Which Is The Best Course?

 WHICH IS THE BEST COURSE?

"Which course must I do?" is the most basic question for youngsters (age 15-21/22). There are 3 major decision-points in education:

1. After 10th std

2. After 12th std

3. After degree

The basic question is: Which is your favourite subject? And the rule is: If your favourite subject is X, then take subject X in the next stage. Example: If your favourite subject in school is history, then do Arts in +2. What if you don't have any favourite subject*? Then take the Best Default Option at that stage. The Best Default Options at each stage are:

1. After 10th std - Science

2. After 12th std - Engineering

3. After degree - MBA

The Best Default Option is the option that will:

A. Guarantee you a decent-paying job

B. Give you the freedom/flexibility to change your path later

In 20th century India, the top 1% took medicine and the bottom 99% took engineering. In 21st century India, almost every field will pay you enough to live a middle class lifestyle (car + house + children's school fees). So youngsters must focus on discovering their potential and achieving their potential. The above education 'algorithm' may help them to do that.

*PS: If you have a hobby you are passionate about (sports, music, art, etc) you can make that your career.

2021 People Of The Year: Healthcare Workers

# For fighting a heroic war against the Chinese virus

# For saving the lives of around 2.5 lakh people

# For putting their duty above themselves and their families

# For proving the ancient saying 'Vaidyo Narayano Hari'

Healthcare workers (doctors + nurses) are 2021's People Of The Year . . .

Hinduism And Hindutva

HINDUISM AND HINDUTVA

Q: What makes humans different from animals?

A: Culture.

Every group of humans have a system of beliefs and practices - ie, a culture. This culture makes us human. Without it, we are no better than animals.

We are Hindus. Our way of life is Hinduism. This way of life has sustained our civilisation for 5000 years. If we lose our way of life, we will be no better than animals. Islamic/Christian fundamentalism have been waging war on Hinduism for 1000 years and have been trying to destroy it. This war continues even today.

Today is Vijay Dashami - the day Goddess Durga killed Mahishasura. It is the victory of Dharma over Adharma, of good over evil. On this sacred occasion, let us vow to fight for Hinduism and against anti-Hinduism in our own humble way. Let us preserve our 5000-year-old way of life - and remain humans.

Sanatana Hindu Dharma ki jai!

Why Mistakes Are Necessary

What is a 'mistake'? You are at point A. You want to go to point B. You think action X will take you to point B - so you do action X. But after doing action X, you end up at point C. Then you analyse the whole process (of you doing action X and going from point A to point C). Based on your analysis, you now think that you should have done another action Y to go to point B. Then you say that action X was a 'mistake'.

When you were at point A, you had a certain amount of information. Based on that information, you decided that action X would take you to point B. Now - after doing action X and going from point A to point C, your information has increased. So now based on this increased information, you are saying that you should have done action Y instead of action X. Did you have this information when you were at point A? No.

You will say: "I should have collected more information when I was at point A". The truth is you collected as much information as you could when you were at point A. There is a limit to how much knowledge we can acquire through mere data-collection - and you had reached that limit at point A. The only way to acquire more knowledge is through experience - ie, doing action X and going from point A to point C.

Another way of understanding this is to ask the question: "In what scenarios will we never make a 'mistake'?". Answer:

1. When we have complete information/knowledge - This is impossible because we are humans, not Gods.

2. When we don't try to go from point A to point B at all - ie, When we don't try anything at all.

Seen this way, we realise that mistakes are the only way for us to reach our goals. That is - mistakes are necessary.

B S Yadiyurappa - The Economic Reformer

The 1991 economic reforms were a revolution in India's history. They freed our economy by removing government-controls on production and trade. But government-controls remained on the three inputs/factors of production – land, labour and capital. So our economy became only 50% free. Making our economy 100% free and unleashing its full potential requires removing these government-controls also – ie, carrying out factor-market reforms. Economists call this as Second Generation Reforms – and have been demanding it since 1991.

In 2015, Prime Minister Narendra Modi tried to carry out land-reforms – ie, removing government-controls on selling and buying land. Congress Party (which wants the pre-1991 govt-controlled socialism) said the land-reforms were 'pro-rich' and 'anti-poor'. Rahul Gandhi famously said: "Aapki sarkar suit-boot ki sarkar hai". The Modi-government was afraid of being seen as pro-rich/anti-poor – so it dropped the land-reforms and said it would leave it to the states. And how many state-governments (including BJP state-governments) carried out the land-reforms? Answer: Zero.

In 2019, BJP came to power in Karnataka and B S Yadiyurappa became Chief Minister. In January 2020, he attended the World Economic Forum at Davos and then announced that he would carry out the land-reforms in Karnataka. In September, he pushed the Land Reforms Bill through both the Houses of the Karnataka Legislature and carried out the land-reforms. Now (10 months later) the first benefits of the land-reforms are already visible: land prices, land sales and government revenue have all increased.

Today B S Yadiyurappa resigned as Chief Minister of Karnataka and brought an end to his long political career. He will go down in history not just as the man who brought BJP to power in South India but also as the greatest economic reformer among India's Chief Ministers.

India's 1991 Revolution

Today is the 30th anniversary of India's 1991 economic reforms. When we became free in 1947, Prime Minister Jawaharlal Nehru adopted the inefficient govt-controlled socialism as our economic system. After him, his daughter Indira Gandhi also continued with the same inefficient economic system. As a result, our GDP grew by around 3.5% per year. Our population grew by around 2% per year – so our per capita income grew only by around 1.5% per year.

But the countries of East Asia and South East Asia adopted the efficient free-market capitalism as their economic system. As a result, their GDPs grew by up to 10% per year. Consequently, the East Asian countries (Japan, Korea, Taiwan) became high-income countries and the South East Asian countries (Thailand, Malaysia, Indonesia, etc) became middle-income countries whereas we remained a low-income country – though they were poorer than us in 1947.

Finally in 1991, Prime Minister P V Narasimha Rao started the process of changing our economic system from inefficient govt-controlled socialism to efficient free-market capitalism. As a result:
# Our GDP has grown by around 8% per year. Our population has grown by around 1.5% per year – so our per capita income has grown by around 6.5% per year.

# We have lifted around 60 crore people out of poverty – drastically reducing our poverty from around 50% in 1991 to around 5% today.

# Our economy has grown more than 10 times from $ 270 billion (#17 in the world) in 1991 to $ 3 trillion (#5 in the world) today.

Today's youngsters have not seen pre-1991 socialist India – so they do not know how revolutionary the 1991 economic reforms were. We can understand this revolution by looking at the lifestyle of a middle-class family in pre-1991 socialist India:

# Only a few middle-class families had cars – most had only scooters.

# Only doctors got telephones immediately – other middle-class families had to be in a waiting-list.

# There was only one TV channel for the whole country – the government channel (Door Darshan).

Thus the 1991 economic reforms brought about sweeping and unimaginable changes in India. So we must call the event by its correct name: not 'reforms' – but 'revolution'. But the process is still incomplete. Our economy is still 50% socialist. We must take the 1991 Revolution to its logical conclusion by making our economy 100% capitalist – to lift all our people out of poverty and make India a superpower.

Online Classes Is NOT Education

ONLINE CLASSES IS NOT EDUCATION

# Sitting in a real classroom with your classmates and discussing the subjects with your Professors is education.
# Living in a hostel with your batchmates + seniors + juniors and interacting with them is education.
# Eating in a mess with your batchmates + seniors + juniors and complaining about the bad food is education.
# Seeing your classmates, talking to them, cracking jokes with them and laughing with them is education.

