<i>Elections in the USA and Bangladesh</i>
The USA developed economically from the period of President Roosevelt to 1970 by creating wealth for the nation. The income was distributed according to contribution, made by the entrepreneurs, technologists and skilled professionals. The income of the non-skilled personnel declined showing disproportionate distribution with large gaps among different factors. The leaders thereafter reduced taxes of the richest citizens moving towards bond culture. The present income of the USA is 250% of the gross domestic product of the country. The middle class gradually adopted the credit culture that assisted them in consuming more than their individual income. It helped the rich to become richer, whereas the USA had to maintain about 700 military camps in 130 countries of the world. President GW Bush accelerated the downfall by invading Iraq & Afghanistan and threatening Iran and many other countries, whereas the national exchequer declined due to reduction of tax and greater volume of expenses for maintaining forces in different countries. It endangered the economy of the country. At the moment, people are required to buy at higher prices that exhausted strength of many who failed to pay the committed instalments; the entrepreneurs failed to maintain earlier level of sales and the economy crumbled. The economists of the country clearly observed the situation, whereas the leaders cannot go backward. It made 2008 election important for the citizens of the USA and the world.
Similarly, election in Bangladesh in 2008 is also important. Surgical operation on India and Pakistan by the leaders resulted in the creation of Pakistan in 1947 and Bangladesh in 1971. Ordinary citizens dreamt of a good future. The leaders came with slogans of development, but all in vain due to inherent defects in the compliance requirements.
All in the corridor of Power became rich, whereas the dream of common people were butchered at the altar of power and greed. Now the students are busy doing the assigned tasks of politicians for money and honey without learning the subjects properly. The credit culture opened the door of making money by issuing bonds. Entrepreneurs in the productive sectors are required to face the tyranny of regulations, threats of thugs and muggers.
I pay my respect to those who are trying to pull the nation up.
Comments