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December 27 - December 29, 2019
The term ‘License Raj’ was coined in the 1950s by C. Rajagopalachari, who predicted the corruption and inefficiency that was to follow.
Krishna cynically dubbed the poor economic performance as the ‘Hindu rate of growth’. In other words, India’s cultural and religious traditions were at fault and not economic policies.
intellectual and institutional framework of the Nehruvian project was not systematically replaced. Academia remains in the firm grip of the old mindset.
two-thirds of jail inmates are undertrials who are being forced to live in jail as they cannot afford bail or do not have the legal support to apply for it.
self-restraint is the single most important attribute in a king. In
His view would be that every complication breeds corruption.
it is time to revisit Kautilya. After all, it was he who created a large, well-functioning empire, while Ashoka presided over its disintegration.
focus from birth control to other issues like infant mortality. Second, long-term schemes like pension systems must anticipate a time when the old population will be expanding much faster than the youth population.
Population may keep growing until mid-century, owing to rising longevity, but, reproductively speaking, our species should no longer be expanding.
Its dominance is driven by the fact that it saves and invests almost half of its eleven trillion economy.
India’s intellectual establishment remained, and still largely remains, wedded to the idea that Nehru’s socialist economic model was essentially good;
India’s first prime minister also benefited from the fact that all other leaders who could have provided different visions died soon after Independence: Mahatma Gandhi, Sardar Vallabhbhai Patel, Syama Prasad Mookerjee and B.R. Ambedkar (controversy still rages on what happened to another alternative, Subhas Bose).
The answer lies in the near total dominance of all intellectual institutions by the Left.
am no fan of the argumentative Indian; much prefer the Indian who gets things done.
In ancient times, India ran a large trade surplus with the Roman empire. As Pliny wrote in the first century, not a year passed in which India did not take fifty million sesterces away from Rome. That trade imbalance implied a continuous drain on gold and silver coins, causing shortages of these metals in Rome. In modern terms, the Romans faced a monetary squeeze.
emerged as a superpower following its conquest of South America. Between 1501 and 1600, seventeen million kilograms of pure silver and 181,000 kilograms of pure gold flowed from the Americas to Spain,
China attempts to move up the value chain into services and adjusts to a shrinking workforce, its investment requirements shrink, and its investment rate will fall sharply.
US Treasury Secretary, Lawrence Summers asserted that public investment really is a free lunch,
China dominates global investment because it saves and invests nearly half of its 10.5 dollar trillion economy.
East
Asia has successfully developed using a Confucian approach: the political leadership’s main role is to impose order so that the civil service can deliver public services efficiently.
Karma:
Dharma:
Manthan:
success is measured by the ability to absorb the negative and adapt to take advantage of the positive.
Rule of Law:
