[…] to be unable to produce a meaningful leader bringing a “change” a change like “Obama promised to bring for America”? The whole solution these politicians suggests is to vote for better leadership as it is our […]

First of all yesterday my internet connection duped me and after writing a whole summary it was lal lost,anywayz i think U.S and India forst of all has different political establishments,the presidential form and parliamentarian form,also major difference is the Two party system and multi party system,in U.S. without any doubt the two major political parties ,the republican nad democratics have very specifically etched out manifestos,but a survey into India’s major two political parties would subject out that both of the have similar stands on major issue,like financial policies ,defence strategies and external affairs,and yeah without any doubt we are a bunch of fools living in this nation who worthlessly wail out for change,now so why are there are elections in this nation,i would really feel that this nation has never voted for some national level agendas in all its independent life,in my state bihar,i never felt any other issue than caste or religion can take precedence,and i had a oppurtunity to be in gujarat and i think after godhra ,religious fundamentalism has been overlooked by people there in elections.Moving ahead to a multi party system,the reason these multi party system is flourishing in this nation is because most of the leaders of these parties are able to craete a psycholical impact in the peopel of their state that national parties won’t be able to represent their issues in the best possible way,doesn’t that sounds anti nationalist .
Talking about economic policies withouit any doubt a free will economy wa never supposed for nation like India and maybe not even for any other natuion.The important thing is at the time of independence jawaharlal nehru opted for statism ,the raeson being our plagued economic structure,poverty and agriculture backwardness,At this moment the need was fora gopvernment to come up with policies which can bind this diversifies provinces into anations,the chakbandi system,the maximum income policy,(i forgot the worth of money which was a limit,)the amount of money u can take outside because of absese of foreign reserves,clearly says that we needed a regulatory body,a vbody which helps up the poor downtrodden and illiterate of this antion as their own responsiblity,people who didn’t undestand the difference between laissez fairre economics and statism should take backseat,the govt. would look for their cause,but then system took a beating not because of fallacise in its structure but because of fallacies in the people who were integral member of that structure and mind you evry theory communism or capitalism have critics against them because each one of them expects ideal people to be a the one shouldering them,and the result was duh,there is nothing like perfect communism or capitalism anywhere,The thing is we have persisted with that statism and yeah with the economic destability in U.S.,a effecr of free will economy ,people feel persisting with statism is the answer,And talking about job oppurtunities that’s also an effect of myopic characteritic of our polity as well as masses,when india came up with this open door policy there was a revamp in economic structure foreign investment ringed in but the major reason was not in infrastructure or investment but in our service sector,we came into prominence due to our human resource and our ability of providing cheaper labour in comparison to developed nation of this world,now the mistake was we went on expecting more oppurtunities whereas at the same time we would have concentrated more on infrastructure development at our end,which would have ultimately led to job oppurtunities,so we would have to wait for some one other to take up the issue more effectively.

Today when U.S. economy has taken a beating ,all the champions of free economy are also rooting for state to play the saver and also peopel are feeling that tax collection could help market to a certain extent

