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ECONOMICS OF MAHAVIRA
life. Murders, suicides, divorces and similar acts have become common. Confronted with such a situation, man is compelled to believe that there is somewhere some deficiency in our economic system which gave rise to these tendencies. Now an opportunity has come to turn back and ponder. A voice is being heard that a new economic system must emerge. Even the macro-economic system will not work. What is needed is a global economy or a world-wide economic system. There has also to be a world-wide economic policy. If the problem of environment had not come into bold relief, the idea of global economy perhaps would have remained dormant. Developed nations acquired dominant control over the resources. They established largescale industries and, in the wake, produced so much of pollution that it became a danger to environment. With the largescale cutting of forests and excessive excavation of the earth, the entire balance of nature got disturbed. It is now being noticed that powerful nations are becoming more of a threat and less of a source of strength. They are engaged in exploitaion. They help less and exploit more. A race is going on among them for building economic empires and making them more powerful.
A State of Slavery In the olden times, territorial expansion was achieved through wars prompted by imperialistic designs. Now that is no more there. Today, the dominant powers are those which control the markets. There is a race among the developed countries as to who can establish the control over the entire world. With this reckless race of the developed countries, small and underdeveloped countries are living under terror. They are being exploited and their authority is also being curtailed. The power of the developed countries has become extensive and the power of the small countries has become ostracised and, in a way, the latter have slided into the fold of the former. Even without territorial or political usurpation by the more powerful, they are becoming slaves.
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