# Sitting in front of a laptop at your home in your home-town is NOT education.

India, Hinduism, Conservatism & Liberalism

INDIA, HINDUISM, CONSERVATISM & LIBERALISM

Conservatism says order is more important than freedom. Liberalism says freedom is more important than order. The genius of Indian/Hindu civilisation is that it has always aimed at a perfect balance between both order and freedom. Thus Hinduism is both conservative and liberal. But if we are forced to choose between order and freedom, which should we choose? The Second Law of Thermodynamics gives us the answer to this question. It says that a system's entropy (disorder) always tends to increase. That is: the natural tendency is for a system's disorder to increase – and order to decrease. In other words: in the tug-of-war between order and freedom, freedom has the natural advantage – and order has the natural disadvantage. So if we are forced to choose between order and freedom, we must always choose order. If we err on the side of too much order (and too little freedom) that error is reversible – because the natural tendency of the universe will correct this error. But if we err on the side of too much freedom (and too little order) that error is irreversible – because the natural tendency of the universe will magnify this error. In other words: freedom lost can always be regained – but order lost is lost forever.

India And Freedom/Democracy/Human-Rights Index

Every international freedom/democracy/human-rights 'index' is reducing India's rank/score every year. They are using the formula:

-X = X0/Y

Where:
-X = Reduction in India's score this year
X0 = India's score last year
Y = Number of years they expect the Modi/BJP/NDA government to last

So India's score will go on decreasing every year and reach zero in the (estimated) last year of the Modi/BJP/NDA government.
Also we can use this formula to find out the value of Y for the authors/creators of each such 'index'.

Karl Marx, Levi Strauss, Blue Jeans And Capitalism

Karl Marx was from a Jewish family whose surname was Levi. His father converted to Christianity and changed the surname to 'Marx'. Meanwhile another Jew called Levi Strauss started making and selling blue jeans in America. This blue jeans went on to become the biggest symbol not just of America – but also of its economic system: ie, free-market capitalism. So when the Soviet Union collapsed in 1991 and free-market capitalism triumphed over Karl Marx's socialism, it was also the triumph of one Levi (who did not change his name and religion) over another Levi (who changed his name and religion).

Modi, BJP And Free-Market Capitalism

MODI, B.J.P AND FREE-MARKET CAPITALISM

February 10 was a historic day for India. For the first time, a Prime Minister praised the private-sector and wealth-creators on the floor of the Parliament. Since 1947, our country (especially our political system) has been suffering from an evil called socialism. This evil kept us poor for half a century – while the poorer countries of East Asia and South East Asia became rich with free-market capitalism. In 1991, Prime Minister P V Narasimha Rao started destroying this evil. But almost 3 decades later, this evil is still very powerful in our country – the rich farmers' protest is a perfect example of this. Even the 'right-wing' political party BJP has been suffering from this evil. That is why the February 10 speech is so important. Yes – the Prime Minister did not go far enough to use the term 'mukt-bazar punjivad' (free-market capitalism). But socialism being our second national religion (after Hinduism) even the words 'private-sector' and 'wealth-creators' are revolutionary enough. Let us hope the Prime Minister, the government and the BJP embrace free-market capitalism completely. And let us support them 100% in this regard. Bharat Mata ki jai.

America, Conservatism And Republican Party

Till the 1960s, race was not a factor at all in American politics. A) The country was 90% white and B) the non-whites were mainly blacks – who were not allowed to vote. But then two developments happened in quick succession that caused a tectonic shift in American society – and brought race to the centre of American politics. First, America passed the Civil Rights Act in 1964 – allowing blacks to vote. Second, immigration from Mexico exploded from 1970 onwards – leading to a huge influx of Latinos/Hispanics. As a result, today whites are only 60% of the country – and non-whites are 40%. Inevitably, race became the central factor of American politics.

Specifically, these two developments led to a crystallisation of the two political parties. The liberal Democratic Party made racial equality/justice its #1 agenda/ideology – and got a solid vote-bank of 30% (13% blacks + 17% Latinos/Hispanics). Now conservatives and liberals are evenly matched in America. But this support of the racial minorities gave the Democratic Party a huge advantage. How could the conservative Republican Party even compete against a vote-bank like this? Republican leaders like Richard Nixon and Ronald Reagan came up with the answer: ally with white racists and Christian fundamentalists. The strategy was successful – from 1968 to 2016, the Republican Party won 8 out of 13 Presidential elections.

So far, so good. But there is a fundamental contradiction between conservatism/nationalism and white racism / Christian fundamentalism. Thus there was a fundamental contradiction in the alliance of the Republican Party. So how did this contradictory alliance not merely survive but also succeed for almost half a century? Winning elections in an industrialised democracy requires mainly 3 things: organisation machinery, money and media. The conservative leaders and strategists of the Republican Party (like their counterparts in the Democratic Party) controlled all these 3 things. Whereas the white racists / Christian fundamentalists are mostly middle-class and lower-class people – who only have numbers, but not control over these 3 things.

Enter the 21st century – with its cocktail of Internet, 24-hour news/media and reality TV. This cocktail revolutionised the world by democratising it. But for the Republican Party, it threatened its contradictory alliance. Because now a white racist / Christian fundamentalist leader could use this cocktail to by-pass conservative leaders/strategists, directly reach out to the large number of white racist / Christian fundamentalist voters – and use their numbers to take over the Republican Party. And that is exactly what happened in 2016. Donald Trump (a real-estate tycoon and reality TV star) threw conservatism into the dustbin, openly embraced white racism / Christian fundamentalism, reached out openly to white racist / Christian fundamentalist voters and became the Republican Party's Presidential candidate – and then America's President.

This is the tragedy of American conservatism and the Republican Party – getting undone by the country's racial demography.

Agriculture Reforms, Farmers Protest And Supreme Court

AGRICULTURE REFORMS, FARMERS PROTEST AND SUPREME COURT

Legislature's job is making the rules, executive's job is enforcing the rules (made by the legislature) and judiciary's job is interpreting the rules (made by the legislature and enforced by the executive). This is the Fundamental Law Of Democracy. The Supreme Court can strike down a law made by the Parliament ONLY if it violates the Constitution - NOT because a mob of rich farmers has been strangulating the national capital for 50 days. By suspending 3 laws passed by the Parliament (which is elected by the people of India) the Supreme Court violated the Fundamental Law Of Democracy - and turned India into a mobocracy + judicial dictatorship. Today was a black day for India . . .

2020 Men Of The Year: Galwan Valley Martyrs

# For making the ultimate sacrifice for the Motherland

# For defending the Motherland till their last breath

# For their fearlessness in the face of an evil enemy

# For reminding us that our freedom is not free

The 20 martyrs of the Galwan Valley Battle are 2020's Men Of The Year . . .

Mistakes Are Good

Everybody says "Make mistakes - but don't repeat your mistakes". This advice is well-intentioned, but it is wrong - both logically and practically:

1. Logically - There is no need to say "Don't repeat your mistakes". Who repeats their mistakes? Nobody does - because the human brain is built and programmed to learn from its mistakes. And in case somebody 'repeats' his/her mistake, it only means that the original learning was not enough - because the original mistake was not big enough; so a 'repetition' is needed.

2. Practically - If we keep saying "Don't repeat your mistakes", then people make it as their rule #1. And what is the best way to avoid repeating mistakes? Simple: Don't make any mistakes at all - ie, play safe and don't take any risks. So "Don't repeat your mistakes" practically becomes "Don't make any mistakes".

So instead of saying the well-intentioned but completely wrong "Make mistakes - but don't repeat your mistakes", we should simply say "Mistakes are good".

