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	Comments on: Coronavirus and the State	</title>
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	<description>Economics, Freedom and Peace</description>
	<lastBuildDate>Sat, 03 Apr 2021 13:51:28 +0000</lastBuildDate>
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		<title>
		By: samir sardana		</title>
		<link>https://misesindia.in/2020/04/06/coronavirus-and-the-state/#comment-36178</link>

		<dc:creator><![CDATA[samir sardana]]></dc:creator>
		<pubDate>Sat, 03 Apr 2021 13:51:28 +0000</pubDate>
		<guid isPermaLink="false">https://misesindia.in/?p=2837#comment-36178</guid>

					<description><![CDATA[GOI has just cut the ROI on small savings 

People of Hindoosthan have to understand that GOI is bankrupt,Banks are bankrupt.Therefore,the GOI HAS TO privatise and outsource - NOT TO RAISE CAPITAL - but to DOWNSIZE STAFF FOREVER.Those Jobs will go forever. dindooo hindoo



The Methodology is Simple - Take Banks,ports,Hotels ... of GOI.`1st the GOI destroys these PSUs,by corruption and mismanagement and overstaffing - and then PAID NEWS IN THE BANIA MEDIA - HIGHLIGHTS THE &quot;OPPORTUNITY&quot; to PRIVATISE, and that the savings will be used for GAU MATA.Then comes in the &quot;INDIAN CONSULTANT&quot;, who is paid a bribe to make a PRIVATISATION RECOMMENDATION.



Then ANOTHER CONSULTANT IS HIRED,FOR RFQ/RFI/RFP,to rig the tender in favour of the pets of Chaiwala and Fat Pancho - Amit Shah.



Another SOP of Chaiwala ! Set up a sea port where there is NO SEA or an AIRPORT where a plane CANNOT LAND.So it will make losses. Losses are good,as it ENSURES THAT NO STAFF IS HIRED (which is a good excuse NOT TO HIRE).Then privatise - FOR THE REAL ESTATE.



FOR THE PSUs which are NOT privatised,the GOI INCREASES THE QUOTAS,BUT ALSO THE QUALIFICATIONS,AND THESE JOBS ARE NEVER FILLED (as the Dalits have no education and cannot pass or meet the standards). Total Job Destruction !



Then we come to the Banks,which are bust.What does the GOI do ? Demonetisation of deposits - through sleight of hand. 1st,REDUCE SAVINGS BANKS INTEREST RATES,so the BANKS GET RECAPITALISED BY PROFITS,and the POOR DEPOSITOR GETS NIL REAL INTEREST,AS THE &quot;TINA&quot; OPTION comes in.The Option is the DISASTER OF CHIT FUNDS AND CO-OPERATIVE !



By lowering bank savings interest,the govtt and corporate borrowing costs ALSO REDUCE.Corporate profits rise and the tax thereon,FLOWS TO THE GOI



SME and SME jobs ARE DESTROYED by GST and DEMO - as a part of a plan.EVEN COVID is AN OPPORTUNITY FOR THE STATE TO DESTROY SME.SME ARE A BURDEN ON POWER INFRA AND TAX INFRA.They pay No tax (GST and Profit Tax),No power,No PF,No ESI and deal in cash.All the SME business has gone to TYCOOONS,AND they are NOW PAYING TAX ON INCREMENTAL PROFITS.In the next BUDGET the TAX RATES ON THESE TYCOONS WILL BE LOWERED ! The Stock prices of these Tycoons has gone up and so has the STT earned by the GOI.SO THE DESTRUCTION OF THE SME HAS MET THE PURPOSE.



Agriculture is doomed.All inputs rate are up and farm gate prices are the same or lower.There is NO MSP in India.THE GOI HAS NO MONEY.THE GOI finds ingenious ways to,NOT PAY MSP.AI and Farm tebchology will DESTROY 90% OF INDIAN FARMERS.THEY ARE NOT REQUIRED ! ALL THAT THEY PRODUCE,CAN BE IMPORTED,AT HALF THE COST.THERE ARE NO JOBS FOR FARMERS - AS THEY HAVE NO EDUCATION OR SKILLS.THIS HUGE DISASTER WILL LOWER LABOUR COSTS (FOR THE BENEFIT OF TYCOONS)



Because of the LOOT of the BANIAS and MARWARIS over 70 years, EDIBLE OIL IS IMPORTED AT 100% DUTY,AND THERE IS A 200% TAX ON DIESEL ! And that is Y the savings banks rates,will go to NEAR ZERO - as the GOI needs the DUMB INDIANS,TO LEND MONEY AT ZERO RATES OR NEGATIVE REAL INTEREST RATES.



