Bashir Goth at PostGlobal

Bashir Goth

Somalia/UAE

Bashir Goth is a veteran journalist, freelance writer, the first Somali blogger and editor of a leading news website. He is also a regular contributor to major Middle Eastern and African newspapers and online journals. Close.

Bashir Goth

Somalia/UAE

Bashir Goth is a veteran journalist, freelance writer, the first Somali blogger and editor of a leading news website. more »

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September 26, 2008 5:21 PM

Today's Capitalism Has Run Its Course

As the free market economy makes a free fall, all kinds of prescriptions will come to mind, including socialism. A Somali proverb says: "Nin buka boql u talisay" (a sick man gets 100 advisers). Socialist-minded gurus and those who feel left behind by capitalism's unprecedented generation of wealth may need to shout "gotcha," but one thing that could be unanimously agreed by at least uninitiated armchair observers like me is that capitalism in its current free reign and globalized fit for all structure has run its course. Just like we need and preach biodiversity in the field of ecology we need eco-diversity in the economic world.

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