IMF: As Recession Worsens, World Economy Will Shrink This Year

We are seeing and watching the outcome of recession through all shorts of media.Till now there is no clear understanding about reason & remedy for such things happening again, but it seems not defficult to understand that greed for earning uncontrolled & unmonitored profit in all shorts of business as early as possible like a race has ultimately surfaced as overall unbearable loss to all . Ultimatley who is taking pains to overcome the problems? It is all responsible governmnet at a very heavy cost.

Can it be avoided in future & how? Yes. If in a meeting like G-20 the policy makers fix a limit of maximum profit on any investment or business ( say 10% -20%) and agree for a suitable monitoring system in their respecive countries then all short of non ethical practices will not happen agaian and definitely no such catestroph again.

It is very simple and very easy to understand .Implimentation may also be simple if honestly done.

Sudhir Kumar Chaudhary 1:24AM April 23, 2009