The RBI model is simple ! Con the DUMB INDIANS to put the money in banks (at close to zero rates),tax the interest,AND THEN LET THE BANIA COMPANY LOOT THE BANKS VIA LOANS AND PAY OFF THE NETAS.Y do the DUMB INDIANS put the money into banks ? Simple ! RBI has ensured that ALL OTHER OPTIONS ARE EITHER DISASTER (FRAUD) OR NO SECURED BENEFITS OR MUCH LOWER RATES.



The Last STEP of Chaiwala will be RETAIL.That will WIPE OUT THE BANIA SHOPKEEPERS AND BRING THE RETAIL PROFIT IN THE TAX NET !The excuse will be,that IT WILL RAISE FARM GATE PRICES !



NET CONCLUSION - THERE WILL BE NO GOVTT JOBS AND THERE WILL NO PRIVATE JOBS FOR THE SEMI SKILLED AND LOWER SKILLED PERSONS.



I do not blame Chaiwala - He has NO CHOICE ! And nor does Rakesh Tikait - except that Tikait does NOT REALISE that MSP is NOT the solution ! AGRI IS DOOMED - BY AI AND TECHNOLOGY - SOLUTION IS PARTITION !



If farmers get higher rates and higher yield,the GOI takes it back in the form of fertiliser and other prices (which lowers the subsidy bill).OUT OF ALL THE MONEY SAVED BY THE CHAIWALA - by KILLING THE JOBS,the farmers are paid a monthly dole of Rs 1000,AND THE FARMERS ARE MIGHTY THRILLED.dindooohindoo]]></description>
			<content:encoded><![CDATA[<p>GOI has just cut the ROI on small savings </p>
<p>People of Hindoosthan have to understand that GOI is bankrupt,Banks are bankrupt.Therefore,the GOI HAS TO privatise and outsource &#8211; NOT TO RAISE CAPITAL &#8211; but to DOWNSIZE STAFF FOREVER.Those Jobs will go forever. dindooo hindoo</p>
<p>The Methodology is Simple &#8211; Take Banks,ports,Hotels &#8230; of GOI.`1st the GOI destroys these PSUs,by corruption and mismanagement and overstaffing &#8211; and then PAID NEWS IN THE BANIA MEDIA &#8211; HIGHLIGHTS THE &#8220;OPPORTUNITY&#8221; to PRIVATISE, and that the savings will be used for GAU MATA.Then comes in the &#8220;INDIAN CONSULTANT&#8221;, who is paid a bribe to make a PRIVATISATION RECOMMENDATION.</p>
<p>Then ANOTHER CONSULTANT IS HIRED,FOR RFQ/RFI/RFP,to rig the tender in favour of the pets of Chaiwala and Fat Pancho &#8211; Amit Shah.</p>
<p>Another SOP of Chaiwala ! Set up a sea port where there is NO SEA or an AIRPORT where a plane CANNOT LAND.So it will make losses. Losses are good,as it ENSURES THAT NO STAFF IS HIRED (which is a good excuse NOT TO HIRE).Then privatise &#8211; FOR THE REAL ESTATE.</p>
<p>FOR THE PSUs which are NOT privatised,the GOI INCREASES THE QUOTAS,BUT ALSO THE QUALIFICATIONS,AND THESE JOBS ARE NEVER FILLED (as the Dalits have no education and cannot pass or meet the standards). Total Job Destruction !</p>
<p>Then we come to the Banks,which are bust.What does the GOI do ? Demonetisation of deposits &#8211; through sleight of hand. 1st,REDUCE SAVINGS BANKS INTEREST RATES,so the BANKS GET RECAPITALISED BY PROFITS,and the POOR DEPOSITOR GETS NIL REAL INTEREST,AS THE &#8220;TINA&#8221; OPTION comes in.The Option is the DISASTER OF CHIT FUNDS AND CO-OPERATIVE !</p>
<p>By lowering bank savings interest,the govtt and corporate borrowing costs ALSO REDUCE.Corporate profits rise and the tax thereon,FLOWS TO THE GOI</p>
