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Food for thought


Air travel, telephone and now the internet all of these are establishing a world without borders. Since the Industrial Revolution that started in England in 18th century, there has been a constant annihilation of space, and in a sense also a contraction of time. Technology has changed us to rethink our assumptions, our relationship with nature, the methods of our social organisation, value-systems and time-tested traditions. The world of economic growth should have created opportunities yet there are far fewer out there in the world, with stark contrasts of poverty and wealth, living side by side. Take the example of Mumbai, and Karachi where Katchi Abadis are overshadowed by high-rise buildings. This is not a South Asian phenomenon but one can also see the same pattern in big African cities like Lagos, Nairobi, and Cape Town, so is the case in the Latin American Soweto where  poor live next to rich. Why is there so much difference? To answer that question we are putting a famous quote below for you to think, from JM Keynes the 2oth century British economist, who attempted to make sense of modern economic change.

”The ideas of economists and political philosophers, both when they are right and when they are wrong, aremore powerful than is commonly understood. Indeed the world is ruled by little else. Practical men, who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist”. John Maynard Keynes


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