One of the greatest fallacies on economic depressions is that it is caused by overproduction. "Overproduction is the natural tendency of capitalism to expand the production of commodities that does not acknowledge the limits of the market (demand). Since the production and circulation of goods is not planned and firms are in constant competition for larger profits and greater market share, capitalist's booms are always followed by busts as we see in the business cycle. In short, capitalist markets are NOT self regulatory." This Marxian myth is based on the fact that in a depression there are unemployed factors of production and unsold surplus of goods.The adherents of these fallacy conclude from this that the capitalistic system produces too much in the period of boom,which is cleared away in the depression period.

LONDON: In an effort to combat soaring teenage pregnancy in UK, government has ordered local authorities to press girls as young as 13 to have contraceptive jabs, which can make girls infertile for upto three months, a policy that has sparked outcry in the country. The Labour government has identified failures by teenage girls to take the daily pill correctly as one reason for soaring under-age pregnancy rates, which was the highest in Europe. Now British health and education ministers have ordered council and health chief executives to increase the uptake of “long-acting” contraception in teen pregnancy “hot spots”. Times of India

The Nobel Laurete Paul Krugman,in his shockingly offensive article has put forward some solutions to the present economic crisis-Each one of them wrong and a dangerous step to take.He says that the nonfinancial economy is too desperately need of “help”. “The government should spend and spend.Let fiscal responsibility go to hell.We shouldn’t be

There's an old saying that in polite social circles one should never discuss religion, politics, or sex. Well, I never promised to be polite here so, since this article isn't about politics, I guess that just leaves sex and religion, still, I'll try to stay as "polite" as possible. Sex and religion will always be interwoven with judgments; it's just… Continue reading

Imagine a world where chauvinism is snubbed if among men sharing a common belief but eulogized if among ones sharing a common political or provincial frontier. “What?” One might ask. If you have no idea what I am talking about, that is the very essence of patriotism - a connive of fiendish statesmen who knew creating an Us Vs Them dynamic is the first phase of oppression.
Let us take the case of a soldier, the highest exemplification of patriotism. Continue reading