Friday, October 17, 2008


The week that was.. : The last editorial surprised me. I have not seen such an openly biased editorial in India in a while. It's obvious that the economictimes editor is rooting for the twisted version of secularism in India, as defined by the Nehruvian polity. The totally one sided slant does not bode well, specially coming from the second most successful financial newspaper. Any which way, Business and Productivity (GDP) is moving towards the "Communally governed" states of India (latest being Nano moving to Gujarat), and I can see why Economic Times is being uncomfortable with that. Their bosses at 10, Janpath are not liking it. The silver lining for me though is, these arm-chair editors, living on crumbs thrown to them by 10, Janpath are almost always not in tune with nation's opinion. As a thumb rule, if economic times is rooting for a party X, it's opposite party Y is more likely to be beneficial for over all country.

Open Letter Season: Talking of Nano moving to Gujarat, seems like every one is falling into the "Open Letter" bandwagon. First it was Modi who sent an "open" letter to Buddhadeb and then came Ratan Tata who sent an "open" letter to people of West Bengal. Since when was sending confidential posts / mails not in vogue?

Zakaria GPS : Last Sunday on the CNN's GPS, Zakaria had some "eminent" economists on the panel. Not surprisingly majority of them had that "we-told-u-so" chip on their shoulders about the current Economic crisis. All these eminent experts almost always come out in open and give fundaes, when things go wrong and analyze something in hindsight. I find it a little amusing.
So one of these experts said, the Reagan era of free-market is over after 30 years. And he had a glee in his face, as far as I could tell.

Oh please , "OVER"? Isn't that a bit extreme? I mean this same era gave us the Microsofts, Oracles and Googles of the world!! Yes the "evil" Corporate America that makes this blog's existence possible; and GPS possible and CNN possible with 24 X 7 crap of these eminent experts!
One crisis, and the system is OVER? Oh for crying out loud. When will we stop this extreme talk. "It's over", "All has ended", "Back to Socialist format now"....

It's fair to say a System failed to plug the holes of greed of few fat cats. It's fair to say that a Design flaw was exposed. It's fair to say that we need to 'correct' the flaws; but to write off this entire Free Market, which by the way, is helping those 10 Million Chinese labors, who these bleeding hearts find so endearing? I find it a bit of a stretch. No?


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