Day: May 21, 2024

A Tale of Two Road Accidents

Road accidents are an unfortunate fact of life. The best we as a society can do is to minimize the chances of an accident. And when the “accident” is due to gross negligence, then the criminal should be so severely punished that it deters others from being negligent.

I read about an accident in Pune in which two people on a bike were mowed down by a speeding car a couple of days ago. The car was a Porsche (pictured above), driven by an apparently drunk 17-year old. The victims were both 24 year old, Ashwini Koshta and Aneesh Awadhiya, from Jabalpur. They had studied engineering in Pune and were working at Johnson Controls as data analysts. Continue reading “A Tale of Two Road Accidents”

The Problem of Economic Growth – Part 2

I ended the previous part of this essay with:

The one factor that motivates the vast majority of people is self-interest. Self-interest is not a pathology because it’s a normal and unalterable aspect of human nature. It’s not a bug in human nature but is actually a feature. Indeed, self-interest broadly construed — enlightened self-interest — is what accounts for the advancement of civilization itself. People work hard to better the circumstances of themselves and those they care about, and in doing so advance the greater good even without intending to. This had been recognized two and a half centuries ago by Adam Smith and others.

Moving on —
Continue reading “The Problem of Economic Growth – Part 2”