Obsolete Managers: Flat Vs Hierarchical Organisation

Let:
N = Number of levels in an organisation
a = Entry-level age (years)
A = Retirement age (years)
T = Number of years (on average) to move from one level to the next level
Then T = (A - a)/N
Usually a = 25 and A = 60. So T = 35/N. More generally, T is inversely proportional to N.

Let P(Obs) = Probability of the managers' knowledge about the core-work becoming obsolete. Then P(Obs) is proportional to T. So P(Obs) is inversely proportional to N. In a flat organisation, N is low - so P(Obs) is high. In a hierarchical organisation, N is high - so P(Obs) is low. The conventional view is that a flat organisation is good and a hierarchical organisation is bad. But from the point-of-view of the managers becoming obsolete, hierarchical organisations are superior to flat organisations.

Why Managers Are Obsolete

WHY MANAGERS ARE OBSOLETE

An organisation is like a pyramid:
1. It consists of different levels.
2. People at different levels do different types of work.
Specifically:
3. The people at the bottom do the core-work of the organisation.
4. The job of the people at the top is to help/support the bottom-people.
The top-people have moved to the top from the bottom. That is: earlier they were at the bottom – and were doing the core-work of the organisation.

In a static/unchanging world, this model would be perfect:
1. People start at the bottom doing the core-work.
2. As time passes, they move up to the top-levels.
3. They have experience/knowledge about the core-work.
4. With this experience/knowledge, they help/support the bottom-people.
But the problem is the 21st century world is not a static/unchanging world – it is a dynamic/fast-changing world. And how we do a work is a function of the world/environment. So when the environment changes, how we do a work also changes.

Thus some time after the bottom-people move to the top (and become top-people), the technology/environment changes – and the top-people's knowledge/experience about the core-work becomes obsolete. They know about doing the core-work when the technology/environment was in its previous state. But they do not know anything about doing the core-work NOW – when the technology/environment is in a completely new state. But still, they keep giving orders to the bottom-people – who actually know how to do the core-work NOW (with the technology/environment in its current state).

Therefore managers (top-people) are inherently obsolete. And the traditional management model / organisation structure is also inherently obsolete.

Laws Of System Complexity, Output Quality, Environment Dynamism And Operating Intelligence

LAWS OF SYSTEMS

1. Law of system complexity and operating intelligence:
The intelligence required to run a system is proportional to the system's complexity.

2. Law of system complexity and output quality:
For a given level of intelligence of the people running a system, the quality of the system's output is inversely proportional to the system's complexity.

3. Law of environment dynamism and operating intelligence:
The intelligence required to run a system is proportional to the dynamism of the system's environment.

4. Law of environment dynamism and output quality:
For a given level of intelligence of the people running a system, the quality of the system's output is inversely proportional to the dynamism of the system's environment.

Pranab Mukherjee: The Last Liberal

Which was the defining point of Pranab Mukherjee's long and illustrious political career?
A. 31 Oct 1984 – Congress Party made Rajiv Gandhi as Prime Minister, pushing aside its senior-most leader Pranab-ji
B. 22 May 2004 – Sonia Gandhi made Manmohan Singh as Prime Minister, pushing aside their senior-most leader Pranab-ji
C. 25 Jul 2012 – Pranab-ji became the 13th President of India, the highest office of our Republic
D. 7 Jun 2018 – Pranab-ji attended the valedictory function of RSS's training camp at its Nagpur headquarters
Cynics will say A and B. Most people will say C. But for me, it was D.

Liberals see and treat the RSS as an untouchable Hindu fascist organisation. Yet Pranab Mukherjee, who had occupied the highest office of our Republic and was fully aware of its sanctity, attended the RSS's most important annual event as its Chief Guest. Why? Because he knew that in a society, people will have different viewpoints and the only way to run a society is to be open-minded and try to understand other viewpoints. In that sense, he was a true liberal – an open-minded man who engaged constructively with people he disagreed with. In fact, he was India's last liberal – and the people who call themselves liberals can definitely learn a thing or two from him.

A great son of Mother India has left us. May God give strength to his family . . .

Congress Party And JEE/NEET Exams

Last month, 20+ senior leaders of the Congress Party wrote a detailed letter to Sonia Gandhi demanding a complete revamp of the party – which would end the Nehru dynasty's control of the party. This Monday, the Congress Working Committee held its meeting to discuss the letter. Sonia Gandhi started the meeting by asking the CWC to relieve her of her responsibilities. Immediately, loyalists of the Dynasty denounced the letter and declared their loyalty to the Dynasty. The dissenters were outnumbered and the CWC passed a resolution condemning the letter and praising the Dynasty.

When the letter was written, most of the pro-Congress English media rightly saw it as a possible beginning of the Congress Party's revival – and enthusiastically supported the letter. And when the Congress Working Committee torpedoed the initiative, they were furious and produced a flood of reports and analyses criticising the Dynasty. So this week has been full of negative headlines for the Dynasty. This was unacceptable to Sonia Gandhi – and she had to do something to stop this.

But how? Simple: The JEE/NEET exams are starting on September 1. So she called a meeting of all the Congress Chief Ministers and ordered them to oppose the exams. She also ordered the Congress Party to carry out protests all over the country against the exams. Result: Now everybody has forgotten about the rebellious letter and the CWC meeting farce – so her plan has succeeded brilliantly.

Moral of the story: Modi-Shah may be 'Chanakya' – but they have ruled the country for only 6 years. Remember that Sonia Gandhi ruled the country for 10 years . . .

India's Cities And City-Governments

INDIA'S CITIES AND CITY-GOVERNMENTS

In the 21st century, the most important socio-economic unit of a country is the city. Cities are the centres of wealth-creation and job-creation. So an efficient political system must be based on this fundamental reality. That means a city-based political system - in which city-governments have all the powers necessary to manage their cities efficiently. But currently we have a feudal/medieval political system - in which city-governments are under the control of the state-government. And the inefficiency of this system has been completely exposed by the ongoing Covid-19 crisis.

Every city has its own resources and capabilities on the one hand - and its own problems and challenges on the other hand. So cities must use their resources and capabilities to deal with their problems and challenges. City-governments can do this if:

1. They have full powers

2. They are directly elected by the city's people

3. They are answerable to the city's people.

They cannot do this if:

1. They have limited powers

2. They are indirectly elected by the city's people

3. They are not answerable to the city's people

Which is the case now.

Fully empowered city-governments will manage our cities efficiently, create jobs and remove poverty. As long as we continue with our current 2-level government system (centre + states) we will remain a third world country. To become a superpower, we must change to a 3-level government system (centre + states + cities).

Economic System: Efficiency And Equality

A good economic system has two features: efficiency and equality. How to achieve this?

From Hal Varian's 'Microeconomics' (2010):

The Second Theorem of Welfare Economics asserts that under certain conditions, every Pareto efficient allocation can be achieved as a competitive equilibrium.

What is the meaning of this result? The Second Welfare Theorem implies that the problems of distribution and efficiency can be separated. Whatever Pareto efficient allocation you want can be supported by the market mechanism. The market mechanism is distributionally neutral. Whatever your criteria for a good or a just distribution of welfare, you can use competitive markets to achieve it.

Prices play two roles in the market system: an allocative role and a distributive role. The allocative role of prices is to indicate relative scarcity; the distributive role is to determine how much of different goods different agents can purchase. The Second Welfare Theorem says that these two roles can be separated: we can redistribute endowments of goods to determine how much wealth agents have, and then use prices to indicate relative scarcity.