talking about differences i would really like to say that america has a presidential form which we don’t and we all know that they have certain more sophisticated steps in electing their head of state,the major difference comes from the fact that america is multi Two-party system where india is multi party system,the two party sysstem,there are always major idealogical as well political difference between,the two parties,but in our nation one of the major reason why regional parties are prospering is a fear that nationa parties won’t represent them in the rightful manner,doesn’t that sentiments sounds anti-natiuonalist,toiday also in america democratics and republicans have clear cut differences over the issues,but our major two political parties ,if given a deep insight would turn up as coiciding on two major issues,economic policies and external affairs,none of the elections in our country have been fought over very fundamental issues,and i think no american state is so much caste centric as bihar,talking about economic; policies whern india got independence,jawahar lal nehru choosed statism as the only way to reel these nation out of crisis,which from viewing from a certain persepectivew was correct,reason being we were under economic crisis,statistics i don’t remember right now,but dejected per capita infome,agricultarly fatigued and with wealth plundered,and those who njoid royalty were those who were accomplice of british society,also the society earlier was fragmented and first time a nation like thing came into being,but with due cxourse of time if the politicians started plundering wealth,then the fallacy was in the nation’s democratic functionary’s understanding among ppl who remained in their petty gains and the nation lost ways,again with 1990 manmohan singh’s open door policy there was econimic revamp ,big time investments and jobs came into being,but the important reason was jobs were being created due to our human resource as a service provider not due to any iunfrastructure build up,the infrastructure build up in this antionwsa rather a effect of it,so we need to understand that in ealrier phase of development most of the politicians or economist spent most of the time soaking up the benefits rather tahn being visionary for the future so that jobs are created on our own shores,so for jobs we wuld still need to be more analytical in our policies,and talking about fee will economy,i think that’s a merely creating anarchythe nation doesn’t comprises of geeks like you who can understand every a,b,c of economics,a fee will economic would make few people powerful becausse they acn understand the science and most people fools becoz they won’t,i will tell democracy and india’s constitution are two of the world’s more organized way for a nation to prosper but yet we are here discussing all those things,why every system in world,from capitalism to communism hjas been etched out for ideal persons,capitalist who at all costs rates his labours in just the most desrving way,but then he would work his way up for corrupting the system by creating a monopoly,and communism would work if people would feel that once they got according to their needs nnow let others also harness their hard work,which would be self-defiance,and so similar would be the acse for free will,the need is for a system which doesn’t expects ideal people,which is not heirarchial in its implermentation,so that most of the steps see the sun.

@kaushal

in free economics, the corrupt one itself gets lost and punishment.

The government is to breed and safeguard corruption and that is wrong.

By the way, you are talking of 2008, a period when after Reagan whole openness and reasonability of democracy has been encroached upon by the conservative statism US is facing since long.

Until that corporate short of statism won’t be Removed, things will never improve.

and if you think that Obama can bring removal of poverty by $850 billions than its your irrationality, or if you think Hillary can bring 1 million jobs by implementing more taxes on Americans to collect $93 millions for that alone, than its loot.

Neither poverty can be removed by that nor unemployment.

India is current example for this fact.

US citizens should learn something by the failure of BJP and Congress lead Indian governments in India during the last 10 years.

Once again..
It appeared like a CAT RC to me..

with more of things bouncing over my head…

anyway..
well presented views..

wonder whether they’ll be implemented or not..

coz it requires intelligent and purposeful citizens too..

plus i support Obama.. ;-)

So want facts.

Well, February 2008 wintness biggest job cut in US. 80,000 people lost their job in just one month.

Yesterday morning my own immediate client manager (My american client with whom I am working since last 2 years as an outside consultant) get the order to put down his resignation and he was not the only one in client company.

When Fed Reserve give all liberty to financial sector then bank utilized their money in whatever best profitable way they found. The result is, they are failed miserably now. Now, its not just banking sector. All the industries across the world are affected. You can see the stock markets of the whole world to get the impact.

If you read Economist, Wall Street Journal, Forbes or Fortune kind of international business magazines, you will find most of the economist are blaming Alan Greenspan, former fed chairman and a staunch follower of Ayn Rand and market economy, for this turmoil.

Regulations are required at times. Free economy is ideal when everyone play their part without any misconduct to get the leadership. However, human beings are corrupted now and everyone want to take short cuts. That is the reason why govt. or regulatory body is required.

@Kushal
Why banks that are free to design their economy and financial system failed miserably recently?
Because there shouldn’t be a monopoly in printing money.

Any entity which has a monopoly in any field will eventually screw up its job, because it doesn’t have a market to send signals to it that its doing something wrong.

If we think government is responsible for all wrong things in economy, why companies fail in open economy like US when there is no politician in board of directors or in management team?
A company can fail, in fact companies don’t always do the right thing, so companies are suppose to fail, and eventually the company which takes the full signals from the market and act accordingly will survive.
BUT, in govt departments, there is no market to send them signals when they are ******** up, so they eventually HAVE to screwup.

