Let us imagine, a border-less world. A world where 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 Read more
What are we? We are a society, made of communities, families and individuals. We are talking about growth on global scale. At times we are talking more about “saving” the world from financial melt down. I sometimes think – who has created it at the first place? That is for Read more
Wealth is the abundance of valuable resources or material possessions. Wealth in itself is of no value, someone owning it gives “it” some “value”. Similarly Wisdom (Hinduism) is considered a state of mind and soul where a person achieves salvation. Again here salvation is achieved by “someone”. So salvation may Read more
I see that poor people have very high self respect- they wont accept money even as a support in their plight. However, those who have the least self respect are asking for money (see the corruption/scams – politicians and babus). Remember Satyamev Jayate of last year? Remember Amir Khan talking Read more
The class was nostalgic, remembering the last couple of days of sessions of Operations Management with Prof Moradian. Today we were attending his last session of Operations Management. We all enjoyed each session, the quick wits and learnt a lot. We were attending his last session and thus all that Read more
Businesses are made for profit making, is there a question in this assumption or argument? For the time being, I am assuming there is no doubt about the argument that business exist for making profit. I have been thinking about the topic of “measuring growth” I wrote recently. People may Read more
I had been asking myself a very naive question. How do we measure growth? Well the answers is not “the GDP” etc. What if I sell things very expensive? GDP might grow, right? So, I zeroed down to interest rate as one vehicle to measure growth. Well, let me be more fairer Read more
In his class, Prof Mankad asked us “what is money?” He answered – “Money is what is accepted as money”. Very apt definition. Here I am taking small freedom to change it a bit. I am changing the word “accepted” to “trusted”. Of course trust is a very heavy word. Read more
For Humans – Death is inevitable; there is no hiding from this truth. For Companies – Only the paranoids survive! Well, it was a coincident that my previous blog was on death and the season of Ganesha festival (an Indian festival) arrived. This Ganesh festival I had seriously thought about the Read more
I have written about socialistic capitalism or capitalistic socialism. When I say that I simply mean that we would move our economies and businesses in a direction where there would be a balance. It would be a kind of middle path where enterprise would exist at the same time there Read more