150 years after Madoff....

The headline read "Madoff sentenced to 150 years". Having lived and worked up all through his profession , this 71 year old Madoff was sentenced to 150 years in prison. The judgement made sure he will be out of prison in a coffin.

So what will happen 150 years from now to this breed of white colored criminals? They aren't deadly as the breed of terrorist we watch daily, but sure they can with greater intensity, ruin your and my life!

These white color criminals are a new breed of 'smart' adventurers emerging in this integrated world economy. These greedy,well connected business men and money makers are found not only in developed capitalist economies, but all through Russia, India and China.

The new economy provides with abundant possibilities of wealth accumulation and is throwing open opportunities never imagined a few decades ago. Risk is rewarded amply, and adventurers life Madoff can go to the extent of risking their life to accumulate wealth in billions of dollars. Compare this to the conquest of America by the greedy Spanish conquistadors. They were greedy and brutal . They conquered new territories risking their life. But if it were not them there was no America!

The white colored criminals like Madoff are no different from those adventurers in late 15th century. In this new world economy, integrated by money and trade, there will be a few caught and sentenced like Madoff, but many more still survive. These sure will go far enough to swindle money and wealth in even bigger proportions. And in the process bring more legislation and regulations in trade and economy. The good part is that there will be legislation to protect the low-risk takers and the bad is that these white colored criminal has just started their conquest of wealth and money laundering.

This is the lesson from Madoff's $65 Billion attempt and failure.