“Giving large sums of money to the very people who caused the problems in the first place seems very unwise, to put it mildly,” said Srichand P Hinduja, Chairman of the diversified Hinduja Group.

In an article in Forbes magazine, as a pre-G-20 London summit commentary, Hinduja said: “What we are witnessing is the trailer to the real movie.” The top exec isn’t hopeful that the ongoing recession is just a momentary glitch. He pegs the duration to possibly be even longer than 5 years, with the worst bump on the road yet to come. Hinduja likens the massive US bailouts to temporary oxygen for banks and manufacturing companies – some sort of a cushion in their ride on the bumpy recession road with the biggest rut still up ahead. It is true that the bailouts are basically to stem impending bankruptcies and plug the job loss leak (although 4.4. million jobs have already vanished, in the US alone).

Hinduja makes some very clever conclusions: nature seeks to correct the imbalance (if men can’t close in the great economic divide, nature will – for sure), and that socialism and capitalism have both failed the human race (what else is there left?). Hinduja wants attention to be directed to emerging economies to give them a chance to play out to their consumer markets. The low income market numbers billions across the globe.

For Hinduja, the bailout is just to stave off the plunging trend of First World companies and economies. These companies can only go back to their original status, if ever they do. They are not necessarily the beacons of hope in immediately reviving global economy and stability. That’s a logical thought.

The Hinduja Group has a multinational presence with involvement in financial services, automobiles, IT, and infrastructure industries. India is a known emerging economy.

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Via The Economic Times