Praxeology: My Reflexions on India

Greece is in a big trouble. Their government lost their sovereignty to foreign creditors after they were bailed out by them for the third time! This is not a fix of this problem, but only kicking the can down the road by politicians. One day, in future, Greece government will have to repay their debt one way or another. The bankruptcy and insolvency of the Greek government is a global phenomenon. Many world governments are heavily indebted and they will get into big troubles in future. In my latest economic report I discuss the Greek problem, its implications and a possible solution.

As I have mentioned elsewhere, the modern nation state societies in which we all are living are not more than 500 or so years old. If we study the human societies around the world then they exhibit different organizational patterns, and the state is only one of these various organizational patterns. People who are living under these nation states might feel as if the condition in which they find themselves today is present since time immemorial. Many a times, during discussion with various people about the future Anarcho-Capitalist society which will be without any nation state, I frequently hear, that the state has always been with us since the beginning of time, and it is never going to go away; we have to live with it, and tolerate its exploitations! These people don't know the human history. The real question for us to understand today is, how the first original states came into being? Whether the nation state is with us since the beginning of time? In this article I will expl...

After the sweeping election win of Narendra Modi and his Hindu nationalist BJP party last year, there is a barrage of Hindu propaganda coming from Modi and his government about the so-called glorious past of India and the sacred Hindu culture. Hindu fundamentalist forces, under the tutelage of Modi and his government, are busy attacking the Muslim and Christian minorities while BJP's backers, the RSS, wants Modi government to declare India as a Hindu nation ! BJP governments in various states like Maharashtra and Haryana have gone so far as to ban the eating of cow beef totally saying that for Hindus cow is sacred. The myth of India's Holy Cow  perpetuates and gives a (phony) justification to such draconian measures of these state governments. What I want do in this brief article is reveal the reality of the  Hindu Holy Cow . I will present the underlying cause of this old Hindu ban/taboo on eating cow beef. What factors are driving this ban? How and when this ban origin...

A day before yesterday the Indian military commandos, allegedly as said by the Indian government official Rajayavardan Rathod , crossed the border of Myanmar (Burma) to attack and kill some 50+ so-called separatist rebel fighters. This cross-border attack came in the wake of an attack on the Indian military forces in Manipur few days back by these rebel fighters who killed some 20 Jawans of Indian army during that attack. Narendra Modi government's Junior minister for information and broadcasting Rajyavardhan Singh Rathore said the government had taken the bold step to strike at militant camps and he congratulated Prime Minister Narendra Modi for doing so ... He also told ... it was a signal to neighbours that India will not tolerate militant attacks from across its borders. "It is undoubtedly a message to all nations that harbour any intentions - be it the west or the specific country we went into right now. Even if there are groups within countries that harbour terror int...

Narendra Modi government has launched a new scheme of " Gold Monetization " [sic]. We all know that the Indian government, whether of Manmohan or Modi, has waged a war against Gold since long. This scheme is yet another weapon of government in that war. In my latest economic report I analyze this scheme and its realities. I also, briefly, discuss what Gold actually is.

I have recently started reading John Keay's India: A History From the Earliest Civilizations to the Boom of the Twenty First Century published by the Harper Press. What I want to do in this write-up is to do a live review of this book as I go on reading it. This blog will continue to update as I read one chapter after another reviewing them in succession. I will present my own analysis and comments in the following paragraphs as well as reproducing choicest excerpts from the book, especially the ones which are more relevant for today's India and the kind of issues that are discussed in present time e.g., Nationalism under Modi government. When I was reading the first chapter The Harappan World , one thing struck me hard is the fact, which anyone who has studied the Indian history deeply knows well, that this country, which is generally called India, was historically never a one country. The present political form of this country as one geographic territory is a phenome...

Yesterday the prime minister of India, Narendra Modi, spoke at a financial inclusion conference organized as part of RBI’s 80th anniversary celebrations. The kind of advise he was giving to the central banker of India, Raghuram Rajan, shows a sign of the kind of troubles that are coming in future for the Indian economy. The height of hubris with politicians is that they always think as if they are knowledgeable about everything; as if they are omniscient. They want to impose their own faulty ideas on the whole country. This is especially true with Narendra Modi. Since coming to power last year, he is constantly pushing the whole nation in a direction which he thinks is right for this country. He is driving everyone crazy to fulfill his personal dreams like Swaccha Bharat or Make in India. He did the very same thing yesterday also in his speech by directing RBI and commercial banks to do bidding for his own personal dreams. I analyze some of his agendas for the banks below. 1. Banks...