Praxeology: My Reflexions on India

The fundamental question all human beings face is, how do we organize our society in such a way that leads to the achievement of ground norms of justice, peace, prosperity and civilization? Particularly, how to organize the society so it avoids conflict between its members and promotes cooperation.     In this short essay I am going to discuss what lies at the foundation of human civilization. We must first begin by defining civilization.   What is civilization?  Before we go and discuss how private property rights are pillars of human civilization, it is important to define what that civilization is.   National geographic society encyclopedia entry defines it as: “The word “civilization” relates to the Latin word “civitas” or “city.” This is why the most basic definition of the word “civilization” is “a society made up of cities.” But early in the development of the term, anthropologists and others used “civilization” and “civilized society” to differentia...

The latest issue of the Economist magazine (figure 1) discusses the coming digital currencies of the governments. It talks about how these currencies are risky but a risk worth taking and how they will transform finance as we know it today. Let’s see what risk we all are taking when governments are going to impose their digital currencies on us. Do they represent something fundamentally different or represent the same system but in the guise of new digits?   The Economist To understand digital currencies we have to first understand what money is and then what is the difference between money and currency? What is money?   By definition money is a common medium of exchange against which every other goods trade in the market economy. Money’s evolution was gradual from the direct exchange barter economy to an indirect exchange money economy. Any commodity that was previously in use and highly demanded by everybody were potential money candidates. Historically this role has been pl...

Since the month of March 2021 suddenly the cases of Covid-19 are increasing in India. So far close to 2 crore people have contracted this mysterious disease out of which 99% have recovered and 1% have sadly died ( Data source ). World over media is portraying this situation as a disaster because of the fact of hospitals running out of oxygen, medical supplies and beds and pictures are splashed in media where crematoriums are having queue of dead bodies supposedly of Covid patients; I am sure many of those dead are non Covid patients who died because of lack of healthcare for them in the frenzied time of Covid where all already scarce resources are unduly monopolised by the Covid-19 disease.     However looking at the data one can hardly say that Covid-19 is ravaging India. Out of population of 140 crore people, close to 2 crore people have so far contracted this disease, and that if we believe the incredibly f lawed testing regimen of RT PCR  etc. In relative terms, some ...

India’s Narendra Modi government is busy centralizing all available resources in Delhi. Recent moves of   taxing provident fun incomes   is just another move in the direction of emptying our pockets. Resource hungry central government is making every move to centralize resources in its coffers so as to continue its spending spree. Even state governments are now   complaining   about central government deliberately weakening the state governments. I have been pointing out at this tendency of Modi government since long. Farm Bills are also one such move of weakening the state governments. This   Totalitarianism   will have very grim consequences for everyone including the central government as their every move will be counterproductive in the end because they go against the laws of nature. This is a no win situation for the country because the more resources the centralizing state diverts to itself, the more it starves the productive sector of the economy of ...

  Many countries like Germany, France, UK, Canada, Netherlands etc., are reporting people dying because of heart attack which is induced by the vaccine shot of AstraZeneca. This is happening because vaccine is forming a blood clot mainly in people with low blood platelet count. Most of these countries have suspended the use of this vaccine. Even India has reported some deaths because of the same reason. Despite these deaths, the UK health regulator is urging people to continue to get these shots, Britain’s medicines regulator is urging people to continue taking the AstraZeneca coronavirus vaccine, despite revealing that seven people in the U.K. have died from rare blood clots after getting the jab. “The benefits of COVID-19 vaccine AstraZeneca in preventing COVID-19 infection and its complications continue to outweigh any risks and the public should continue to get their vaccine when invited to do so,” said Dr. June Raine, the agency’s chief executive. How proper is this utilitaria...

Many people ask me about what possibly can happen if Indian central bank RBI is abolished or it collapses under its own weight? The following write-up is a brief reply to such important questions. We in the Liberty camp, who talk about doing away with the statist central planning institutions like the central bank, have a responsibility of providing answers to such questions coming from concerned citizens who have lived their whole lives under this statist system and so they can’t think of any viable better alternatives because of their habit of thinking in the present system and their lack of imagination of alternative scenarios. At the outset let me declare that the following discussion is purely a theoretical exercise on this important issue of how to replace the RBI with something better and moral. As we all know, future is uncertain and we don’t know how market will configure itself once the central bank is gone. Notwithstanding this uncertainty, by using sound econo...

  The globalist institution World Economic Forum recently tweeted and then deleted that tweet after a huge backlash, Lockdowns are quietly improving cities around the world. With this heartless tweet all the conspiracy theories about these globalist people, like the leader of WEF Klaus Schwab or Bill Gates or George Soros and all Social media companies like Facebook, Amazon, Tweeter etc.,  trying to push their global communist agenda under the guise of Covid-19 and climate change become facts just like many such past conspiracy theories. It is now a surety that they either invented Covid-19 pandemic or used this episode and manufactured a crisis out of it to further their globalist agenda. This is definitely a highly immoral and criminal act because lockdowns have devastated economies and billions of lives around the world, and now we know they intended this result. This is surely an extremely inhumane act. Now, I can understand their wish and need for a green E...