Take a look at this news item below : An engineer friend of mine this morning forwarded it to me and exclaimed in confounded astonishment! “This is very difficult to comprehend! A food delivery company which went public only a year ago is valued more than ONGC!!” It astonished me too but I was notContinue reading “Why is the Zomato Company’s delivery-man more valuable than the giant ONGC’s expert engineer?”
Tag Archives: capitalism
Which is the more beautiful word: “Tariffs” or “Trickle-down”?
For over 30 years America believed that globalisation and free-market economics would succeed in making America Great — through “trickle down” theory of wealth distribution at home and in converting China into a liberal-democratic manufacturing vendor-colony. As the Chinese guy in the video-clip rightly explains, it didn’t quite work out that way . “American 1-percenters” , the greedyContinue reading “Which is the more beautiful word: “Tariffs” or “Trickle-down”?”
Why both Meta and I think Prime Minister Modi is very naive and over-ambitious about the AI Revolution
I sat down with Meta to have a long but such an engrossing conversation on what PM Modi said in his speech at the World AI Summit held in Paris yesterday 11th February 2025. Below is the transcript: DISCLAIMER: I am not a Luddite but I like to believe I’m always for the underdogs ofContinue reading “Why both Meta and I think Prime Minister Modi is very naive and over-ambitious about the AI Revolution”
“American Exceptionalism” in U.S. Stock Markets: and what Ruchir Sharma forgot to explain to me
https://acrobat.adobe.com/id/urn:aaid:sc:AP:860c0e68-c8f1-460d-a8ba-c8e4d85ecd57 Ruchir Sharma’s above Op-Ed piece in the London Financial Times ends with this grim foreboding : I would like to think perhaps Ruchir Sharma inadvertently forgot to add that America is also over-indebted as never, never seen before… The omission therefore begs the question : why are we seeing today the strange phenomenon ofContinue reading ““American Exceptionalism” in U.S. Stock Markets: and what Ruchir Sharma forgot to explain to me”
Macroeconomics they never taught me at university : “The Zelensky Effect”
One of the important lessons in modern economics they never formally taught me when I was at university is that when faced with impending woe and imminent recession, the two most effective policy-measures a nation’s leaders will resort to while trying to dig themselves out of the hole they themselves in the first place dugContinue reading “Macroeconomics they never taught me at university : “The Zelensky Effect””
“The Tyranny of the Minority” in democracies of the World
https://www.counterpunch.org/2024/08/16/the-tyranny-of-the-minority-a-marxist-appreciation-and-critique/ As I was reading through the thought-provoking essay 👆🏿, I found myself induced to go on mentally, or rather imaginatively, replacing the American play-actors and institutions described in it with those that I know are principal actors and counterparts in Indian democracy … ! In the many instances and situations described in the article,Continue reading ““The Tyranny of the Minority” in democracies of the World”
“The People Vs Democracy”: In the court of the Hon’ble Sir Winston Churchill
The latest Pew Research Survey, summarised in columns of The Hindu today dt. 4 March 2024, reports that more than a third of the world in terms of number of nations — and much more than half in terms of population size— has already lost faith in Democracy as a system of governance. Zoom inContinue reading ““The People Vs Democracy”: In the court of the Hon’ble Sir Winston Churchill”
Preamble to the Indian Constitution: “The writing on the wall”
Keshvananda Bharti v. State of Kerala: In this case, the Supreme Court held that the Preamble is a part of the Constitution and can be amended under Article 368 of the Constitution. The two words “secular” and “socialist” were never reflective of the “basic structure” of the constitution and they today are indeed so veryContinue reading “Preamble to the Indian Constitution: “The writing on the wall””
The deep fiscal “s*^#” America is in !
If you looked carefully at this info-chart below you will not think twice about agreeing with the title of this blogpost of mine : America’s budget is a mess: expenditure exceeds income 28% or by $1. 7 trillion ! It must borrow $1.7 trillion from itself … print paper money , that is … toContinue reading “The deep fiscal “s*^#” America is in !”
A Toxin called GDP!
You know why I think some kinds of statistical information and slick Infographics economists keep feeding us all with are so self-congratulatory for them but so self-deluding for us? Take a look at this chart below : The world’s wealth today tops $ 100 trillion !! Wowww! It makes one want to believe in it,Continue reading “A Toxin called GDP!”