As soon as the economic slowdown started, some economists said it is both cyclical and structural - and some said it is completely structural. On what basis did they say this? We can say that a slowdown is structural if:
A. The growth rate goes below the growth rate during past cyclical slowdowns (which is 4.5% for India)
B. The slowdown lasts longer than the duration of past cyclical slowdowns (which is a year for India)
C. Both A and B happen
Yet AS SOON AS the growth rate hit 4.5% for ONE QUARTER, some 'eminent' economists immediately declared that the slowdown is structural. Only in an economically illiterate country like India can economists get away with such statements/verdicts - which are at best unscientific and at worst dishonest.
29 January 2020
25 January 2020
Slowdown in India's Economy
All of us would like the economy to grow continuously at a high rate. But this never happens. An economy's growth rate has a wave-like behaviour - alternately increasing and decreasing. This is a fundamental feature of a capitalist economy. And the length/duration of the cycle is roughly a decade. So every decade, the growth rate goes down.
India converted its economy from socialism to capitalism in 1991. Since then, we have also been experiencing this pattern. In 2000, our economy slowed down. So our next slowdown was due around 2010. But the UPA government tried to avoid the slowdown - by artificially boosting the economy with excess spending. But you cannot avoid a slowdown that is due. At best, you can only delay it - and that too only by a few years. And that is exactly what happened - the slowdown eventually hit us in 2013.
So going by the 10-year cycle, our next slowdown was due around 2020. And that is exactly what is happening now. Economic cycle is one of the most fundamental concepts in economics. But our media and liberal economists seem to be blissfully ignorant of it.
India converted its economy from socialism to capitalism in 1991. Since then, we have also been experiencing this pattern. In 2000, our economy slowed down. So our next slowdown was due around 2010. But the UPA government tried to avoid the slowdown - by artificially boosting the economy with excess spending. But you cannot avoid a slowdown that is due. At best, you can only delay it - and that too only by a few years. And that is exactly what happened - the slowdown eventually hit us in 2013.
So going by the 10-year cycle, our next slowdown was due around 2020. And that is exactly what is happening now. Economic cycle is one of the most fundamental concepts in economics. But our media and liberal economists seem to be blissfully ignorant of it.
17 January 2020
Hindus, Hinduism and Islamic/Christian Fundamentalism
Every human automatically/sub-consciously thinks: "All humans think like me". This is an assumption – and it is a fundamental nature of humans. But it is also a very FALSE assumption.
We Hindus believe that all religions are true – and therefore respect all religions. This is a good thing – but unfortunately we also go one step further. We think: "ALL people believe that all religions are true. Therefore ALL people respect all religions." This is the BIGGEST MISTAKE that we Hindus make – because it is a FALSE assumption.
Islamic/Christian fundamentalism says:
1. Only Islam/Christianity is true – all other religions are false.
2. 'Good' is nothing but spreading the truth and 'evil' is nothing but tolerating falsehood.
3. So 'good' means spreading Islam/Christianity and 'evil' means tolerating other religions.
Therefore Islamic/Christian fundamentalists believe:
1. Hinduism is false/evil.
2. So it is every Muslim/Christian's sacred duty to wipe out Hinduism and replace it with Islam/Christianity.
Thus for the last 1000 years, Islamic/Christian fundamentalism have been waging war on Hindus and Hinduism.
So if we Hindus want to survive, the first thing we must do is to stop thinking: "All humans think like me/us".
We Hindus believe that all religions are true – and therefore respect all religions. This is a good thing – but unfortunately we also go one step further. We think: "ALL people believe that all religions are true. Therefore ALL people respect all religions." This is the BIGGEST MISTAKE that we Hindus make – because it is a FALSE assumption.
Islamic/Christian fundamentalism says:
1. Only Islam/Christianity is true – all other religions are false.
2. 'Good' is nothing but spreading the truth and 'evil' is nothing but tolerating falsehood.
3. So 'good' means spreading Islam/Christianity and 'evil' means tolerating other religions.
Therefore Islamic/Christian fundamentalists believe:
1. Hinduism is false/evil.
2. So it is every Muslim/Christian's sacred duty to wipe out Hinduism and replace it with Islam/Christianity.
Thus for the last 1000 years, Islamic/Christian fundamentalism have been waging war on Hindus and Hinduism.
So if we Hindus want to survive, the first thing we must do is to stop thinking: "All humans think like me/us".
04 January 2020
Anti-CAA Riots/Protests and Anti-Hinduism
Islamic fundamentalism (Turks + Mughals) and Christian fundamentalism (British) assaulted Hinduism and Hindus for 1000 years - and tried their best to destroy us. Due to Hinduism's great inner strength, we somehow survived - and finally became free in 1947. American philosopher George Santayana said: "The punishment for people who forget their history is to experience that history again". When I was an RSS pracharak, my bosses used to tell me this. I agreed with it - but only theoretically. I thought: "After all, we are 80% of this country - so we are safe". But after seeing the hatred and violence of the anti-CAA riots/protests by anti-Hindu liberals and Islamic fundamentalists (supported by Christian fundamentalists) Santayana's statement is no longer theoretical. CAA is just an excuse - the real target of the hatred and violence is Hinduism and Hindus. For the first time in my life, I feel we can no longer take our survival/existence for granted . . .
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