Business has never been such competitive. Big corporate houses are falling down. Legendary Lehman Brother, Merill Lynch, submerged and other are underway. It seems that there is no measure to get out of this recession.
Countries are introducing bail out plan with billions of dollar. These countries are moving towards capitalism to socialism. It has proved that market can not be fully independent. Government intervention is mandatory for smooth operation of economy. Many economist like Milton Fried man sought for free market economy but ultimately Keynesian theory is getting one more approval that government should play vital role to save the economy.
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