Business to the Buddha

Tag: Occupy Wall Street

  • Border-less world







    Let us imagine, a border-less world. A world where

    Source - http://praditaastarina.files.wordpress.com/2011/08/170580815_bbdabc8038.jpg
    Border-less world

    1. people can move from one place to the other without Visas
    2. goods and services can be bought and sold without import/export duties
    3. education is free (at least basic education)
    4. people would be free to do what they want to do (not taking law in their hand though)

    I believe both the leading economic “-isms” and many spiritual/religious “-isms” have been trying to do that for years.

    The economic “-ism” are capitalism and socialism. Socialists want this by making a world a single big society where everyone is working for the society. Capitalists are trying to do it through Washington Consensus and IMF. Until now the results have been failure. Russia failed, China becoming a capitalist USA (being protectionist) walking on the way to become more socialistic. Seems There could be a middle path where both these -isms are together.

    Religious groups “-ism” are Christianity, Islam, Buddhism, Hinduism etc. Christianity wants the world to be Christan, Islam talks about Universal brotherhood. I am not sure about the other two asking people to convert to their religion though. However, Hinduism talks about Vasidhev Kutumbakam. Vasidhev Kutumbakam means one world family. But the idea all over the world is unity and unifying the world in different ways.

    All this is failing because – the ulterior motives are money or fan following (I mean increasing number of followers of the religion).  Since both they ways seem not working, what if we turn to something else, no politician, no economist and no religious group to lead. People leading the people’s movement!

    Take the following case – Social media for social service, crowd sourcing based funding (crowd funding) and initiatives such as Janlokpal (India), Occupy Wall Street (USA), Jasmin revolution (Tunisia) and Tahrir square (Egypt) etc. If people are empowered yet are asked not to encroach on others freedom. What if we really become an educated world, without politics, without divisions, without borders.

    This may happen if we remove ego and greed from our society!

    Image Source – http://praditaastarina.files.wordpress.com/2011/08/170580815_bbdabc8038.jpg (Apologies for delayed update, it was updated in the image description but not visible on view)

  • Welcoming’12, Seasons of ’11 and accountability







    For some new year is getting new fancy, even more exposing table calendar and flaunting that. For some it is a continuum of the life – life as usual. For some it is a time to celebrate. I think this is the occasion when we should ask ourselves what happened last year and what should be improved? In 2011 I asked myself -” would I support places such as Barasti in Dubai?” I felt that Barasti is a place which supports racism and I decided against going there.

    When it comes to the year 2012, some time back there was a rumour about the year 2012. Hollywood made a movie – 2012. That movies speaking about this year as a question of existence, right? Well, why start the year with that question. Or we can start thinking about existence and ask questions to ourselves. Look at the 2011, what we did not see? We saw Arab Spring, Summer of India/USA and Winter of Europe. Let me elaborate –

    Arab Spring – I was in middle East during the time when Egypt, Bahrain, Yemen and other such uprising were in news. I wrote in 2011 about Arab uprising – Power Corrupts. Yes, it does and had been in question for Middle East in 2012.

    Summer of Europe – Have you not noticed that the production in China, industrial growth figures of India and other developing nations were not positive lately? The likely reason for that is slow or negative growth of developed nations e.g. USA and Europe. Euro zone saw a unique problem this summer of 2011 when countries were likely to default on their loan payment! I asked a question to myself Euro is it dead? and in May 2011 asked my Teacher of economics – Professor Mankad is Euro dead? We saw the turmoil of Euro for couple of months. Lately, I read on Reuters that “the Euro is not an experiment…” ECB executive said that. On a lighter note – “as if it was supposed to be an experiment until now”. Personally, I am in favor of the kind of economic zone Euro has created. However there are problems with accountability which needs very strong measure.

    Winter of India and USA – Euro zone crisis did not end and we saw another people’s movement – the Lokpal movement in India and Occupy Wall Street in USA. In brief Lokpal bill is to curb corruption and bringing high and mighty beurocrates and politicians under the ambit of LAW. Strange a democratic country India talking as if it is an autocratic country where KING/QUEEN (beurocrates – include lower and upper – and politicians) is above the law. On the other hand citizen of USA were questioning ‘the top 1% holding maximum wealth‘. Why not Investment Bankers take responsibility for not only creating toxic assets but also burning those assets which eventually ruined the economy – of the whole world.

    Well what do you make out of these seasons of 2011. If I look back and take a macro perspective – all these big events of 2011 were Questions on “accountability”. Let us begin the new year with taking responsibility of our actions and working towards a peaceful (Middle East), moral (India) and equitable (Europe and USA) world.

  • Need of the hour!







    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!