Chapter 14
The journey of nation’s wealth
Financial systems -> To Corporates ->
Other economic destinations.
These two are just as samples. Such flight of wealth take place every day and goes unchecked. A few are brought to the notice of the general public through Constitutional Machinery like C A G.
The entire political system, without exception, is contributing to such leakage of society’s wealth.
Common man, therefore, has no way to stop his society becoming poorer every day.
This is not special in any one society. Every society leaks away its wealth in various ways.
An interesting email from an American citizen, on the flight of money, follows: This has a lot of Economic Knowledge in it.
One of the lessons is:
1. The country may be richest and technologically leading. But when the people are deprived of their right to Produce – Distribute – Consume Products & services, the unemployment and consequent problems cannot be prevented.
2. A rich society becoming depended on basic needs on other societies has every symptons of an economically poor country.
3. Economists and leaders, are typically born with silver spoons. So they can never understand the nitty-gritties of Economy.