Tag Archives: Capitalism

On Kerala vs. New Delhi

Ministry of External Affairs

Recently the state of Kerala has appointed its minister of external affairs (secretary in charge of matters concerning “external cooperation”, similar to the Secretary of State position in America. This would be like Texas appointing its own, instead of only the Federal government doing it from D.C.). This move has irked the union government in […]

Will Working 70 Hours a Week Make India Great?

Speaking in a recent interview the founder of IT company Infosys Mr. Narayan Murthy said, “My request is that our youngsters must say ‘This is my country I want to work 70 hours a week’,” he said, adding “this is exactly what Germans and Japanese did after the Second World War.” “I hope our corporate […]

Economics of Corruption

Corruption has been maligned by everyone as if it is something bad and has to be condemned and removed from society forever. Transparency International defines corruption as, We define corruption as the abuse of entrusted power for private gain. Corruption erodes trust, weakens democracy, hampers economic development and further exacerbates inequality, poverty, social division and […]

Our Visible World is a Giant Racket

Hollywood’s famous movie The Matrix shows that our visible world is a giant make-believe world of a matrix created by our machine overlords. The reality is something totally different than what we experience daily. The protagonist of the movie Neo is being exposed to this world of slavery by the rebel character Morpheus. He offers […]

Scarcity and Socialism

Life means reproduction and survival up to the age of reproduction. That survival requires energy that we receive by consuming various goods. There are two types of these goods. One that we use directly to satisfy our needs and second that indirectly satisfies our needs. The first one is called consumer goods and the second […]