Praxeology: My Reflexions on India

The Indian Prime Minister retorting against the noisy opposition in the Parliament and making a strong pitch for the privatization drive of his government in the latest budget said , Wealth creators are also important for the country, only then wealth can be distributed. How can wealth reach the poor, how can jobs be created, the PM asked. If the public sector is important, so is the participation of private enterprise. Should members of the IAS alone be tasked with everything? Have we entrusted the IAS with running fertiliser factories and chemical enterprises? Then they are supposed to fly planes as well. What type of capability have we acquired by handing over the country to babus. Babus belong to us and so do the youth. The more opportunity we give to our youth, the more he will benefit. By and large I agree with what the Prime Minister is saying about the importance of private sector. But then the most important thing here is, whether he is also walking his talk wit...

  What happened in New Delhi on the day of Republic Day was very much expected. The way in which both parties, especially the government, are not listening to each other’s super charged emotions and needs, violence is guaranteed. If the Indians want peaceful resolution of this farm bill conflict then they will have to sit down on table and carefully and honestly listen to each others’ needs. Calling names, accusing each other of wrongdoing etc., is only going to result in a war. A non-violent and peaceful solution of any conflict requires that both parties first understand their own feelings and needs behind those feelings and then carefully observe the same of the opposing party. And then a process of clear-cut precise communication of these needs and what is being requested from the other party to fulfill those needs must take place. Only when there is this compassionate peaceful communication between the conflicting parties, there is any chance of negotiation and...

  Politics is like a team sport where you support your team no matter what it is doing. There is no logic involved in supporting your team. It is a matter of emotions. It is a matter of being loyal to your team. People who are supporting Narendra Modi or BJP party or India as their nation are not irrational. Nobody is irrational when we look at the matter from the perspective of individual’s subjectively chosen ends and means i.e., human action. Mises said, Human action is necessarily always rational. The term “rational action” is therefore pleonastic and must be rejected as such. When applied to the ultimate ends of action, the terms rational and irrational are inappropriate and meaningless. The ultimate end of action is always the satisfaction of some desires of the acting man. Since nobody is in a position to substitute his own value judgments for those of the acting individual, it is vain to pass judgment on other people’s aims and volitions. No man is qualified t...