Policy discussions often become confused on this point. One often hears arguments for intervening in pricing decisions on grounds of distributional equity. However, such intervention is typically misguided. As we have seen above, a convenient way to achieve efficient allocations is for each agent to face the true social costs of his/her actions and to make choices that reflect those costs. Thus in a perfectly competitive market, the marginal decision of whether to consume more or less of some good will depend on the price – which measures how everyone else values this good on the margin. The considerations of efficiency are inherently marginal decisions – each person should face the correct marginal tradeoff in making his/her consumption decisions.

The decision about how much different agents should consume is a totally different issue. In a competitive market, this is determined by the value of the resources that a person has to sell. From the viewpoint of the pure theory, there is no reason why the state can't transfer purchasing power (endowments) among consumers in any way that is seen fit. But the message of the Second Welfare Theorem is important. Prices should be used to reflect scarcity. Lump-sum transfers of wealth should be used to adjust for distributional goals. To a large degree, these two policy decisions can be separated.

People's concern about the distribution of welfare can lead them to advocate various forms of manipulation of prices. It has been argued, for example, that senior citizens should have access to less expensive telephone service, or that small users of electricity should pay lower rates than large users. These are basically attempts to redistribute income through the price system by offering some people lower prices than others. When you think about it, this is a terribly inefficient way to redistribute income. If you want to redistribute income, why don't you simply redistribute income? If you give a person an extra dollar to spend, then he can choose to consume more of any of the goods that he wants to consume – not necessarily just the good being subsidised.

India's Politics And Academics: Chicken/Egg (People/System) Problem

Both Indian politics and Indian academics suffer from the same fundamental problem: the chicken-and-egg problem – or the people-and-system problem. Good people are not there in the field. Why? Because the system is not good. And why is the system not good? Because good people are not there. That is: Good people will enter the field only when the system becomes good – and the system will become good only when good people enter the field.

Of course, this is a fundamental principle of the universe. And as per this principle, there should be no progress in the world at all. But the history of the world is nothing but the story of progress. So how does progress happen – in spite of the chicken-and-egg / people-and-system principle? There are two reasons. The first reason is that the principle is not 100% rigid/watertight. Especially with regard to the egg-to-chicken part – ie, the relationship between the quality of a system and the entry of good people. Some good people (who are fools) enter a field even though the system is not good.

The second reason is that luckily for us, human/social systems are not 'digital' but 'analog'. That is – they are not binary/discrete (bad vs good; 0 vs 1) but continuous (a gradient/spectrum from bad to good; 0 to 10). So a few good people (fools) enter a bad system and make it better – which attracts more good people – who make the system even better – and so on. This is nothing but the upward spiral / virtuous cycle of progress. Of course, the critical factor here is the speed of the process – especially when we are in a dynamic environment / competitive world. We can only hope that both our academics and our politics get on to a self-sustaining path of improvement (good systems + good people) as soon as possible – and move on it as fast as possible. Aum . . .

Job/Work/Career: Strengths Vs Weaknesses

JOB/WORK/CAREER: STRENGTHS VS WEAKNESSES

Conventional career/personality development theory tells us to improve in our areas of weakness. This is nonsense. Because there is no such thing as the perfect/complete worker/all-rounder. Different people have different strengths - and the 21st century is the age of teamwork and specialisation. So your success will be determined by how strong your strengths are. If you work on your weakness, you will improve from poor to average - not more than that. And what will a team do with an average skill? Instead if you work on your strength, you will improve from good to great - and you will be valuable to any team. So forget about your weaknesses - and focus on your strengths. Find out what your strengths are - and develop them. Trying to 'fix'/'repair' your weaknesses is the biggest waste of time in the world.

Capital, Capitalist And Capitalism

Today the word 'capitalism' means "an economic system in which the means of production are privately owned" (as opposed to socialism – in which the means of production are owned by the government). But the original meaning of the word was quite different. The word 'capital' came first – in the 1200s. It meant simply money or wealth. The word 'capitalist' came next – in the 1600s. It meant "an owner of capital/money/wealth" – ie, merchants. Around 1800, the Industrial Revolution began and the word 'capital' acquired today's meaning – not simply money/wealth but the means of production (ie, machines and factories). Consequently, the word 'capitalist' also changed – from "owner of money/wealth" to "owner of machines/factories". Then the word 'capitalism' came in the 1800s – meaning "the economic system consisting of capitalists". This looks like a trivial definition but it is not. Defined this way, capitalism was indeed a revolutionary new economic system. Why?

Since the beginning of civilisation, capital (the means of production) consisted of small simple tools. And these tools were owned by the respective workers. The farmer owned his plough and sickle. The blacksmith owned his anvil and furnace. The carpenter owned his saw and hammer. The potter owned his wheel and the weaver owned his loom. In other words – the workers owned the capital. The Industrial Revolution changed all this – by giving birth to big complex machines (and the buildings that contained them – ie, factories). These were too expensive to be owned by ordinary workers – only rich merchants could afford to own them. So for the first time in history, capital was not owned by workers – but by another group of people: the capitalists. And the new economic system was called 'capitalism'. This was the original meaning of the word 'capitalism'.

India's Systems: Quality Vs Quantity

INDIA'S SYSTEMS: QUALITY VS QUANTITY

Every system has two fundamental aspects: quality and quantity. Which is more important? Both are equally important. That is – a system must ideally maximise both quality and quantity. But given resource constraints, we can increase only one of these two parameters at a time. So to achieve both quality and quantity, a sequential approach is needed. Accordingly, two approaches are available:

	Phase 1	Phase 2
Approach 1	Increase quality Keep quantity low	Increase quantity Maintain quality
Approach 2	Increase quantity Keep quality low	Increase quality Maintain quantity

Which approach is better? The critical part of the process is the second phase. In the first approach, the second phase involves increasing the quantity of a high-quality low-quantity system. In the second approach, the second phase involves increasing the quality of a high-quantity low-quality system. Which of these two processes has a higher probability of success? Once the question is framed this way, it becomes clear that the first approach has a higher probability of success – and is therefore better.

India came under foreign rule around 1000 AD – during the Agricultural Age. It remained under slavery for 1000 years – under the Turks, Mughals and British. During the period of British rule, the Agricultural Age ended and a new age in the history of mankind - the Modern/Industrial Age - started. When India finally became free in 1947, the fundamental challenge before it was to build modern systems that would be both world-class (quality) and big enough for the world's second-biggest country (quantity). And that required choosing between the two approaches described above. Unfortunately, we chose the second approach. That is – we aimed for quantity rather than quality, perhaps hoping to increase the quality later. The result is that today we are stuck with low-quality high-quantity systems whose quality we are now struggling to increase.

Classroom Education Vs Online Education

CLASSROOM EDUCATION VS ONLINE EDUCATION

"The Covid-19 crisis has changed the world forever – especially education. Classroom education is dead, obsolete and Stone Age. Online education will and should replace classroom education." This is now the consensus opinion of almost all experts and ordinary people.

I know people will call me Stone Age. But based on my 18 years experience as a student and 7 years experience as a faculty, I will say this: The classroom + blackboard + chalk is the most effective method for understanding a subject – especially complex concepts. There is no substitute for mentally wrestling with complex concepts with the help of a faculty who has been doing the same for years – along with other students who are currently doing the same.

If online education is better than classroom education because it is more 'efficient', then why stop there? Why not take this idea one step further – to its logical conclusion? Excellent textbooks are available on every subject. So the most 'efficient' option is to simply buy the textbooks, sit at home and read the textbooks. Where is the need for even an online education? To get a degree? It will be more 'efficient' for universities to only conduct exams and award degrees to those who pass the exams.

Since 1947, we have completely neglected quality and focussed only on quantity in our education. This is the #1 reason for India's under-development today. Now this online education will become another excuse to further dilute quality for the sake of quantity in our education. "We have reached X number of students", "We have trained Y number of candidates", "We have produced Z number of graduates", etc. How well have they understood the subjects? Especially complex concepts? Nobody is bothered about this.

