Indian government is seeking for a loan of $4.2 Billion from World Bank to recapitalize Indian banks.^[1] It suggests that the two economic stimulus yet provided by government to remove liquidity crisis have failed in providing any desired result.
We explained why any sort of governmental economic stimulus would be nothing but a waste.^[2] Now when time has proven that the idea of stimulus seriously is a failure and does not help, how logical is the idea of government to take loans and debt from World Bank to solve liquidity crisis^[3] ?
Why does a government even think of solving any such crisis when it is quite clear that any such crisis is just the symbol of non-productive-activities and malinvestment?
May be the reason is, if there is government it must do things to solve the situation, it must do something to ease out the crisis. It is the Placebo Affect, we know government can do nothing, yet people want government to do something, and whatever government will do, will hurt Indians further.
If India suffers the repercussions of economic meltdown, then what good government has been staged for, why should not government save Indian industries and Indian Jobs? No body really think that it is only the Indian government and the governments abroad which caused those economic bubbles and then the bubble bursts.
People think government is God or some sort of magician with special wand, the ministers will waive their magical wand and all economic problems will solve out.
Alas! It does not work so. Government is neither a god nor a magician, though it is a monster that we keep feeding on.
In Parliament during the revelation of Interim Budget, P. Chidambaram announced Farm debt worth Rs 65,300 crores waived. Question is whose money it was.
Government did not produce that money, we the tax-payers produced it with our hard-work, within minutes government distributed it, and we have no way to know who the actual beneficiary of that money is.
How can we inquire about the farmers in those loan lists that are enjoying or will enjoy the loan waivers? Were they really needy of a waiver? What about those honest farmers who despite of all difficulties paid their loans back, will not they feel cheated?
If governmental interference is really helping agriculture and farmers, why are farmers committing suicides then? What if all those who are gaining from those loan waivers are government supported politicians and their relatives and workers? There is no way to check if it is just a simple fraud, another governmental swindle. Government’s water subsidies and agriculture subsidies have already caused havoc.^[4]
The loan Indian government is seeking for from World Bank will again increase the always increasing debt on us, the individual of India; we will have to pay it back through increased taxes and more, and it is quite probable that the same money will be used to cull our freedom further or punish us back more.
Yet government has to do something to solve the economic problems, irrespective of the fact that government has no solution, though any governmental interference will further increase the problems.
We already suffered two so-called economic stimuli worth Rs4000 crores until now, and now this additional World Bank loan of $4.2 billion will increase the pressures, Rs653000 crores of loans waiver is also nothing but an unnecessary bailout.
Government takes such steps to maintain the idea that it is working to solve poor man’s problem, that it is doing enough to protect Indian citizens and hence citizens should again vote the government to rule over for another term, and the voters, the citizens do votes again to choose a government, the similar monster, ready to suck citizens blood again through the conduits of taxation and subsidies.
Government in actual terms is an unwanted liability, a loosing business, a matter of loss. Apart from issue of fiscal deficit, ET^[1] informs us about the extent of debt, the government’s total outstanding debt would reach 77.9 percent of GDP this year, can we say even now that India is a sovereign country, specially when it is drowned deep till neck under the debts, and we are the sacrificial goats who will pay these debts back! I wonder when Indians will leave such rituals of self-sacrifice, for no benefits but just loss.
We certainly need to limit government, government spending and wastage^[5] , governmental plans, taxation and subsidies^[6] and governmental right to interfere with market; otherwise, soon this loosing venture named as “Government” forced on us through constitution will make us succumb under its weight.

1. Govt. seeks $4.2 bn funds from World Bank, Economic Times [↩] [↩]
2. Economic Crisis and Fiscal Stimulus, Reason for Liberty [↩]
3. Government help for economic crisis, Reason for Liberty [↩]
4. GM genocide, Reason for Liberty [↩]
5. Govt. wasting $50 bn on major irrigation, Times of India [↩]
6. will subsidies solve the crisis, Reason for Liberty [↩]