the economic meltdown

The world is plagued by the severest offending virus- the economic meltdown, that has effected the economy of every nation across the Globe, and has made fearful the leaders, professionals, institutions, entrepreneurs and the workforce, consumers, every stakeholder and turned them cautious. It is argued that the virtual economy propagated by over enthusiasts professionals and consultants, and newly propagated IFRS- fair value basis accounting, Capitalism, Globalisation concepts redundant.