India's Debt, Fiscal Deficit And GDP Growth Rate

Let a country's GDP be G and its debt be D. Then its debt-to-GDP ratio is D/G. Let its GDP grow at a rate of g every year (0 < g < 1). Then its GDP next year will be (1 + g) × G. Let its fiscal deficit next year be F. Then its debt next year will be D + F. So its debt-to-GDP ratio next year will be (D + F)/[(1 + g) × G]. If the debt-to-GDP ratio is to remain constant, then:
D/G = (D + F)/[(1 + g) × G]
Let us express both debt and fiscal deficit as a fraction of the GDP. Let D/G be d and F/[(1 + g) × G] be f. Then the constant debt-to-GDP ratio condition becomes:
d = d /(1 + g) + f
This gives us:
1. f = d × g / (1 + g)And:
2. g = f / (d - f)
A country starts off with a certain amount of debt (D) – which is expressed as a fraction of its GDP (D/G = d). It wants to reduce its debt-to-GDP ratio (d). How to do this? There are two ways of asking and answering this question:
1. If the country's GDP grows at a certain rate g, then it must keep its fiscal deficit (as a fraction of its GDP) below some level f. Equation 1 gives us this value of f.
2. If the country maintains its fiscal deficit (as a fraction of its GDP) at a certain level f, then its GDP must grow above some rate g. Equation 2 gives us this value of g.

India's debt-to-GDP ratio is 70% – which is the highest among major industrialising countries. How to reduce this? We can use the two equations given above. Accordingly we have:

A. Maximum fiscal deficit (based on the GDP growth rate)

GDP Growth Rate	Maximum Fiscal Deficit
5%	3.3%
6%	4.0%
7%	4.6%
8%	5.2%
9%	5.8%
10%	6.4%

Our average GDP growth rate since 2000 has been 7%.

B. Minimum GDP growth rate (based on the fiscal deficit)

Fiscal Deficit	Minimum GDP Growth Rate
3%	4.5%
4%	6.1%
5%	7.7%
6%	9.4%
7%	11.1%
8%	12.9%
9%	14.8%
10%	16.7%

Our average fiscal deficit since 2000 has been 4.5%.

Note: The 2003 Fiscal Responsibility and Budget Management (FRBM) Act states that the government must reduce the fiscal deficit to 3% of GDP.

Major/Important Finance Ministers Of India

Major/important finance ministers of India:

#	Finance Minister	Period	Prime Minister
1	Shanmukham Chetty	1947–1948	Jawaharlal Nehru
2	John Mathai	1948–1950	Jawaharlal Nehru
3	Chintaman Deshmukh	1950–1956	Jawaharlal Nehru
4	T T Krishnamachari	1956–1958	Jawaharlal Nehru
5	Morarji Desai	1958–1963	Jawaharlal Nehru
6	T T Krishnamachari	1963–1965	Nehru / L B Shastri
7	Sachindra Chaudhuri	1966–1967	Indira Gandhi
8	Morarji Desai	1967–1969	Indira Gandhi
9	Yashwantrao Chavan	1970–1974	Indira Gandhi
10	C Subramaniam	1974–1977	Indira Gandhi
11	Hirubhai Patel	1977–1979	Indira Gandhi
12	Charan Singh	1979–1980	Morarji Desai
13	R Venkataraman	1980–1982	Indira Gandhi
14	Pranab Mukherjee	1982–1984	Indira Gandhi
15	V P Singh	1984–1987	Rajiv Gandhi
16	Narayan Tiwari	1987–1988	Rajiv Gandhi
17	Shankarrao Chavan	1988–1989	Rajiv Gandhi
18	Madhu Dandavate	1989–1990	V P Singh
19	Yashwant Sinha	1990–1991	Chandra Shekhar
20	Manmohan Singh	1991–1996	P V Narasimha Rao
21	P Chidambaram	1996–1998	Deve Gowda / Gujral
22	Yashwant Sinha	1998–2002	Atal Bihari Vajpayee
23	Jaswant Singh	2002–2004	Atal Bihari Vajpayee
24	P Chidambaram	2004–2008	Manmohan Singh
25	Pranab Mukherjee	2009–2012	Manmohan Singh
26	P Chidambaram	2012–2014	Manmohan Singh
27	Arun Jaitley	2014–2019	Narendra Modi
28	Nirmala Sitaraman	2019–	Narendra Modi

Economy, Economics And Economic Literacy

Humans need some things to live – like food, clothes, houses, etc. They obtain these things by making and exchanging them with one another. And this system of people making and exchanging things is nothing but the economic system (or simply – the economy).

Now this economic system or economy does not behave randomly. If I am holding a ball and I let go of it, what will happen? Simple: the ball will fall down. Why? Again simple: due to the law of gravity. So the ball falls down instead of going up because the law of gravity says it must fall down. That is – its behaviour is dictated by the law of gravity. More generally – the behaviour of the physical world is dictated by a set of physical laws. And these physical laws make up a science – the science called physics. Engineers build many physical systems – like machines. When they do so, they must do it on the basis of the laws of physics – for which they must know the science of physics. And we would like to understand how these machines or physical systems work. In order to do that, we must also know the science of physics.

What is true of physical systems is equally true of the economic system (economy). Just as physical systems do not behave randomly but as per certain physical laws, similarly the economy (economic system) does not behave randomly but as per certain laws of human/social behaviour – ie, economic laws. And just as the physical laws make up a science called physics, similarly the economic laws also make up a science – the science called economics. And just as we must know the science of physics to understand how physical systems work, similarly we must know the science of economics to understand how the economic system (economy) works.

Every human gets the things he/she needs to live from the economic system or economy. So the economic system or economy is directly important to every human. Thus every human must understand how the economic system or economy works. That is – every human must know economics (at least the basics). This being the case, it is shocking that we do not teach even basic economics in our schools. We teach economics only in senior high-school (ie, +2) in the Arts and Commerce streams – so the Science stream students miss out on economics completely. We must correct this by teaching at least basic economics in the 10th standard.

We must teach the most fundamental concepts of both micro-economics and macro-economics. Fundamental micro-economic concepts would include:
1. Supply and demand
2. Social surplus/welfare
3. How free-market maximises social welfare
4. How government-controls reduce social welfare
Fundamental macro-economic concepts would include:
1. Taxes and revenue
2. Government spending
3. Fiscal-deficit and debt
4. Subsidies, loan-waivers and welfare-schemes

Economic literacy is also essential for the healthy functioning of a democracy. One of the most important functions of a government is to manage the country's economy properly. If people don't know even basic economics, how will they evaluate the government's performance – and the opposition's criticism? And how will they make the right choice in the election?

ಜಾತ್ಯತೀತ / ಜಾತ್ಯತೀತತೆ

Secularismಗೆ ಕನ್ನಡದಲ್ಲಿ 'ಜಾತ್ಯತೀತತೆ' ಎನ್ನುತ್ತಾರೆ. ಈ ಅನುವಾದ ಸರಿಯೇ? Secularism ಎಂದರೇನು? Secularism ಎಂದರೆ ಹಿಂದು-ಧ್ವೇಷ - ಅಂದರೆ ಹಿಂದುಗಳನ್ನು ಮತ್ತು ಹಿಂದು-ಧರ್ಮವನ್ನು ಧ್ವೇಷಿಸುವುದು. ಸೆಕ್ಯುಲರವಾದಿಗಳು/ಎಡವಾದಿಗಳು ಎಲ್ಲಾ ಹಿಂದುಗಳನ್ನು ಧ್ವೇಷಿಸುತ್ತಾರೆ - ಅಂದರೆ ಅವರು ಎಲ್ಲಾ ಜಾತಿಗಳ ಹಿಂದುಗಳನ್ನು ಧ್ವೇಷಿಸುತ್ತಾರೆ. ಆದ್ದರಿಂದ ಅವರ ಹಿಂದು-ಧ್ವೇಷ ನಿಜವಾಗಿಯೂ ಜಾತ್ಯತೀತ. ಆದುದರಿಂದ secularismಗೆ 'ಜಾತ್ಯತೀತತೆ' ಎಂಬ ಶಬ್ದ ಅತ್ಯಂತ ಸೂಕ್ತವಾಗಿದೆ.

