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 […]
Tag Archives: Capitalism
16
Nov
Nov
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 […]
31
Jul
Jul
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 […]
07
May
May
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 […]
12
Mar
Mar
The former governor of RBI and the chief economist of IMF Dr. Raghuram Rajan recently told BBC that, I think capitalism is under serious threat because it’s stopped providing for the many, and when that happens, the many revolt against capitalism. He said governments cannot afford to ignore social inequality when considering the economy. Is […]
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