Saturday, December 1, 2012

Impact of globalization

Policies  in an amoral democratic society will surely tend to favour the highly privileged wealthy class who protect their economic, social securities with these policies. The westernized intellectuals have no contact with the core Indian economic truths. Economic theories written in costly papers with fine binding and language that is perceived to be elite with top elitist bibliographies do not reflect the poor Indian farmer/entrepreneur/ and the average man who is pushed towards exasperation and hence suicide. For him all the doors are locked.

The pulses and cereals and even rice were bought at a nominal rate 10 years ago. One fine day the Malls came into the picture in the name of pan-Indian economic growth. They came with big warehouses. Products were stocked and the price rocketed. The farmer grows only one product. He has to buy the rest in the market. How can he buy these fine-packeted items competing with his city neighbour who is paid in thousands or even in lakhs per month?

Look at the servant class's state of affairs. The liquor shops are open till midnight and the men throw their money there. How will women buy products that are branded, marketed with brand ambassadors in a super market?

Indian elite bankers and economists come from top schools and colleges representing the upper middle class. They have not read Ruskin's 'Unto This Last' or have chosen not to read it. There is no ethical value in the current economic policies.

We expect something from the globally recognized economists of our country to take policies that will benefit even the poor people.

There is a paradigm shift taking place as every day the middle class is losing its social security and is becoming the poor class. Building great malls, constructing artificial ideas of white skin and beauty, constructing windowless glass offices, creating traffic jam every second with millions of closed cars have become symbols of super power.

Knowledgeable and wise people have to reconsider these symbols. We need visionary leaders and policy makers who will re-draft our aims as a nation.

I hope such people are still around.


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