Wealth creation ! Is it wrong ?
Functioning of a democratic society depends on the workers as well as the wealth creators. The present day economic crisis has given birth to a school of thought that the people who creates wealth are people who is doing something morally wrong !
Without the people who creates the wealth there would not be wealth in the country to be divided among the population.
It is true that in recent past there have been people with greed who gambled with funds which in turn has resulted in financial turmoil. But that does not give licence to attack every individual who strives hard and make money for themselves as well as create wealth for the nation.
The present economical situation is the combination of various facts.Any single event or party cannot be held responsible for the present situation. It was the culmination of short term policies by various governments to sustain them in power.
as the general opinion for the cause contributing to the latest debacle of the economy is thought to be the excess practices undertaken by certain financial institutions in their investment arm, the wrath of the affected people is unleashed on the people who are creating wealth in the banking industry.
The argument I am keep hearing from several people is that, the investment business only making certain individual rich and does not create employment opportunities or wider opportunities for the general public.
Manufacturing base in UK has started to shrink long before the present difficulties. The reason for that is production became expensive and certain wrong policies were pursued by the governments of that time.
It is ironic that the blame for the lack of manufacturing industries in Britain is suddenly blamed on people who try to create some wealth in the way they know how . It does not mean that I am condoning bad practises and illegal dealings .
My view is that financial institutions success is the only positive side of storey that we have in Britain today.
unfortunately we live in a totally different world to what we had about 20 years ago. It is a fact that what we had working very well for us 20 years ago will not hold today. Hence we need to get better and smarter in what we do best.To that extend I welcome our Prime minister`s resent visit to India.
The balance is tilting to countries like China, India, Brazil, Mexico so it is imperative that we need to have a firm footing in these countries so that our services can be sold in emerging economies which in turn can finance our ventures in UK.
Our wealth creators should be encouraged to expand their horizon and widen their vision and embrace the global concept otherwise we will be left behind in the race and it will only put our younger generation on a back footing.
For a country to succeed and democracy to flourish we need all kind of people including the rich people while I totally agree, that wealth should not be created to be shared between few people and on the back of suffering of the middle class workers, the fact is, if anything the people who has the know how to create wealth should be encouraged.
However much we do not like it, the fact is, it is the wealth creators who are the vehicles that would probably take us out of this dire situation.
Wealth creating ! Is it morally wrong ?
Sakthi Sakthithasan
28.02.2013


