Why socialism fails ?

4 Ways to spend money. These are the most insightful thougts on I have ever heard on spending money. Clearly explains why socialism has been a failure in the history of man kind. Milton Friedman is a genius.

Globalization of Inequality

P. Sainath, an award winning photo journalist spoke on the issue of globalization of inequality last year. His speech gives insights into some facts about the so called "Tiger economy" of India, that will never make to main stream media. The best part of his speech was the ending, when he speaks of the analogy between us and the guests of Nero's grand party. Nero, a roman emperor, in an attemptto avert the public's attention from the fire that burnt down the roman capital, decided to host the grandest party in the history of Roman Empire. He used wretched prisoners as fuel to generate light during the party. Sainath says, we are like Nero's guests who could not stand up against such an inhuman act, when we ignore hundereds of farmers suicides in India with an idle yawn. The speech has many interesting facts about how the tsunami affected the economy of the countries that it struck. It is definetely worth watching. Here is the video