Can recessions also be healthy?

The governments in Europe and America have become bankers either by nationalizing the banks or by injecting funds as equities and other forms of capital funds to transfuse blood into anemic financial institutions with a view to thwarting a repeat scene of the economic depression of 1930s. Such bottle-feeding the adults has kept them asleep for a while. But, in the long run these drunken adults, we are apprehensive, have not garnered enough strength to stand on their own feet. A short-sighted strategy to stabilize the financial system, a poor design to help the economy recover as has been proven time and again in Bangladesh! For invigorating an economy winners should always be separated from the losers the way weeds and dead plants have to be cleared for healthy growth of a garden of vegetables. By artificially checking the recession - which is a natural business phenomenon - the American and European governments have been trying their best to prevent small pox from reappearing - unaware that nature will take its toll of death through a different gateway such as an entry of a new disease like AIDS if the door is sealed for a re-entry of small pox. But recessions can also be healthy and necessary. They help weed out the inefficient and the marginal and expose fraud and corruption and close the gate for them for the economy to regrow in a healthful manner. Tayeebur Rahman Baridhara, Dhaka.