Listened to this Economist, Mr Venkatesh, who strongly and with witty anecdotes, explain the imbalances of globalization and capitalization as practiced by the Americans, and thus the rest of the world.
He gives explanation in simple statements about what is causing the present economic recession and the history behind it. He also goes on to tell what countries like India, China, Japan, et al have been doing all this while to even worsen this downfall.
And also he seems to provide some swadeshi solution to this problem of artificial Dollar dominance and the aggressive US hijacking of the World economy. He preaches in improving domestic consumption and to keep trust in the institution of Indian family system. An indian housewife, he says, takes care of household economy as well as National economy.
To add, the failure of the swadeshi idea was the reason for us hatching on to the idea of globalization. Not a single swadeshi product manufactured and service provided were of any reasonably right standard/quality since Independence till 1991 when Indian opened its market for the world.
