The recent stock market crash, housing bust and the never ending credit crunch have put capitalism in a whole new paradigm. To echo Micheal Moore's words "The capitalism, as we knew of, which didn't care about the world or it's people has finally ended". I would take a step back and say it's finally going to end. What started as a disaster in the financial industry is trickling down to every facet of human society, from autos to even technology industries - that were thought to weather this storm.
In my opinion, the fundamentals of the capitalistic business models have been put to test during the past few months. What could have been a major one time disaster has instead trickled down slowly, in spite of major attempts by the industry to avoid this mishap. The impact of the past few months has it's roots in several key decisions that were taken way back - when we may never know. This impact is definitely not because of a 'few lame' decisions or 'tactics'. I'd be hard pressed to believe that all of the best and the brightest minds in the industry succumbed to these decisions or tactics.
The very fact that the industry is standing in front of the government with folded hands begging for help - has no doubt questioned the premise of capitalism and it's success so far. Whether the government bails out the industries or not, I'm left to wonder - are we truly evolving ? I civilization such as the Mayan civilization lasted thousands of years, and here we are struggling with just 200 years of "modern capitalism".
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