Bit by Bit — Tiny Steps Toward a Totalitarian Solution

No sufficiently distant goal is achieved in one big step. But take enough number of small steps in the correct direction consistently, and you are guaranteed to reach your destination.

Recall the “digital” solution that Ajit, the archetypal Bollywood villain of the past, once adopted to get rid of the hero. He told his minions that they should put the hero in a computer. Why, the puzzled minions asked. Ajit said, “Bit by bit mar jayega.

Indians are also getting that digital solution — where the means are technological and the end appears to be their total enslavement to the state. The government has all the powers that it needs to be in absolute control of what the citizens are allowed to do, what they must do, and what they must not do. It is  using those powers, bit by bit. And the citizens merely adjust to the government control of their lives without protest.

The danger is real, present and imminent. Here’s a piece I wrote for The Quint yesterday, for the record.  Continue reading “Bit by Bit — Tiny Steps Toward a Totalitarian Solution”

Ask Me Anything — The Demonetization Edition

amaMoney is important. The real economy cannot function without a stable and predictable currency. Money serves as a numéraire, which the wiki defines as “a basic standard by which value is computed . . . the numéraire is one of the functions of money, to serve as a unit of account: to provide a common benchmark relative to which the worth of various goods and services are measured.”

These days, nearly all money is fiat money issued by the central bank of an economy which is controlled (indirectly perhaps) by the government. The quantity, and therefore the “price” of money (which is the interest rate), is controlled by the central bank. Continue reading “Ask Me Anything — The Demonetization Edition”

Liberalism in India: Past, Present and Future

CCS Book Cover
Liberalism in India

The Center for Civil Society convened a day-long conference on Nov 20th at The Claridges Hotel, New Delhi, to honor the memory of S V Raju. I attended and had the opportunity to meet with many friends and also some people I had heard about but never met before.

About the event, CCS notes: Continue reading “Liberalism in India: Past, Present and Future”

Democracy and the Economics of Politics

Lord Acton“Power tends to corrupt and absolute power corrupts absolutely. Great men are almost always bad men . . .”

The truth of Lord Acton’s observation gets confirmed with sickening regularity. Here I explore that point in the context of democracy. Why do democracies, particularly those with powerful governments, tend to elect bad people? What’s the analytical relationship between power, politics, money and corruption? Continue reading “Democracy and the Economics of Politics”

India’s Prosperity is Made in India

prosperity2 I am not a fan of the Modi government’s “Make in India” advertising drive. My view is certainly unpopular. I think that advertising cannot (and must not) replace real changes in policies that could make India attractive to domestic and foreign manufacturers. As it happens, the prevailing sentiment, even among many domestic manufacturers, is that India is really a very hard place to make things. Which partly explains why so much of what’s consumed in India is made in China. So trying to woo foreign manufacturers through advertising slogans is pointless.

I wrote this piece for the July edition of India Currents. Here it is, for the record. Continue reading “India’s Prosperity is Made in India”

My assessment of Modi government

I have been a long-time supporter of Shri Narendra Modi. But I am seriously disappointed at his performance as prime minister. Certainly he has done better than his predecessor, Sonia Maino. But she’s an Italian who really did not care for India. Doing better than Sonia Maino is no achievement. I expected better than this from Modi. I think Modi’s greatest achievement so far has been political. He disarmed the Maino mafia. But I fear that there are Maino moles in the Modi management team.

Anyway, here’s a piece I wrote for the New Indian Express where I claim that India is still on the same old policy path. It was published on June 14th. I reproduce the piece here, for the record. Continue reading “My assessment of Modi government”

Speaking of Freedom of Speech

“If the freedom of speech is taken away, then dumb and silent we may be led like sheep to the slaughter.” –George Washington

The importance of the freedom of speech is underestimated by most people.

George Washington stressed the instrumental role of the freedom of speech — as a defense against oppression. But freedom of speech, like the right to be left alone, is also something of value in and of itself, even if there was no possibility of being oppressed.

I wrote this piece for India Current (June 2016 issue). I reproduce it here, for the record. Continue reading “Speaking of Freedom of Speech”