Not only the financial risk but also the risk to the well-being of the people

- Even after finding a vaccine or solution it is going to take a long time to come out. During this time it is time for global leaders to rethink instead of lighter interest rates and more money liquidity.

The current crisis is new to the world. This is not only a financial risk but also a threat to the well-being of the people. At present, the United States, Britain, China or the European Union are operating more and more in the financial markets, keeping the financial transaction afloat, meeting those who lack finances, and providing those with more to those in need. Within three months, a new idea has come into force that economic growth should survive at any cost. It has disappeared that America First or China are deceiving the people in the name of tariffs.

The ideology of capitalism is profound.

In capitalism, people belonging to a certain category, to a small number of people, have the authority over most of the resources (capital, house, land, building, factory). The rest (many of whom are very large) work as workers or employers, and their wealth is limited.

Workers sell their skills and earn a living from the market by capitalists selling this worker's product.

Capitalists compete with each other to put more and more cheap goods in the market, and for this cheap commodity it is necessary to limit their production costs. This cost is the salary paid to the workers. So they could say that in capitalism, profits matter more than workers.

That is why capitalists are also getting facilities such as simple laws to keep workers on the job, as little social security (insurance) as possible, special policies with the government to get the land, raising capital from simple interest or even lower taxes. That is why when it comes to the recession, demands like interest rate reduction, some concessions to return the money or less tax are put forward as an excuse to protect the worker's job.

Even though things may seem so frequent, so certain that the crisis of 1 is different. The direct danger here is at the risk of mankind. The success of any government, regardless of how much economic growth has declined in the year 1, will be determined by how few people have died due to the virus.

Consideration is going quite differently from the capitalist belief. Because if labor is alive in the future, production will be possible again, if the number of laborers higher than the capitalists is alive then production of product in market will be possible. This is a new leak and that's why governments are working in different directions right now.

Initially announced a package that the government would pay up to 5 percent of the working class pay to Britain, the US announced that $ 5 would be directly credited to the unemployed, and the Indian government has also announced a direct transfer for workers, and housewives.

This is a complimentary step. But still attached to the capitalist ideology, the fact is that the government needs to order companies or profitable capitalists for years to spend on health, invest more and seek corona virus treatment, invest more.

Donations are gathering right now and not the power to fight the future. What do you do if you have such a big problem in the future? It needs to be considered.

In the past there were novel viruses like swine flu, mars, sars. All of these were different from the virus they had before. Pharma companies didn't research it because it didn't have a market. It will now cost research as a global market has emerged.

That is why companies have to spend seven hours to find their own way. People are announcing that they will now build their own factory ventilator after billions of profit. And people sitting on smartphones are advising the train coach to make the hospital. If this happens then it is considered a success. So why not invest in a hospital first, why not build a ventilator first?

Millions of people are becoming unemployed because of this virus. People are migrating to their homeland. And so with the effects of the virus, it is going to take a long time to come out even after finding a vaccine or solution.

During this time, it is time for global leaders to rethink instead of lighter interest rates and more money liquidity. Against the economic objective, it is important to consider survival rather than sustain profit. This is a time when everyone, whether they have the strength to pay medical bills or not, has to provide health care. The idea is to provide a shelter whether everyone has the power or not. This is a time in which to think about what should be given to workers, laborers and jobs. Not that Dr. Jones, the Nikkei or the Nifty are falling so that the assets have been eroded and the money flows to the mutual fund.

The crisis of 2008

The global financial crisis of Year 7 was born in the United States. The financial institutions started to provide loans to more and more customers for their own benefit, whether or not the customer was qualified. The loan was sold to Financial Engineering as Asset Based Securities. The value of this asset fell so much that the loan defaulted, as well as asset-based securities.

In the end, it affected the entire American economy, and because of this, the global financial system was halted. There was a shortage of cash. The global economy is in recession. The country, like India, which relies on capital and finance for production, has also been affected.