India's Muslims: Non-Fundamentalists Vs Anti-Fundamentalists

India's middle-class Muslims are non-fundamentalists. This is a good thing - but it not enough. Lower-class Muslims are so deeply sunk in fundamentalism that it is not enough for middle-class Muslims to be merely non-fundamentalist. They must do more - they must fight against fundamentalism. That is - they must become anti-fundamentalists.

PS: And needless to say - we Hindus will support them 100% in their war against fundamentalism.

Varna System And Types Of Work

There are four basic types of work:
1. Working with things
2. Working with money
3. Working with people
4. Working with ideas

Accordingly, ancient Indians designed and built a social system (the Varna system) in which different groups of people specialised in each of the four basic types of work:
1. Working with things - Farmers/Workers (Shudras)
2. Working with money - Merchants/Traders (Vaishyas)
3. Working with people - Rulers/Administrators (Kshatriyas)
4. Working with ideas - Scholars/Priests (Brahmanas)

China's History: Warfare, Violence, Aggression

China was born around 2000 BC - about 1000 years after India. China's history is similar to India's: many kingdoms fighting many wars with one another. But that is where the similarity stops. The nature of the warfare was completely different in each case.

In India, the armies of the two warring kingdoms would meet at the battlefield and start fighting at sunrise. At sunset, they would stop and evaluate the situation. The army which fared better was declared the winner. Then the losing king would acknowledge the winning king as his overlord - and pay him a tribute every year. Thus it was limited warfare.

In China, the war would be a fight to the finish. The winning king would kill the losing king - even if he surrendered. The winning army would kill the entire losing army - even if they surrendered. Then the winning army would march to the capital of the losing kingdom - and kill every man, woman and child in the city. Thus it was total warfare. And this went on for 4000 years.

Therefore China's history is the most violent and blood-drenched history in the world. And 4000 years of bloody warfare have made the Chinese a very violent and aggressive people. In 1949, the Chinese Communist Party made the country a completely unified state for the first time in its history. As a result, all those inter-kingdom wars came to a stop. But a national character that has developed over 4000 years cannot change overnight. So where will all that violence and aggression go? Simple: outside. That is - the violence and aggression that went into internal wars for 4000 years is now going into the outside world.

Reference: History Of China - John Keay (2008)

RSS's System/Philosophy

RSS is supposed to be a Hindu and an anti-Western/modern/industrial organisation. But its system is to train people to become good social-workers; which is nothing but an industrial system - a factory. Whereas Hindu philosophy says that each human has a unique Swadharma; and the goal of life is to discover our Swadharma - and fulfill it.

Congress Propaganda: Gandhi/Nehru Vs Bhagat Singh / Subhash Chandra Bose

When the Covid-19 lockdown began, I took up a small project that I had always wanted to do: To compile a list of Bollywood's all-time greatest patriotic songs. To do this, I went through all the old songs. And I found something very interesting:
1. Half the songs were familiar - I had seen them regularly on Chitrahaar (remember that program on Doordarshan?) as a kid in the 1980s and 1990s. But half the songs were new - I had never seen them on Chitrahaar.
2. Very coincidentally - the songs that Chitrahaar regularly showed glorify Gandhi and Nehru. And the songs that Chitrahaar never showed glorify Bhagat Singh and Subhash Chandra Bose.

There were also state-versions of Chitrahaar - in each state's language. Extending the above analysis to Maharashtra's Marathi version of Chitrahaar, I think it never showed songs that glorify Vinayak Savarkar. My Marathi friends can confirm this.

Nice propaganda by the Congress Party!

Socialism, Capitalism And India's Muslim Middle-Class

When Partition happened in 1947, most of our middle-class Muslims moved to Pakistan. So post-Partition India's Muslim community consisted mainly of lower-class Muslims. Then in 1947, Nehru adopted inefficient government-controlled socialism as our economic system. As a result, our economy grew at a rate of 3% per year. And our population grew at a rate of 2% per year - so our per capita income grew at a rate of 1% per year. But the East Asian and South East Asian countries adopted efficient free-market capitalism as their economic system - and grew at a rate of 10% per year.

Fast economic growth creates a big middle-class. Due to our slow economic growth under socialism, we were not able to create a Muslim middle-class (that we had lost in Partition). Finally in 1991, Prime Minister P V Narasimha Rao changed our economic system from socialism to capitalism - and our economy started growing at the rate of 7-8% per year. This fast economic growth created a big Indian middle-class. Specifically: It created a small Muslim middle-class - for the first time since 1947.

So our Muslim middle-class is small and recent (only since 1991). Thus Nehru's socialism delayed the formation of a Muslim middle-class by almost 50 years - and therefore also delayed the modernisation of the Muslim community.

Hindus And The Modernisation Of India's Muslims

Recent events (first the anti-CAA riots and now the Covid-19 outbreak) have glaringly shown how deeply our lower-class Muslims are immersed in fundamentalism. What is the solution for this? There is only one: modernisation. And who must do this? Ideally - anybody/everybody who can. But there is an important limitation here: Hindus cannot do this - because of the nature of the problem (fundamentalism). Any effort by Hindus in this regard will be a non-starter. So it has to be done by middle-class Muslims only.

Therefore Hindus have been doing nothing in this regard since 1947. And the results of this approach are there in front of us today. So this approach is clearly unsustainable. Either middle-class Muslims are not modernising their lower-class counterparts. Or their efforts are not being enough. So Hindus must either kick-start the process (if it is the former) - or accelerate the process (if it is the latter). And how to do this?

The starting point for every change-process is a discussion/conversation. The biggest problem in this matter is that there is no discussion/conversation happening at all. Why? The answer is obvious: Hindus feel that if they criticise Islamic fundamentalism (or Christian fundamentalism - but that is another story) it looks like they are criticising Islam - which is 'hatred' and therefore wrong. So we have chosen a comfortable silence since 1947. And today the results of this silence are there in front of us. Therefore this comfortable silence is no longer an option.

Hinduism says 'Sarva Mata Sama Bhaava'. So we respect all religions - including Islam. But we will not tolerate Islamic fundamentalism - which is an evil ideology. We must be very clear about this difference. That will give us the confidence to criticise Islamic fundamentalism freely and openly - based on facts/logic. At the same time, we must (equally freely and openly) support the middle-class Muslims who are trying to modernise their lower-class counterparts. There is no contradiction between respecting Islam on the one hand and criticising Islamic fundamentalism on the other hand. In fact - the two approaches are two sides of the same coin. Each strengthens the other. And each is incomplete without the other.

We are all one country - India. We will all either prosper together - or we will all go down together. These are our only two options - there is no third option. So let us all work together to make our country better. Bharat Mata ki jai.

