Wednesday, May 6, 2009

some writings from somebody!!!!

What is there to be scared about?

Growth should be equitable even if a percentage point lesser! All the growth that has happened in the last one decade is at the top end segment of the society which benefitted the rich and the upper middle class! The rural poor have only seen organic 2-3% growth and not beyond that.

This kind of growth is benefitting only the Western World to market their luxury products to the rich and upper middle classes like top end wrist watches, other consumer products etc. Gucci, Armani likes are allowed to open single brand outlets so that rich and upper classes income can be swallowed by selling exorbitant priced products because of brand names while qualitatively they may not be proportionate to their price tags!

Even Manmonhan Singh is aware and facilitated this. That is why he even asked the private sector to reduce the salaries and perks to its top executives because the gap between the rich and poor is widening too fast. The problem is not just economic; it is social as well; you are seeing more and more people adopting western culture in dress and celebrations of festivals like Valentines day which is getting the goat of those who follow even Hindu values. Raising incidents of violence is the direct result of this distorted economic boom. You need economic boom but not lopsided one. If India allows that it will fall prey to the western countries and revolution is imminent as it happened in Iran and other places.

At the same time, because of renewed economic growth, working class young men had growing purchasing power, which enabled them to spend more on beer. These are probably the main causes of heavy drinking and heavy violence.

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