<p>SME and SME jobs ARE DESTROYED by GST and DEMO &#8211; as a part of a plan.EVEN COVID is AN OPPORTUNITY FOR THE STATE TO DESTROY SME.SME ARE A BURDEN ON POWER INFRA AND TAX INFRA.They pay No tax (GST and Profit Tax),No power,No PF,No ESI and deal in cash.All the SME business has gone to TYCOOONS,AND they are NOW PAYING TAX ON INCREMENTAL PROFITS.In the next BUDGET the TAX RATES ON THESE TYCOONS WILL BE LOWERED ! The Stock prices of these Tycoons has gone up and so has the STT earned by the GOI.SO THE DESTRUCTION OF THE SME HAS MET THE PURPOSE.</p>
<p>Agriculture is doomed.All inputs rate are up and farm gate prices are the same or lower.There is NO MSP in India.THE GOI HAS NO MONEY.THE GOI finds ingenious ways to,NOT PAY MSP.AI and Farm tebchology will DESTROY 90% OF INDIAN FARMERS.THEY ARE NOT REQUIRED ! ALL THAT THEY PRODUCE,CAN BE IMPORTED,AT HALF THE COST.THERE ARE NO JOBS FOR FARMERS &#8211; AS THEY HAVE NO EDUCATION OR SKILLS.THIS HUGE DISASTER WILL LOWER LABOUR COSTS (FOR THE BENEFIT OF TYCOONS)</p>
<p>Because of the LOOT of the BANIAS and MARWARIS over 70 years, EDIBLE OIL IS IMPORTED AT 100% DUTY,AND THERE IS A 200% TAX ON DIESEL ! And that is Y the savings banks rates,will go to NEAR ZERO &#8211; as the GOI needs the DUMB INDIANS,TO LEND MONEY AT ZERO RATES OR NEGATIVE REAL INTEREST RATES.</p>
<p>The RBI model is simple ! Con the DUMB INDIANS to put the money in banks (at close to zero rates),tax the interest,AND THEN LET THE BANIA COMPANY LOOT THE BANKS VIA LOANS AND PAY OFF THE NETAS.Y do the DUMB INDIANS put the money into banks ? Simple ! RBI has ensured that ALL OTHER OPTIONS ARE EITHER DISASTER (FRAUD) OR NO SECURED BENEFITS OR MUCH LOWER RATES.</p>
<p>The Last STEP of Chaiwala will be RETAIL.That will WIPE OUT THE BANIA SHOPKEEPERS AND BRING THE RETAIL PROFIT IN THE TAX NET !The excuse will be,that IT WILL RAISE FARM GATE PRICES !</p>
<p>NET CONCLUSION &#8211; THERE WILL BE NO GOVTT JOBS AND THERE WILL NO PRIVATE JOBS FOR THE SEMI SKILLED AND LOWER SKILLED PERSONS.</p>
<p>I do not blame Chaiwala &#8211; He has NO CHOICE ! And nor does Rakesh Tikait &#8211; except that Tikait does NOT REALISE that MSP is NOT the solution ! AGRI IS DOOMED &#8211; BY AI AND TECHNOLOGY &#8211; SOLUTION IS PARTITION !</p>
<p>If farmers get higher rates and higher yield,the GOI takes it back in the form of fertiliser and other prices (which lowers the subsidy bill).OUT OF ALL THE MONEY SAVED BY THE CHAIWALA &#8211; by KILLING THE JOBS,the farmers are paid a monthly dole of Rs 1000,AND THE FARMERS ARE MIGHTY THRILLED.dindooohindoo</p>
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		<item>
		<title>
		By: Mises India		</title>
		<link>https://misesindia.in/2020/04/06/coronavirus-and-the-state/#comment-701</link>

		<dc:creator><![CDATA[Mises India]]></dc:creator>
		<pubDate>Wed, 08 Apr 2020 05:15:57 +0000</pubDate>
		<guid isPermaLink="false">https://misesindia.in/?p=2837#comment-701</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://misesindia.in/2020/04/06/coronavirus-and-the-state/#comment-700&quot;&gt;Abhi Arjun&lt;/a&gt;.

