Jun 08, 2023
Jun 08, 2023
India is now divided into four distinct classes of people.
The rise of the IT industry paved the way for fat salaries in the private sector and the govt. under pressure from its own bureaucrats was compelled to loosen its purse strings for its countless employees recruited during the years of misguided socialism.
Disposable incomes grew for the bulk of people comprising the third category. But the government was ill prepared to cope with the rising aspirations.
Theories of economics are good for academic purposes. The test of brilliance of any economist lies in the successful implement theories in a practical and changing set of circumstances.
Dr.. Manmohan Singh has failed miserably. The pot of discontent is boiling hard and loud. It is another thing that the sound is not reaching his ears. But he has his own compulsions; compulsions of being a non entity in the party and the eyes of the first category of people, to be blamed and cast away in the near future; though the Congress has a history of rewarding incompetent people! Besides the regional satraps aka subedars are too strong to understand economic theories that benefit the nation. Dr. Manmohan Singh neither has the charisma or national standing or political vision or ability to implement economic theories and and stem the rot and provide good governance, having been appointed, not elected.
These satraps are the strongmen of the Congress or their supporting parties who do as they wish, knowing that Mrs. Sonia Gandhi or the PM can do them no harm without harming themselves and the Congress party.
Under such conditions, good governance, or reforms or economic theories be damned. If Sugar is lying at the ports, or food prices going through the roof it's nobody's business. The public can shout themselves hoarse and the fragmented opposition may stall proceedings of the house for all they care.
They satraps are the cancer cells of the nation. The nation will have to wait for them to pass away in a couple of years. It took almost 80 years, after the Bolshevik revolution, for a beginning to be made in Russia.
More by : Ravinder Malhotra