Colonization was modeled after the previous Islamic conquest of the Middle East and the Roman Catholic conquest of Europe. When colonialism ended, it wasn’t because the colonialists had a change of heart. It was because they did not have the power to continue. Their armies were dead. Their coffers were empty. Their will was broken. …
A few months ago, I was participating in a live discussion where I could see a stream of user comments. One such comment was that people in India lead miserable lives. The implication was that Western thinking is better because the West is more prosperous. People today see poverty in India and don’t know about …
Many people realize at present that there are problems with capitalism, but opinion is divided on what should be done about it. This post explores the alternatives to capitalism and their problems. The reality is that there are no provably stable economic models today. Centuries of economic studies have failed to provide a theory or …
