Skip to main content

Capitalism Redux

This is definitely an instance of capitalism in full bloom when brothers fight a battle in the Supreme Court of India to get richer.

The natural resources of a nation should benefit the people of the country. The entrepreneurs who help to harness those resources also deserve their fair share of benefit.

The problem arises when investors try to get access to the resources on the cheap and then proceed to derive extraordinary benefits from them without commensurate benefits accruing to the people.

Telecom licenses and spectrum are no less of a national resource than natural gas in today's world.

Inevitably, it appears that the awarding of licensing did not happen in as transparent a manner as it could have. The CBI is trying to find out if any wrongdoings were committed but it's hamstrung by the barriers that surround its functioning.

It's disgusting to see senior functionaries - old people basically - trying to make money using underhand means. I guess it's difficult to resist money when an opportunity presents itself to earn huge amounts of it.

No amount of changes to the statutes can take care of this malaise as it's a moral issue more than anything else.

When people are willing to do the wrong thing when they don't see any danger in so doing, they will find a way to do so.

Comments

Popular posts from this blog

Sarah Kay's poem from TED

If I should have a daughter, instead of mom, she's going to call me Point B,

because that way she knows that no matter what happens, at least she can always find her way  to me.
And I am going to paint the Solar Systems on the backs of her hands, so she has to learn the entire universe before she can say 'Oh, I know that like the back of my hand'
And she's going to learn that this life will hit you, hard, in the face, wait for you to get back up, just so we can kick you in the stomach but getting the wind knocked out of you is the only way to remind your lungs how much they like the taste of air.

Top 10 Crazy Facts About India

Here's a random list of things. 1.Indians sometimes prefer to abort a fetus if they find out that it's female. (Or they just kill the new born baby after it's born.) 2.There are more than 20 million babies born in India. EVERY. SINGLE. YEAR. 3.Child labor is so commonplace in India that few notice it or consider it out of the ordinary. Kids work as waiters or dishwashers in roadside restaurants. Sometimes, kids ferry tea to the local police station from a nearby roadside tea stall. 4.Massive numbers of kids and younger and adult women are employed as maids in middle class to rich households. Middle class houses might pay 200 rupees to a female who comes and washes the dishes. Rich houses might employ women permanently by paying them more. 5.Cars in the Indian cities are washed in the morning by car-washers who tend to be young men who get paid around 100 to 200 rupees per month for this service. 6.India is home to some crazily competitive exams. The IIT JEE and the IIM CAT have …

Edward Snowden

This seems to me to be the defining journalism-whistle-blower story of this generation. It's rare in today's world when privileged people voluntarily choose to take steps whereby they give up comfortable lives to do something that is in the 'public good.' Mr. Snowden was clearly a computer whiz which explains why he got jobs at the CIA (including postings in Geneva under diplomatic cover). Booz Allen obviously did not hire him or pay him the $1,20,000 salary without Mr. Snowden showcasing some considerable technical expertise. I believe Mr. Snowden's expertise probably lies in having deep expertise in various flavors of Linux. That is what I am inclined to infer from his various job roles as a 'Systems Engineer' or 'System Administrator.' Being the self-driven sort of person that he was, I am sure he must be having good knowledge about networking and encryption stuff including but not limited to Cisco routers and related technologies. To put these t…