Praxeology: My Reflexions on India

Book review:     Feardom : How Politicians Exploit Your Emotions and What You Can Do to Stop Them by Connor Boyack.  Libertas Press (8 December 2014) Connor Boyack, the founder and president of Libertas Institute a libertarian think tank in Utah, has written an important book on the subject matter of the pervasive human emotion of  fear  and how different power mongering people utilise it to influence the actions of their victims to control and exploit them for their own benefit.  Since the beginning of the year 2020 and continuing into 2021, world population has been scared to death by the state authorities, medical pharmaceutical mafia world and their billionaire funders about the so-called new Coronavirus and a disease caused by it viz., Covid-19. Under the guise of Covid-19 disease fear, power mongers have acquired tremendous powers for themselves over the world population. Various governments, especially Indian, imposed draconian lockdowns on their pop...

Our world is by and large going left liberal and woke. These groups of people espouse ideas like gender equality or self gender identification, gender feminism, anti-racism, open immigration, multiculturalism etc. American social political groups like   Black Lives Matters  or  ANTIFA (Anti Fascist) etc.,  represent such ideologies. Personally speaking, I see no problems with this type of left liberalism or wokeness as long as such ideas are not   imposed   by one group of people on others. But that is what exactly happens, all the time. One group of people hijacks the centralized power of the state and uses that state machinery to impose their ideas on others who don’t believe in those ideas. And herein lies the root of all our problems.   Nation state’s centralized power structure allows one group of people to impose their ideas on everyone else, and that is the root cause of all our conflicts. State monopoly is the central problem. Originally the St...

Inflation is hitting not only India but the globe. Price of petrol in India has crossed 100 rupee per liter mark in many cities. What is inflation? What causes it? What is its solution? I discuss these questions in my below analysis.   

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 ...