Recession Taking Its Toll
Today’s’ Worldwide burning issue is the recession which gives a very bad picture to the economy. The leaders of all the countries are struggling hard to find a solution to come out and up rise the economy. But how this recession happened? 150 years ago, Karl Marx, one of the greatest thinkers has expressed the financial and economic crisis as an epidemic of over production, too much industry and commerce.
He also suggested a solution of destroying some productive forces and invasion of new markets to get over the crisis. The same situation has happened in today’s wealth. It has created a complete disorder in the middle class society which has led to massive debts. The world leaders have organized a summit G-20 i.e. a group of leaders of 19 national economies and European Union to study and review the current financial crisis.
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