Bollywood's Greatest Patriotic Songs

Bollywood's greatest patriotic songs (in rough chronological order):

1. Vande Mataram
Lyrics: Bankim Chandra Chatterjee
Music: Hemant Kumar
Voice: Hemant Kumar
Movie: Anand Math (1952)

2. Kadam Kadam Badhaye Ja
Lyrics: Vanshidhar Shukla
Music: Ram Singh Thakur
Voice: Ramchandra Chitalkar
Movie: Samadhi (1950)

3. Mera Rang De Basanti Chola
Lyrics: Ram Prasad Bismil
Music: Prem Dhawan
Voices: Mahendra Kapoor, Mukesh, Rajendra Mehta
Movie: Shaheed (1965)

4. Sarfaroshi Ki Tamanna
Lyrics: Bismil Azimabadi
Music: Prem Dhawan
Voices: Mohammed Rafi, Manna Dey, Rajendra Mehta
Movie: Shaheed (1965)

5. Aao Bacho Tumhe Dikhaye
Lyrics: Kavi Pradeep
Music: Hemant Kumar
Voice: Kavi Pradeep
Movie: Jagriti (1954)

6. Yeh Desh Hai Veer Jawanon Ka
Lyrics: Sahir Ludhianvi
Music: Omkar Nayyar
Voice: Mohammed Rafi
Movie: Naya Daur (1957)

7. Aye Mere Pyare Watan
Lyrics: Prem Dhawan
Music: Salil Chaudhari
Voice: Manna Dey
Movie: Kabuliwala (1961)

8. Ab Tumhare Hawale Watan Sathiyo
Lyrics: Kaifi Azmi
Music: Madan Mohan
Voice: Mohammed Rafi
Movie: Haqeeqat (1964)

9. Apni Azadi Ko Hum
Lyrics: Shakil Badayuni
Music: Naushad Ali
Voice: Mohammed Rafi
Movie: Leader (1964)

10. Aye Watan Aye Watan
Lyrics: Prem Dhawan
Music: Prem Dhawan
Voice: Mohammed Rafi
Movie: Shaheed (1965)

11. Jahan Daal Daal Par
Lyrics: Rajendra Krishan
Music: Hansraj Behl
Voice: Mohammed Rafi
Movie: Sikandar E Azam (1965)

12. Mere Desh Ki Dharti
Lyrics: Gulshan Bawra
Music: Kalyanji-Anandji
Voice: Mahendra Kapoor
Movie: Upkaar (1967)

13. Hai Preet Jahan Ki Reet Sada
Lyrics: Indivar
Music: Kalyanji-Anandji
Voice: Mahendra Kapoor
Movie: Purab Aur Paschim (1970)

14. Taqat Watan Ki
Lyrics: Gopaldas Neeraj
Music: Sachin Burman
Voices: Manna Dey, Mohammed Rafi

Movie: Prem Pujari (1970)

15. Har Karam Apna Karenge
Lyrics: Anand Bakshi
Music: Laxmikant-Pyarelal
Voices: Kavita Krishnamurti, Mohammed Aziz
Movie: Karma (1986)

Microeconomic Foundations Of Macroeconomics?

# Neo-classical microeconomics looks at economic agents - by assuming them to be rational maximisers.
# Keynes gave birth to macroeconomics which looks at the aggregate economy independently - ie, without bothering about microeconomics.
# Neo-classicists attacked Keynesian macroeconomics - saying it does not have 'solid microeconomic foundations'.
# Neo-Keynesians are responding by building the 'solid microeconomic foundations' for Keynesian macroeconomics.
# But all this is funny when the foundation of microeconomics (rational maximisation) is itself being broken - by behavioural economics.

India's School-Education System & Basic Literacy Skills

My students are bombarding me with demands for the 'notes' for my subjects. Last year's lectures have been recorded and the videos are available to them. They also have the textbook - its PDF is available free on the Internet. Still they are insisting on 'notes'.

For understanding a subject, the most effective method is listening to a lecture. The second most effective method is reading a good textbook. The least effective method is reading 'notes'. Still my students are insisting on 'notes'.

How do we understand a subject through the first two (effective) methods? The process consists of these steps:
1. Reading/Listening
2. Understanding
3. Thinking logically
Now these also happen to be basic literacy skills - which are the foundation for all other skills. Once students have these fundamental skills, they can develop other higher level skills.

So if the students are insisting on 'notes', that means they do not have these basic literacy skills. This is a damning indictment of India's school-education system. It means that we are basically producing a nation of educated illiterates. How will we survive in the 21st century - which is the Knowledge Century?

Minimum WhatsApp Group Distance (MWGD)

Consider any of your WhatsApp groups. Consider any other member of that group - let us call him/her as X. Now you are connected to X through one WhatsApp group. That is - the Minimum WhatsApp Group Distance (MWGD) between you and X = 1.

Now consider any other of X's WhatsApp groups (which you are not a member of). And consider any other member of that group (with whom you don't share any WhatsApp group) - let us call him/her as Y. So you are connected to Y through two WhatsApp groups. That is - the MWGD between you and Y = 2.

Now almost all the 40 crore Indians on WhatsApp are connected to one another like this. The only thing that varies is the MWGD. The lesser the MWGD between two persons, we can say they are 'closer' to each other. The greater the MWGD between two persons, we can say they are 'farther' from each other.

Question: What may be the MWGD between the two Indians who are 'farthest' from each other?

Money, Survival, Work and Happiness

# Without money we cannot survive. So money is needed for survival.
# Most people think: "I need Rs X to survive and another Rs Y to be happy. So I need Rs Z = X + Y to survive and be happy."
# But happiness comes from work – ie, from doing the work that we like doing. So the thinking stated above is wrong.
# In the 21st century, 99% of jobs/careers pay us at least Rs X – the money we need to survive.
# So don't run after the extra Rs Y that you think will make you happy – because it will not.
# Instead just find out what you like doing – and make it your job/career.

India's Economic Slowdown: Cyclical or Structural?

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.

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.

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".

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 . . .

Caste Politics

1. What is politics? It is not 'social service' - it is the pursuit of power.
2. What kind of system is society? Liberals say it is a system made up of individuals. They are wrong. Society is a system made up of groups.
3. Now putting #1 and #2 together: Politics is the contest for power - not among individuals, but among groups.
4. Which is the most basic type of group in Indian society (as of now)? It is caste.
5. Now putting #3 and #4 together: Politics is the contest for power among different castes.

So nationalists who question/criticise caste politics are basically making the same mistake as liberals - not understanding the fundamental nature of society and politics.

Work Is Worship

WORK IS WORSHIP

# Our degrees and the colleges we went to are our inputs. The work we do is our output. A system is not judged by its inputs - it is judged by its output. So the world will not ask us: "What are your degrees?" or "Which colleges did you go to?". It will ask us: "What work are you doing?".
# All work is important. No work is unimportant. So exactly what work we are doing is not important. What is important is giving 100% to that work. Everybody cannot be CEO of Google or CEO of Apple. And it is not needed also. Whichever work we do, we must give that work our 100%. A factory-worker who gives his 100% is superior to a CEO who gives his 99%.

2019 Man Of The Year: Amit Shah

# For ending the coalition era of Indian politics
# For starting a new era – the era of BJP dominance
# For turning BJP into a full-fledged national party
# For integrating Jammu & Kashmir completely with India
# For giving refuge to the persecuted Hindus of South Asia

Amit Shah is 2019's Man Of The Year . . .

Citizenship Amendment Bill (C.A.B)

# There are 200 countries in the world.
# There are 120 Christian countries in the world.
# There are 50 Muslim countries in the world.
# There are 2 Hindu countries in the world: India and Nepal.
# Nepal is small and is under the shadow of China.
# So effectively there is ONLY ONE Hindu country in the world: India.
# So India MUST give shelter to every persecuted Hindu from any country in the world.
# Inside India (for Indian citizens) all religions ARE equal. But at our borders (for non-Indian refugees) all religions are NOT equal. India being the ONLY major Hindu country in the world MUST give preference to persecuted Hindus from other countries.
# Liberals always say that we must give special rights to minorities. In the world, Hindus are the minority. So Citizenship Amendment Bill (C.A.B) is nothing but a special right to this real global minority.

