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Showing posts from December, 2021

A Radical Political Proposal for India

 When it comes to the political choices in India, Indians have no real choices. All political parties in India, in one form or another, are wedded to the ideology of socialism and its variants like communism. Whether it is the ruling BJP party or the major opposition Congress party or the Aam Aadmi Party, they all are followers of socialism. They all present the statist view of the society where the individual is subordinate to the state and its ruling government. The government is our overlord, our nanny who is going to control and regulate every aspect of our lives. The concept of the individual and its liberty is completely missing from the Indian social, cultural, and political scene. Basically the Indian culture is collective tribal and primitive. The present BJP government and its prime minister Modi are touted by many as a pro-market prime minister and to the right of the political spectrum, but looking at BJP and Modi’s track record, e.g., increasing centralization of the s...

Economics of Corruption

Corruption has been maligned by everyone as if it is something bad and has to be condemned and removed from society forever. Transparency International   defines   corruption as, We define corruption as the abuse of entrusted power for private gain. Corruption erodes trust, weakens democracy, hampers economic development and further exacerbates inequality, poverty, social division and the environmental crisis. They also discuss three different forms of corruption, public servants demanding or taking money or favors in exchange for services, politicians misusing public money or granting public jobs or contracts to their sponsors, friends, and families, corporations bribing officials to get lucrative deals Although corruption per se is bad and it must be eliminated from society, doing that requires a sound understanding of causes of corruption. This is important because without removing the cause of corruption, if we try to eliminate corruption – which is a mere symptom of the u...