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Monday, May 9, 2011

Creating Wealth

History shows that where ethics and economics come in conflict, victory is always with economics. Vested interests have never been known to have willingly divested themselves unless there was sufficient force to compel them. ---B. R. Ambedkar

1% has been hoovering up an ever greater share of the nation's wealth. Why ?

The “seeds of decay” lay in the “disparity between rich and poor” that is growing fast in the country until middle class redefine it's role. Which is much what Chomsky states : Modern "democratic" governments exist to protect their sponsors not their people.

Is it really true that media has become the agency of politicians and burglars ? News channel works as ferocious disinformation machine aimed at convincing people to vote against their financial interests. James, Dresden has quoted : When a well-packaged web of lies has been sold gradually to the masses over generations, the truth will seem utterly preposterous and its speaker a raving lunatic.

There seems to be a disconnect between our professed love of democracy. There is no outrage or even movement to oppose a dictatorship at work place. Until things get so bad that people can do nothing but protest, and then those are called revolutions. Democracy? Freedom? What the hell are you talking about? You can't have either when you have fractional economics in a society run on debt!

People have to fight for the most basic things in the life. When intelligent people cheat the masses by complex arrangements and shady deals, the masses will move towards a propaganda and slogan politician.

Redistribution is a stupid way to reduce inequality. Robbing A to pay B makes inequality persist. The correct  way to reduce inequality is to create jobs that allow B to earn his income. Do easy consumer credit and a belief in social mobility have reduced the clamor for wealth redistribution ?

Currently, there is no visible alternative economic system that beats capitalism for delivering the most wealth, happiness and fulfillment to the most people. The mechanisms whereby power is thwarted from a centralized system and redistributed, is a necessary component of a fair and representative political system.

Globalization – essentially embracing the opening of all frontiers to the free movement of capital and merchandise, but not labour. The moral undesirability of state interference in any way, and the political incapacity of the states to interfere in business will led to the free market where big players will dominate the scene. The road to free market will fail this country. Capitalism has failed just as spectacularly as Communism. There is a genuine need for a real Third Way.

“Men are born entrepreneurs not job seekers. By seeking job he is giving chance to a system to make him poor.” ‎-Muhammad Yunus

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