Sunday, January 03, 2021

When there is so much smoke, there has to be a fire.

Farmers are suspicious of the new farm laws. "The protesting farmers fear they could be exploited by private players who buy crops at cheap prices," reported The Washington Post. "But there is one, somewhat disturbing, quality of the discourse at the protest site and in Punjab that merits more scrutiny," wrote Chanakya. "In the process, they have adopted a rhetoric that is opposed to Indian capitalism in general, and specific corporate groups perceived to be close to the government and beneficiaries of the government's approach in particular. This has even taken form of calls for mass boycotts of corporate products and sporadic attacks on corporate assets." "Farmers and their kin have allegedly cut the power supply to a little over 1,500 Reliance Jio mobile towers amid the ongoing protest against the Centre's farm laws." Andy Mukherjee agrees with the farmers. "Like in South Korea, people may one day realize how a few conglomerates are sapping the entrepreneurial energy of everyone else. By then, it will be too late, and the country may be burdened with the equivalent of a 'chaebol discount'." "The private sector is much more than the price for the farm produce, it's much more than a guaranteed MSP, and it's much more than Jio. For starters, it's the first step towards being 'Atmanirbhar' (self-reliant), as a farmer, as a community of farmers, and consequentially as a nation," fulminated Tushar G. "There has been no democracy which has grown economically without corporate capitalism." "Contrary to what is often believed in India, corporate capitalism can even aid, rather than, weaken, democracy," wrote Chankya. Trouble is  that India is not a capitalist state. Socialism was written into our Constitution by former Prime Minister Indira Gandhi. "It means that the socialist economic construction will be based on the socialised means of production and central planning," wrote Communist leader Sitaram Yechury. "The market forces, however, shall be subsumed under the guidance of central planning." Former Chief Economic Adviser Arvind Subramanian said that opinion of the Indian public "has changed from the popular 'crony socialism' to 'stigmatised capitalism'. "The survey said that the public formed a negative perception of the Indian capital which was little liability instead of limited liability." Regarding hate speech rules on Facebook, it's powerful director of public policy for India, South Asia and Central Asia Ankhi Das allegedly told "staff members that punishing violations by politicians of Mr Modi's party would damage the company's business prospects  in the country, Facebook's biggest global market by number of users", reported the Wall Street Journal. "We lit a fire to his (Modi's) social media campaign and the rest of course is history," wrote Ankhi Das in an internal memo to the company's employees. Modi introduced 'electoral bonds' with just one purpose: "To conceal the identity of the donor of political funds". India's politicians and business fellows have been scratching each other's backs since the beginning. Now, they are 'butt buddies'.          

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