Greeks voted 'No'- Corporate power and domestic economy are in conflicts

Md Rezaul Karim By Md Rezaul Karim, 8th Jul 2015 | Follow this author | RSS Feed | Short URL http://nut.bz/eq9gg8vw/
Posted in Wikinut>Business>Freelancing

Most of the economic turmoils have been done within Euro zone for its lack of integrated approach. Member countries dancing free in the economic games, but staying together with the same central bank. Making it a mess like Greece or Ireland.

Who to blame


Big houses role in the economy at a micro, macro and global level have been shining like morning Blitzer and dazzling with the passage of time. In the decades back we used to hear about the big houses roles and its domination would built a bubbling economy and based on false aspiration it would come into an end, ultimately the monopoly of businesses would turn everything, everybody enslave towards. But no one seemed heeding the calls as false flag doubt. Now the big houses like corporates, chambers and economic zones seemingly monopolizing business and trades just like monster shadows.

Asia, Latin America experienced the chewing pressure from the World Bank, International Monetary Fund, and other big global banks a long time ago. All the destruction of democratically elected governments, killing and abduction of people, tarnishing human rights, social safety and security, a standard of living everything hampered in the last many decades in the Latin America. The politico-economic struggle has been so long that it became fatigue and lastly the peoples will rise up.

When a country builds up its resources from its productivity, savings, investments and businesses successfully, the GDP increases. The central banks of the countries show their mighty and hefty foreign currency reserves in their reports and annual budgets. Rich countries and G8 they don’t feel like it as money is rising up somewhere else without them. The big global banks become crazy to have a stake in that. The best easiest way is to provide them with loans and credits and have interest on that for a long term growth. The trade surpluses which have been acquired by doing businesses with the G8 would seemingly coming back to them through this banks business with the poorer states in a way of interests that the states would pay in return.

What the countries would do with the credits and loans if not required! How do they spend that money in the domestic economy? What is the link between the economy and military coup-de-tat? How to escape from the shackles of Big Corporate Giants? These are the crucial questions Latino-economy and people answered very recently. Now the turn has come to the Portuguese, Ireland and Greek economy. The most vulnerable of it is the Greek one whose GDP has fallen from US$250 billion to US$200, and the foreign loans occupied more than 35% of the economy. How could they manage it when fourth-time austerity measures are needed, meaning more economic hardship and less social security and eventually downing of standards of living? Would any conscience accept that keeping the military budget intact and increasing day by day to make the other Kings in the Global economy richer? Military expenditure cut will never be supported by the UK, USA and Germany as most of the supplies are coming from them. The interests of the military will be harmed as the big officials earn commissions from them, in a nutshell plummeting the military budget would snatch their pockets, in other words- if it is a Latin or Asian-African country military intervention in the political power would be imminent and regime changes happened; example, Iraq, Libya, Egypt and other Mid East countries if we don’t still consider the cases of Latin America.

What the Greek might do, is quit the big houses loans, if required quit EU. Make its economy free from unnecessary loan-burdened, as its economy is not required pumping up fictitiously. Let the people survive with social security and economic upliftments. And never ever go for IMF, World Bank loans. Most importantly cut the budget of Military, no matter what the big corporate houses want or don’t.

Tags

Democracy, European Central Bank, Finance, Greece, Greek, Imf

Meet the author

author avatar Md Rezaul Karim
I am a teacher engaged with the Southern University Bangladesh. I Like to use my spare time by writing and reading. I take it as a fun and source of inspiration in pursuing knowledge.

Share this page

moderator Peter B. Giblett moderated this page.
If you have any complaints about this content, please let us know

Comments

author avatar Sivaramakrishnan A
8th Jul 2015 (#)

Happy to see you again Karim.

Defense budgets are more than for others including for the basics like education, health etc in most countries! When one accumulates armaments, we become trigger happy while the suppliers make money from everywhere. This diabolic network has to be broken for us to do what is right - siva

Reply to this comment

author avatar Md Rezaul Karim
30th Jul 2015 (#)

In Bangladesh, military budget is a secret matter, but we understand it that military also take away big chunk of money from public education sector for its own education and training. Bangladesh will never be developed as long as the basket is open for the defense forces.

Reply to this comment

author avatar akram saqib
11th Jul 2015 (#)

You are quite right friend.

Reply to this comment

author avatar Md Rezaul Karim
30th Jul 2015 (#)

Thank you very much

Reply to this comment

author avatar Kingwell
12th Jul 2015 (#)

Cut the budget of Military, no matter what the big corporate houses want or don’t - I couldn't agree more! Blessing.,

Reply to this comment

author avatar Md Rezaul Karim
30th Jul 2015 (#)

Thanks for stopping by my friend.

Reply to this comment

author avatar Md Rezaul Karim
30th Jul 2015 (#)

For us we still couldn't understand how the weak public economic growth can support more and more hefty idle military personnel. I don't know who they would fight against !!

Reply to this comment

author avatar Carol
27th Jul 2015 (#)

Thanks for the important information

Reply to this comment

author avatar n.c.radomes
15th Aug 2015 (#)

You've made a sound analysis of Greece and other countries problematic economy, and hoping they'll listen to the measures you've offered.

Reply to this comment

author avatar Md Rezaul Karim
17th Aug 2015 (#)

Well, I'm not an expert to heed to, yet, this is information that we normally overlook while seeing the symptoms rather than the reasons. Thank you Radomes for stopping by.

Reply to this comment

author avatar D in The Darling
24th Aug 2015 (#)

Sounds so sad and it is sad for Greece. Thanks for sharing.

It's been a while. So, how are you doing Md?

Reply to this comment

author avatar Md Rezaul Karim
25th Aug 2015 (#)

Well, I feel like busy myself with other items, that's why I write less now a days.

Reply to this comment

author avatar SaigonDeManila
29th Dec 2015 (#)

..great article...keep it up for the year 2016!

Reply to this comment

author avatar Md Rezaul Karim
1st Jan 2016 (#)

Thank you Saigon for stopping by... Happy New Year

Reply to this comment

Add a comment
Username
Can't login?
Password