Dr Subramanian Swamy is a Genuine Indian Hero

There’s no doubt in my mind that what India needs is a dozen Dr Subramanian Swamys. One Dr Swamy is definitely not enough. Why? Because the garbage which needs taking out cannot be done by one person, however brilliant, hardworking and committed. But for now, let us thank our lucky stars that India has Dr Swamy at least. He has the nature of a warrior, a karma yogi. But he is also a gyan yogi. With that said for the record, I would like to share with you a few videos of his you must watch.
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Vir Sanghvi is not a Brain-dead prick

My friend sent me a link to a Vir Sanghvi column in an email with the subject line “Vir Sanghvi is a brain-dead prick.” Surely, I said, my friend exaggerates. Not brain-dead, I thought. The fact that the fellow is a major TV and newspaper journalist, I supposed that he knows how to write and talk, and therefore could not be brain-dead. But then I made a mistake. I read his column, “Setting the record straight.”
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Happy Thanksgiving

The most American of holidays — Thanksgiving — is also my favorite among the holidays of the Western tradition. Let’s forget for a moment when and why this tradition started, and just use this holiday to remember that we all have something to be thankful to the universe for.
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The King of All Telecom Scams — Part 6

[Previously in the series: Part 1, Part 2, Part 3, Part 4, Part 5.]

“Oh! what a tangled web we weave; When we first practice to deceive,” lamented Sir Walter Scott. I suppose the web of deceit becomes less tangled with practice. Politicians and their handlers — I am talking about the likes of Niira Radia, Vir Sanghvi and Barkha Dutt — have over the decades gained such sophistication and finesse that they weave elegant webs of deception worthy of stunned admiration. Gone are the days when a few million dollars quietly taken from the public till was sufficient cause for massive public outrage. Now the sheer awfulness of the crime has transcended human comprehension.
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Release the CBI tapes to the Public Domain

“The CBI on Monday told the Supreme Court (SC) that it has in its possession 5,851 call recordings, many of them 30-40 minutes long, of corporate lobbyist Nira Radia with various people,” says DNA. I propose that these recordings be published on the web immediately. Why?
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Being PC to the Point of Idiocy

I got to know of a seminar today at UC Berkeley. “Bioengineering Advances for Economically Disadvantaged Societies” by Prof Boris Rubinsky. The title of the talk bugs me no end. In what way is “economically disadvantaged” an improvement on the plain English word “poor”?
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The King of All Telecom Scams — Part 5

[Previously in this series: Part 1, Part 2, Part 3, Part 4.]

There’s a saying in Hindi. “Raja vyapari toh praja bhikari.” If the ruler involves himself in business, the citizens are reduced to begging. Good old fashioned down to earth practical wisdom. Astonishing isn’t it that a people whose ancestors include Kautilya are reduced to such a sorry state that they allow the government to mess around in business and they don’t even understand that to be the cause of their immiserization. It’s something of a mystery. Well, not really. There are plausible explanations of how this came to be. For now, let’s look at the telecom scam and the press has been reporting on it. If you know the details already, there’s nothing new for you in this post.
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The King of All Telecom Scams — Part 4

[Previously in this series: Part 1, Part 2, Part 3.]

To the rather distinguished list of superlatives about India — the largest democracy, etc. — we can add “India is the largest banana republic in the world.” The Wikipedia notes that “the purpose of a banana republic is commercial profit by collusion between the State and favoured monopolies, whereby the profits derived from private exploitation of public lands is private property, and the debts incurred are public responsibility.” Generalize “public lands” in there to mean “public resources” and you have a pretty good description of what we have going on in India.
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The King of All Telecom Scams — Part 3

[Previously in this series: Part 1, Part 2.] Human behavior is complex and appropriately so since humans are complex entities. It is hard to analyze, understand and predict how people will behave in general. Compare that to inanimate matter. Basic laws of thermodynamics, a few laws of motion, a few conservation laws — and you pretty much know what to expect. Still there is one useful generalization about humans which goes a long way in explaining how we behave: we respond to incentives. Most simply (and perhaps simplistically) stated, carrots and sticks matter.
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The King of All Telecom Scams — Part 2

[Follow up to Part 1.] We will examine two issues now. Who actually pays for the spectrum? And, the nature of competition in the market as opposed to competition for the market. Later we will examine the notion of multiple equilibria and what the social welfare consequences of multiple equilibria are.
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