Praxeology: My Reflexions on India

A couple of days ago famous industrialist Ratan Tata commented about the lavish life style of another billionaire business tycoon Mukesh Ambani quoting his 27 storied Mumbai house viz., Antilla. Tata said that Mukesh Ambani's house Antilla represents the rich Indian's lack of empathy for the poor . His remarks: "The person who lives in there should be concerned about what he sees around him and [asking] can he make a difference. If he is not, then it's sad because this country needs people to allocate some of their enormous wealth to finding ways of mitigating the hardship that people have."  Is Ratan Tata right in his remarks or is he misguided in his judgements? Is he aware about the role of an entrepreneur in an economy or is he ignorant of this basic economic fact? Or is his remarks has some underlying assumptions which make those remarks perfectly apt for Mukesh's lifestyle? Let me deal with these questions one by one. I take two scenarios to carr...

Recently prime minister Manmohan Singh visited Afghanistan government to meet president Hamid Karzai. This visit was in the wake of recent event of the murder of Osama-bin-Laden by the US government. During this visit he pledged to donate US$ 500 million to the Afghanistan government for the said rebuilding infrastructure works. He announced that the total commitment from the Indian government to transfer the funds to Afghan government is approximately US$ 1.5 billion. In this region Indian government is the biggest funding institution for the Afghan government. This whole transfer of funds by the Indian government raises many questions in my mind, and should raise in every Indian citizens' mind too. First, what is the real motive - and not just stated - of giving this large sum of money to the Afghan government? Second, who actually is going to pay for it and in what form? Is it morally and legally right to give this money to Karzai government? Third, who will actually benef...