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Economics 1
27th Nov 2010Posted in: Blog 0
Economics 1
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The micro financing crisis in India is similar to  the housing crisis in the U.S in that both serve to illustrate the dire circumstances faced by those who have the money. . Both illustrate the financial crisis and the housing crisis serve to show us that the people with the money are having a harder time keeping it. They are being forced to engage in increasingly predatory tactics just to survive.  In some places in Africa, communities fear war lords and in fully democratic places like the U.S and Canada we have financial predators. Both war lords and Financial predators are varying degrees of the same thing.

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