IT Killed Capitalism. Thank You Mr. Gates: Embrace the Eternal Deflation - The New World Order

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This book is about the current global economic scenario and the reasons for the current situation. Being a technocrat and a thinker in business and economics he has identified the causes which have turned the global economies to a perennial deflation, which can’t be reversed for a few centuries. According to Prakash, the 100 years Keynes wanted the humanity to endure during which period `Foul’ will be considered fair and `Fair’ wound to be useless, has come to an end. According to Prakash, in reality there is no subject called `Economics’. For him `Economics’ is a myth floated by clever super-rich to forever keep the poor subjugated. The author also finds that the unsatiated greed of the rich drove them to use IT for amassing personal wealth. But, the unintended consequence of their acts, have driven the world to perennial deflation, the millennials to be ascetics and the people to be more humane. As a result, he sees a true `Vasudhaiva Kutumbakam’ (The world is a family) emerging. In the new paradigm, there will be no class difference, all will be equal and prosperous. Everyone will be revered all alike.