An example:
Lets say you are making watches, some day you decide to make a watch with a different technique, now people find that their watches become a bit slow in a month, this is a screwup, so customers will stop buying your watches and buy from a competitor, your sales will go down and you will come to know that you are ******** up.

BUT, if you are govt monopoly in making watches, anyone who needs watches will eventually has to come down to you and buy it from you, if they run late then they will have to come to complain to you(which you can chose to listen or not), but at the end of the day if you don’t wanna rectify the problem you don’t really have to, your business is not going down, no competitor is kicking you out of your job.

@Careca
I think Obama would be better than Bush. But I still think that he will not be as competent as the “rest of the world” hope so…
Trust me Obama is no good than Bush, infact he is worst.

He has an 850 billion dollar plan to eliminate the poverty from the world.

Nothing sounds more dangerous than that.

@Arun Rafi
yeah..ecomomics shud be kept apart frm politics but sadly it is somethin tht can hardly happen in india unless it has a more of a presidential form f govt like in america rather than the ineffective coalitions..

Ten bucks that you didn’t read the post.

Why government is required?
Govt is not required at all.
We can privatize everything.

Why democracy is important?
Its not important at all, in fact democracy is simply a dictatorship of the majority.

Why most of the people think to help poor is a noble act?
Most people don’t pay from their own pocket when they are talking about helping the poor.
Helping the poor is noble, but throwing someone in jail for not helping the poor is the biggest crime.

What are the reasons according to you that has contributed in current turmoil?
What turmoil?

@kaushal
How many banks failed? And what is the effect of that failure on public? Have you got any list to mention? Or just air talks? Punjab bank and state banks were in great turmoil including reserve bank before 1992 now banking is slowly perking up.

What it has to do with companies?

A Companies failure is not every citizen’s failure, but a government’s failure is every citizen’s failure and a debt on the every citizen irrespective of rich or poor.
Democracy is important because of the right of a citizen to either to accept the failure of a collective Endeavour for which he opted or to deny it.
Government is not required in a ideal situation, to regain that ideal situation, government is acquired voluntarily, if it is forced upon via static system and compulsory taxation and levying, then it is neither democracy nor freedom.
A free market works on survival of fittest. It is reasonable.
If people wish to help the weak, it is their personal voluntary choice to be made; it can’t be forced on everyone.
Why all likes potatoes but some don’t? should everybody be forced to eat potato?

One more question….

Why banks that are free to design their economy and financial system failed miserably recently?

If we think government is responsible for all wrong things in economy, why companies fail in open economy like US when there is no politician in board of directors or in management team?

I have few questions for you.

Why government is required?
Why democracy is important?
Why most of the people think to help poor is a noble act?
What are the reasons according to you that has contributed in current turmoil?

I wish sometime you will answer them.

I think Obama would be better than Bush. But I still think that he will not be as competent as the “rest of the world” hope so…

well all i can say is power of being powerful is truely a self destructive weapon

@arun rafi

I guess you never read the whole post not you watched the attached video.

It clearly shows that america and india are suffering same way and the politicians in both countries are just irrational on economic grounds.

yeah..ecomomics shud be kept apart frm politics but sadly it is somethin tht can hardly happen in india unless it has a more of a presidential form f govt like in america rather than the ineffective coalitions..

@abhinav

we need better citizens too who won’t let politicians fool them.

A very good post.

Hope we have better leaders in the future.

Yea…These politicians somehow feel that they aren’t answerable to anyone. And its a pity that in India no one cares about that. False promises..Wasting hard earned money…And provoking religion/regional based riots is all that they manage to do.

And yes there are loads of similarities b/w the politicians worldwide but I wouldn’t do bad to say that there is a huge difference in the public opinion/sense worldover! In India the publuc is so stupid that they end up choosing criminals…illiterates!

PS: I too am included in the public on INDIA! :(

Rather than similarities between US and India, they are similarities of politicians world wide!

One tends to think that generalisations are not accurate but in the case of politicians, THEY ARE!