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The disaster of ‘me, me’

S Gurumurthy offers some interesting observations on family-oriented societies

All individual- centric economies are deep in debt; but nations more family-oriented and less individual- centric, like Japan, China, India, and generally Asian nations, account for over three-fourths of global savings; the individualist West lives off the savings of family-centric Asia. Today the West says that, in the present crisis only Asia, which has huge savings thanks to family orientation, can save the West, which has almost lost its traditional family lifestyle.

So the idea of unbridled human rights and unrestrained personal freedom that have led to social and cultural degeneration are increasingly seen as the cause of the present economic crisis. Weeks ago, Thomas L Friedman, a leading economic journalist, wrote in the New York Times that he had told those eating in a restaurant that they could no more afford to eat out and they had better cook and eat at home. But how will they cook and eat at home unless families are re-created? If they do, how would the US compensate for loss of employment if restaurants, which exist because households have closed their kitchens, shut down? There seems to be no solution within economic laws to the present crisis of the West. Amoral economics once yielded higher returns. It now yields negative returns

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Written by maald

March 2, 2009 at 5:10 am

Posted in Uncategorized

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