Praxeology: My Reflexions on India

After 17 days of lock down in India, the   official figures   for total infections and deaths due to Coronavirus are 6,600 and 228 people respectively. At the   beginning   of this lock down the same numbers were 614 and 9 people respectively. Despite the lock down, infection cases in India have gone up 10  times and deaths 25 times. Regardless of this, Modi government, as usual, has started claiming the success of their draconian lock down. Such kind of response was expected because governments will never admit their failures while taking all the credit for others’ successes. Indian government   claimed   on Thursday: The Indian government on Thursday claimed initial success in its fight against the coronavirus epidemic, saying it would have been hit with 820,000 cases by next week had it not imposed a nationwide lockdown. Prime Minister Narendra Modi’s decision to order 1.3 billion Indians indoors for three weeks in the world’s biggest lockdow...

Covid-19 Pandemic The world is in an unprecedented   lock down   over a threat of a flu virus’s new strain called SARS-Cov-2 that causes a respiratory disease called Covid-19. All the data so far coming suggests that the only group most vulnerable to this disease are very old people with underlying health issues like diabetes, heart surgeries, organ transplant, cancer, hypertension, asthma, tuberculosis etc., which has compromised their immune system, and those young people who also have above mentioned underlying health issues or who are smoking or drinking or doing drug abuse etc. Basically, anyone with a compromised immune system is at risk of dying because of this virus. Worldwide data also suggests that the mortality rate of this pandemic is approximately   0.1%   or even less. All in all, the data coming out so far tells that the virus is benign and not a monster that is out to kill us all. But governments around the world have seized this opportunity and...

The Covid-19 Pandemic has sent the Indian government in a tizzy. Modi government has panicked like anything and without any kind of prior very careful thinking or planning Modi has announced a   21 day lock down   of the whole country of 1.35 billion people. Almost all production processes in the country have either totally shutdown or working at much   lower capacity   now. This means, huge   supply crunch   is coming. Moody’s has already lowered Indian GDP forecast to just 2.5% for calendar year 2020. The actual growth very likely is in reverse gear now.  No one knows how the millions of rural folks are surviving right now, in Modi’s own constituency Varanasi children are forced to   eat cattle grass   with salt and water, and within 3 days of lock down even urban areas are now running out of essential supply of food etc., items because whole supply chain is on a stand still. Amidst this historic lock down, Modi has taken control of all...

Recently the American president Donald Trump was on his maiden visit to the Indian nation state. During his visit to New Delhi, India’s capital, the city witnessed big   communal violence   in which, so far, around   53 people   have lost their lives. Hindu nationalist goons clashed with the Muslim mob. In these clashes, one police constable and one IB (Intelligence Bureau) officer have also died (murdered by the mob). This violence was in the making since the Hindu nationalist Modi government passed the controversial citizen amendment bill coupled with NRC, which many are now fearing will make millions of Indian Muslims stateless. UN Human Rights Commission chair has now   filed an intervention application   against this act in the Indian Supreme Court. CAA and NRC plus the continuing violence in different parts of India have given a   bad name   to India, especially the Modi government. How did this happen in a country which is known for giv...

With   falling direct   and   indirect tax   revenues (sic), the Modi government is desperate to raise more money to spend on their fiscal programs to allegedly bring the economy   out of the slump   which they think is caused by a   fall in aggregate demand . Experts and even BJP MPs like Subramanian Swamy are calling this   tax terrorism . I am going to analyze two questions in this article: One, is the economy in slump because of fall in aggregate demand? And two, can this tax terrorism to raise and then spend more money bring the economy out of this slump? Let’s see. In my   previous article   I have tackled the issue of whether a fall In aggregate demand is responsible for this slump in the economy so I am not going to spend time on that question here. As I have said there, demand is never a problem for any economy. Supply is. And that supply is now chocked by the Modi government via their knucklehead policies like demonetizat...

Recently I was interviewed by Mr. Yohan Tengra of   Anarchy for Freedom    about how an Anarcho-Capitalist   Private Law society   will solve our myriad of problems like pollution, national defense, protection of property, inflation, unemployment etc. Statist people frequently argue that without the state (aka government) there will be   Anarchy , which they allege to be a state of chaos. But in reality Anarchy only means   absence of a central authority . Far from being a chaotic society, an anarcho-capitalist private law society will solve our problems in a much better and moral way. Listen to my discussion of these important issues below.

Recently Mises India President Dr. Madhusudan Raj sat down with Mr. Yohan Tengra of   Anarchy for Freedom   to discuss India and its economy and to give insights on the root cause of what has created the many and various economic and social problems in India. He discussed subjects such as: Is Arvind Kejriwal our potential savior? Why we are not taught Austrian economics in school? Impact of Soviet styled Socialist central planning on India How government disinvestment and privatization compare to real free market privatization? Libertarianism v/s Socialism Why profits aren’t evil (& the functions of profit & loss How central banks (the RBI) create boom & bust cycles