Tell your friends to read Murray Rothbard&#039;s book, Anatomy of the State to understand what the State is. An Anarcho-Capitalist society will be a society of private property regime so virus spreading rapidly is very unlikely. Remember, it was the Modi government who brought virus in India by air lifting Indians and then not isolating them. Private airline companies will start screening their passengers and exclude anyone with the virus. I am sure science will be far advance and focused on humans, and not state military needs, so such things won&#039;t be difficult. We can only imagine other quick responses. 

If virus comes from government military labs then we will have no fatal viruses in a private law society. If virus comes from nature then private laws will conserve forest so no human population can go in it to destroy it and get close to unknown viruses. Many such things can happen. Again, imagination is only limitation.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://misesindia.in/2020/04/06/coronavirus-and-the-state/#comment-700">Abhi Arjun</a>.</p>
<p>Tell your friends to read Murray Rothbard&#8217;s book, Anatomy of the State to understand what the State is. An Anarcho-Capitalist society will be a society of private property regime so virus spreading rapidly is very unlikely. Remember, it was the Modi government who brought virus in India by air lifting Indians and then not isolating them. Private airline companies will start screening their passengers and exclude anyone with the virus. I am sure science will be far advance and focused on humans, and not state military needs, so such things won&#8217;t be difficult. We can only imagine other quick responses. </p>
<p>If virus comes from government military labs then we will have no fatal viruses in a private law society. If virus comes from nature then private laws will conserve forest so no human population can go in it to destroy it and get close to unknown viruses. Many such things can happen. Again, imagination is only limitation.</p>
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		<item>
		<title>
		By: Abhi Arjun		</title>
		<link>https://misesindia.in/2020/04/06/coronavirus-and-the-state/#comment-700</link>

		<dc:creator><![CDATA[Abhi Arjun]]></dc:creator>
		<pubDate>Wed, 08 Apr 2020 01:37:04 +0000</pubDate>
		<guid isPermaLink="false">https://misesindia.in/?p=2837#comment-700</guid>

					<description><![CDATA[Well written!.  Lets say  fatality rate is 90% instead of 0.1%, in such case how does Anarcho-capitalist society would survive?  We need government to intervene shouldn&#039;t we? 

By the way, on a side note, when I forwarded this article to my friends, many thought that term &#039;state&#039; represents the actual states (Maharashtra, Kerala etc) and not the central government :-)]]></description>
			<content:encoded><![CDATA[<p>Well written!.  Lets say  fatality rate is 90% instead of 0.1%, in such case how does Anarcho-capitalist society would survive?  We need government to intervene shouldn&#8217;t we? </p>
<p>By the way, on a side note, when I forwarded this article to my friends, many thought that term &#8216;state&#8217; represents the actual states (Maharashtra, Kerala etc) and not the central government 🙂</p>
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		<title>
		By: Sasy Kumar		</title>
		<link>https://misesindia.in/2020/04/06/coronavirus-and-the-state/#comment-658</link>

		<dc:creator><![CDATA[Sasy Kumar]]></dc:creator>
		<pubDate>Mon, 06 Apr 2020 13:28:38 +0000</pubDate>
		<guid isPermaLink="false">https://misesindia.in/?p=2837#comment-658</guid>

					<description><![CDATA[State of the nation/world : an excellent / succinct  summation !!]]></description>
			<content:encoded><![CDATA[<p>State of the nation/world : an excellent / succinct  summation !!</p>
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		<title>
		By: Mises India : This Pandemic Is a Good Time to Wake Up to the State&#039;s Utter Impotency - Indian Liberty Report		</title>
		<link>https://misesindia.in/2020/04/06/coronavirus-and-the-state/#comment-653</link>

		<dc:creator><![CDATA[Mises India : This Pandemic Is a Good Time to Wake Up to the State&#039;s Utter Impotency - Indian Liberty Report]]></dc:creator>
		<pubDate>Mon, 06 Apr 2020 10:06:39 +0000</pubDate>
		<guid isPermaLink="false">https://misesindia.in/?p=2837#comment-653</guid>

					<description><![CDATA[[&#8230;] By Madhusudan Raj on the Mises India Blog [&#8230;]]]></description>
			<content:encoded><![CDATA[<p>[&#8230;] By Madhusudan Raj on the Mises India Blog [&#8230;]</p>
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