Tag: FED

  • Chicken in the “poultry farm of economy”







    It was October and winters were just starting in Canada, for a change it was nice weather for me. I had not seen < 10 degrees in Mumbai for almost a decade now. In this beginning of winter we – Anil, Abhijit, Prasad and I – were talking about eggs being Veg or non-veg food. I was the only Veg person amongst all and do not eat egg (by choice). So the point went on to whether egg has life & how does fertilization of egg happen?

    poultry

    That discussion became an argument and point of contention. I said I do not eat egg because of my choice, I do not want to question whether an unfertilized egg should be considered as veg & I (and many more Veg) should consume egg.

    It was an interesting question, I never had thought of this. So I searched on net and of course others too did it. The argument was won by Abhijit in the process of egg fertilization. My mind was running in different direction when I read the production process or making of an egg! If you want the drift read how egg production happens (inside a chicken!) here.

    Hens are like gumball machine (as the author of the blog calls it), popping eggs every 25 hours. Hen keeps on producing eggs through its process of ovulation, where Ovum is released to infundibulum, to magnum, to isthmus and to shell glands. The most surprising and disappointing part comes here at shell gland. The white shell which we see in egg is made by not either the diet (ok that is good) or by procuring enough calcium from the hen’s body. Yes, calcium is taken from hen’s body e.g. bones if enough calcium is not consumed by it. Just imagine daily this hen is producing egg and if enough calcium is not in its diet it is decomposing its body to produce the egg.

    Now let us think about hens as human, poultry farm as world economy (well I want to say this but still want to mince the words) and owners of poultry farm are the few who are heading World Bank, IMF, Banks and politicians. They perhaps do not care about what happens to the hen what they want is their egg next day. Oh yes, the owner of poultry farm does health check-up, takes care of sanitation & cheks quality of feed (equivalent of running education and development programs), but its as good a guess of yours as mine – for what?

    Making of shell of an egg and effectively the whole DAILY process of production of egg made me think of humans as the chicken. We are burning our lives (ask chicken uses its bones); why to make the economy work! An economy which is judged by GDP, share market growth and value of money et al. and who is at the core of it all? The Pseudo-owners or the proprietor of the economy of the world!

    Abhijit helped me learn that Veg people can eat eggs which isn’t fertile as that does not have life in it & it could be called similar to any dairy produce.

    Image source http://blogs.economictimes.indiatimes.com/AgroCommodities/54197/

  • Has the time for this idea come?







    When I wrote Problem of top 5% blog I was little too concerned due to various reasons. One was, I – being a centralist – am not a good judge of the situation in completely capitalistic societies. Second was – I myself was at the center of the example. How can I judge myself. I may get biased was the very obvious possibility. I shared the draft with Prof Mankad, again various reasons. He knows me, he has lived in the US for many years, he is an economist etc. His response was –

    QUOTE# – The solution lies with top 5/10%. Regulators – teachers, principals – also bank on 10% and would not want to do anything to hurt them. (Refer to a very long article in Huffington* Post yesterday -26th Sept 2014 – on ‘culture’ at FED NY to ignore the trespasses of Goldman’s.)
    With current socioeconomic yardsticks of success, it will take time for the 10% to shed their arrogance. The society may attempt to generate a social consciousness to move away emphasis (not d-emphasise) top 10 %. Can we start with admissions to prime colleges? Take an honest, mathematically random system of selection of say 50 from top 500? Such a system would retain the academic standard and defuse the arrogance of top 50 and perhaps reduce the commercial exploitative practices of coaching classes.
    Same practice may be chosen in recruitment of employees. (And perhaps in selection of brides!) [that “bride” part a “late cut” – as Prof Mankad calls it 🙂 – on me]
    This would be revolutionary. Who will start the revolution? UNQUOTE

     

    So the possible solutions Prof Mankad suggested starts from the top. Top 5% or 10% need to shred their arrogance (read Problem of top 5% a figurative real life example of representing our society, economy and even schools).

    An interesting case happened recently in India. A Gujarat based Jeweler – Savji bhai – has gifted generously to his employees this Diwali. Apparently he is a standard 4th dropout! Mahatma Gandhi used to say what Prof Mankad suggested in his opinion – “…the wealth of the owners is distributed among the workers and when this situation is arrived at, only then would India grow in real terms…”

    According to reports Savji Bhai has given Diwali gifts based on a loyalty program, so even though he did not study typical “Employee Engagement” and “Loyalty Marketing” or any other jargon of an MBA. Additional interesting this is – he supports pilgrimage of his employees families, has made stadium in Surat.

    Just to conclude – Mahatma Gandhi said wealth distribution as the way for Swaraj, Top 5% are hoarding the wealth (reference Dr Joseph Stiglitz) and even Govts are afraid of top 5% so we have a creative solution which Savjibhai experimented with recently. Has the time for this idea come? Wish we see Business and the Buddha co-exist positively to make this world a better place to live and be enlightened.

    NDTV interview (I am yet to watch it though)

    Savjibhai in a brief speech (Gujarati) 2012 – when not many people knew him.

     

    Note –

    # The blog Problem of top 5% was published on 11th Oct, draft created was on 26-27th Sept. Prof Mankad shared his opinion on 27th Sept.

    * I read Huffington Post article which Dr Mankad referred, however currently not able to get that link, so here is related link – http://www.propublica.org/article/carmen-segarras-secret-recordings-from-inside-new-york-fed