The Indian budget every year has always been an eagerly awaited event. For many decades, the best minds in economics, finance, tax, business and industry throng the media house to analyze the provisions shared by the Financial Minister.
Sometimes major events completely disconnected may be data points for the plans of the different powers around the world. The challenge is to discern what purpose they serve? More critically, what are we moving towards?
When the US Ambassador threatened India's "Strategic Autonomy" policy over India's friendship with Russia - much more than meets the eye was at stake. Let us unpack how the Ukraine war has fundamentally changed the US and the world. And why are we here anyway?
Two new books have come which discuss the culture of growth and consumption in the western world and the limits to Capitalism. Here is a discusion on Economist Podcast about the two books and some of the interesting points being made:
Blind Growth puts Good life itself in peril
We are richer than before, but we are also more productive – and these two work against each other at individual level.
Keynes was right when he said that in 100 years, all the problems of poverty in West will be taken care of. The important assumption he missed was that when people become rich, they don’t enjoy the riches, but work harder for more.
Also, one man’s leisure is another man’s labor. So the society as a whole is never enjoying the fruits of wealth and growth simultaneously.
We cannot keep growing like this endlessly. The very concept of our good life is in danger.
The books are: (Click on image for the link to the book)
Is Green Energy really Green? Are we staring at a greater environmental disaster? And, is this an excuse for a continued imperial agenda? An analysis of Green.
Mortgage Revolt due to the real estate crisis in China has hit the banks hard. The manufacturing sector is reeling. Is China a giant Ponzi scheme waiting to unravel?
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