The worldwide economic slowdown will be forcing the people around the world to put a reverse gear and to return to the old way of life with less luxuries, simply to survive.
Declining oil price and the Ukraine game plan are leading to greater belt-tightening. The Russian government’s spending on defence has to curtail greatly. Too much money has spoiled many people and nations. The wealth was not properly utilised for the suffering people of those nations, but in many other unproductive and destructive things.
A reader, by email
This letter expresses the personal views of the author and does not reflect the opinion of Khaleej Times.