Warren Buffett: “Our Country Has Faced Far Worse Travails”

Warren Buffett is an extraordinary man. His annual letter to Berkshire Hathaway share-holders is worth reading even if you aren’t one. Here’s an excerpt (below the fold) from an edited version of the letter published in Newsweek: Our Country Has Faced Far Worse Travails. Continue reading “Warren Buffett: “Our Country Has Faced Far Worse Travails””

Democracy and Elections

Elections are the most visible of the external trappings of the institution called democracy. Democracy, like other important institutions that support a liberal civil society, has an inside structure — a deep back-end — that is not visible. What you see is definitely not all that there is. There is an internal structure to this institution without which it is only a facsimile and not the real object. It could be a cargo-cult democracy.
Continue reading “Democracy and Elections”

An Urban Voter’s Manifesto

We are urban Indians and we number around 400 million. Our aspirations are principally related to working hard for a living, caring for our families, educating our children, and being good and responsible citizens.

As an urban Indian, I will vote for a party that promotes the values that matter to my country, my family, and me. I address this open letter to the political parties who seek my vote in the upcoming elections. Drop me a line if you can credibly demonstrate that you share the concerns and values that we have.
Continue reading “An Urban Voter’s Manifesto”

Solutions worse than the problems

government_solutions

[Hat tip: Jayant]

It’s true, isn’t it, that we need less government solutions to government created problems. If only, lord if only, the government would get out of interfering in society.

On a lighter but related note, I am reminded that sometimes the explanation for an error makes the action less excusable. The story goes that the court jester was in a playful mood. Seeing the king bending over, he runs up and places a swift kick in the royal derriere. Livid with anger, the king demands, “What the hell do you think you are doing, you fool?” The jester says, “Oh pardon me, your royal highness. I thought it was the queen.”

Announcements: Indicore, and Ashoka Changemakers

Indicore in the process of accepting applications for their August 2009 Fellowship. Their application deadline is March 15th. More details below the fold.

Ashoka Changemakers are launching an online competition to search for system-changing innovations in agriculture and rural development. “Cultivating Innovation: Solutions for Rural Communities” is hosted at Changemakers.net. Details below the fold.

This public service announcement bought to you through a generous grant from the Xyzzy Foundation and is made possible by support from readers like you.
🙂
Continue reading “Announcements: Indicore, and Ashoka Changemakers”

Manufacturing Wealth: The Economics of Urbanization

That’s the title of the course I am conducting at the Indian School of Business, Hyderabad. It is a small class of about 15 students. It’s a half-credit elective in the final term of the year.

We have had two lectures so far. I am having fun — which is another way of saying that I am learning quite a bit. I think I will share some of what I have learned on this blog in the next few weeks.
Continue reading “Manufacturing Wealth: The Economics of Urbanization”

Slumlord Billionaire

There’s an interesting news article in the Times of India, “Congress counts 8 Oscars as part of UPA `achievements’” (Hat tip: Sudipta Chatterjee.)

Keen to be part of the euphoric `Slumdog’ bandwagon, Congress has counted the eight Oscars as part of the UPA’s `achievements’. The party lost no time in claiming credit for the `Indian triumph’ and hinted that good times had come with the UPA government.

Danny Boyle is not Indian though the slums most certainly are. So I suppose anyone claiming credit for the Oscars won by a movie set in the Mumbai slums is proudly displaying their role in creating the slums that made the movie possible.
Continue reading “Slumlord Billionaire”

OpenThread: Your turn to speak

It’s been a while since we had an open thread for readers to give feedback. So here’s an opportunity for you if you have something to say. I have never deleted any comment merely because I don’t agree with an opinion. The only time I delete comments is when it is clearly spam, totally irrelevant or is abusive.

Say what you will. And stop lurking.

A great rant from The Agitator.com

A well-written rant warms the cockles of my heart. And when the rant is against gross stupidity, crass ignorance, and idiot politicians pandering to the mindless bigotry of the public, I feel envious and wish I had written it. Here’s one for you — A Letter I’d Like to See (But Won’t) — if you like that sort of thing. But first, the background:

The Olympic swimming sensation Michael Phelps, who was photographed inhaling from a marijuana pipe, has lost a major sponsorship deal and has been suspended from competition for three months. [Feb 5th, NY Times]

Below the fold is an extended excerpt from the rant, for the record: Continue reading “A great rant from The Agitator.com”