Recently, I woke up early in the morning, it was not because I had to go somewhere, but because in the night I forgot to switch on my mosquito repellent. Apparently, I didn’t have to kill the mosquito. All of them put together had sucked enough blood to wake me up and as individuals had sucked enough to full their bellies that none could fly. And they all fell under my weight to die!
I was wondering about the same in different context and thought about politicians of India and some corporate houses (include Kingfisher). In current context the Anna movement, Occupy Wall Street movement and economy world around has made every commoner – like me – to think seriously about what is happening around. Now it seems that not all politicians and executives can get away with the deeds. They have to be accountable and answerable because the pinch of the rash and extravagant decision are backfiring. If I compare the scenario to my waking up and inadvertently killing few mosquito, the weight of economy has killed some companies (Lehman Brothers) and some are in the lurch. Either politicians and executives have to understand that there has to be enough and more responsible actions and decision or people would gather on streets to protest.
I am not against development and taking risks yet we have to balance risk and be responsible for the powers offered to us by the shareholders, banks and others. Is it fair to party when you know you are under debt of 1000s of cr (tens of billions) rupees? Is it fine to sponsor and own events when you are under lots of liabilities? I was wondering when I read the news – LIC may be forced by the Govt to rescue Kingfisher. Thankfully it does not seem to happen, otherwise LIC policy holders – such as me – would feel robbed of their hard earned income.
The collective power has toppled a Govt in Middle East – I term it as French Revolution of Middle East – and other countries of Middle East are feeling the heat. Credibility of a company was on stake when Murdoch was summoned. We see a strong voice against corruption in India and against the reckless decision of bankers as Occupy Wall Street movement. Is not it fair to assume that all educated people (politicians and executives) would understand that commoners are asking for only fairness and accountability, and perhaps it would solve many issues we face in current times, That’s it!