State Vs National Politics/Elections

In the April/May national election, the BJP stormed back to power with an even bigger majority than before – by winning an astounding 303 seats. The BJP became supreme. In particular – Prime Minister Narendra Modi and BJP Chief Amit Shah (later Home Minister) became supreme. This supremacy became even stronger on August 5 – when the central government effectively revoked Article 370 and brought Jammu & Kashmir completely under the Constitution. It even went one step further and ended Jammu & Kashmir's statehood – by dividing it into two Union Territories. The Prime Minister and Home Minister were supreme and unchallenged – both as administrators and as political leaders.

Then in October, two states - Haryana and Maharashtra - had their elections. BJP/NDA was the red-hot favourite to win both the state elections. Then came the first shocker. In Haryana, BJP became the biggest party – but failed to get a majority. This was mainly due to the opposition of the biggest caste in the state – the Jats. Eventually (and ironically) BJP was forced to ally with the Jat party JJP in order to form the government. Then came the second shocker. In Maharashtra, BJP's NDA partner Shiv Sena demanded the Chief Minister's post – in spite of it winning lesser seats. When BJP refused, Shiv Sena broke the alliance and joined hands with arch-rivals NCP and Congress to form the government (thus effectively defecting to the UPA).

BJP still has 303 seats at the centre – and the Prime Minister and Home Minister still have complete control over the central government. But their aura of invincibility has been shattered. This is especially so due to the fiasco in Maharashtra – which is India's second biggest state and biggest economy. There BJP lost the state – in spite of it winning the election. The question is: Why did these setbacks happen? And more importantly: What is the solution to them?

The answer is a fundamental truth about Indian politics: national politics and state politics are two completely different ball-games. Therefore – the strategy and tactics that help you to win one game will not help you to win the other game. Specifically – the BJP's victory in the national election was mainly due to 3 factors:
1. The central government's pro-poor welfare schemes
2. The RBI successfully controlling inflation
3. The Prime Minister's popularity

Now none of these factors matter in state elections – which are fought, won and lost exclusively on state issues. The Indian political-administrative system is a two-level system: centre and states. The government at each of the two levels has its own functions to perform. The average Indian voter may still be a poor and illiterate farm-worker in a village. But still, he/she knows the difference between the central government and the state government – and therefore the difference between the national election and the state election.

If that is the case, then what are the important factors in state politics – especially the ones that BJP may be neglecting due to its total command over national politics? We can think of 3 critical factors:

1. Strong State Leaders
A major reason for BJP winning 303 seats at the centre is that Indians want to have a strong leader (Prime Minister). Now why on earth should this basic principle be different at the state level? Do Indians want a strong Prime Minister but a weak Chief Minister? Just as Indians want a strong leader for the country, similarly they also want a strong leader for their state (Chief Minister). And from a national party's point of view, it will be strong only if it has strong leaders at both the levels – centre and states. Central leaders must not see strong state-leaders as a threat – but instead as a strength. One of the key reasons why Congress Party declined is because the insecure Indira Gandhi ruthlessly cut down strong state-leaders and replaced them with weak puppets whose only qualification was their loyalty to her.

2. Managing Caste Equations
A primary reason for BJP sweeping the national election is that a majority of Hindus voted for it – irrespective of their caste. This is a triumph of the Hindutva project – whose aim is to unite all Hindus. In a national election, the unit is the whole country – so Hindutva can succeed fully. But in a state election, the unit is just the state – so state-level caste equations will come into the picture. Caste is the social system of an agricultural society – which India is and will be for the forseeable future. As we modernise (industrialise + urbanise) caste will become obsolete – and Hindutva will succeed fully in state elections also. But till that time, it will be important for a political party to manage each state's caste equations intelligently.

3. Managing Alliances/Coalitions
Narendra Modi and Amit Shah have 100% control over the BJP. But the other NDA parties are a completely different matter. So they cannot treat leaders of other NDA parties the way they treat other BJP leaders. Again – the basic point about the centre and the state being two different systems is relevant here. That is, there is a national NDA – and there is an NDA in each state. The state-NDA must not be seen merely as an automatic subset of the national-NDA. The state-NDA is an independent entity with its own dynamic – and hence must be treated accordingly. Using the national-NDA's management techniques to manage the state-NDA will lead to sub-optimal outcomes. In this regard, we can remember how Prime Minister Atal Bihari Vajpayee (one of post-1947 India's greatest leaders) treated the leaders of even the smallest NDA parties.

Thus if the BJP focusses on these 3 factors in state politics, it will enjoy the same success in state politics that it currently enjoys in national politics.

Satyameva Jayate: Life, Career, Success & Truth

'Satyameva Jayate' means 'Only truth wins'. We always interpret this as 'Truth always wins over falsehood'. That is – we think the statement is about truth vs falsehood: so truth wins and falsehood loses.

There is another way of looking at this statement. All of us want to succeed in our lives and our careers. Whenever we are not satisfied with our lives or careers, we read books/articles and watch videos on 'How to succeed'. That is – we look for tips/tactics/techniques on how to succeed. This is a narrow view. The real answer is contained in this timeless line from the Mundaka Upanishad: Satyameva Jayate – only truth wins. So if I am not winning/succeeding, that means only one thing: I am not walking the path of truth; I am not living a life of truth; I am not doing truthful work. That is – the line is not just about truth vs falsehood. It is also about truth vs ME! So I must constantly ask myself: Am I walking the path of truth? Am I living a life of truth? Am I doing truthful work? If I am not, then no amount of tips/tactics/techniques (from books/videos/articles) will help me to become successful.

Hinduism: Buddhism, Jainism, Sikhism

The most fundamental law of the universe is the Second Law of Thermodynamics. It states that the entropy/disorder of a system always goes on increasing. And its corollary is: The only way to reverse this increase in disorder is to supply energy to the system. This law is about physical systems – but it also applies to society. That is – as time passes, a society/culture tends to decay. This is true for all societies/civilisations. India is the world's greatest civilisation not because it is immune to this law (it is not) – but because it makes use of the law's corollary. That is – whenever Indian/Hindu civilisation has shown signs of decay, it has produced great men who injected fresh energy into it and reversed the decay.

The first instance of this happened about 1000 years after the Vedas were composed – ie, around 500 BC. Hinduism had decayed – it had lost touch with Dharma and become filled with empty rituals and ceremonies. Then two great philosophers were born – Gautama Buddha and Vardhamana Mahavira. They founded two new religions – Buddhism and Jainism. By doing so, they restored Hinduism to its foundation of Dharma and thus rejuvenated it.

The second instance happened about 1300 years later – around 800 AD. Buddhism had become widespread but it had decayed – and was weakening Hinduism. Then another great philosopher was born – Shankara. He re-constructed Hinduism on its foundation of Vedas-Upanishads and thus revived it.

400 years later – around 1200 AD, the Turks from Central Asia conquered North India. They started massacring Hindus and demolishing temples – and continued to do so for 300 years. Once again, Hinduism was in crisis. If ever Hinduism needed a reformer and saviour – it was now. In 1469 AD, yet another great philosopher was born – Guru Nanak. He founded a new religion Sikhism and infused new life into Hinduism.

Around 1500 AD, another Central Asian people – the Mughals – conquered North India. They continued the Turks' project of massacring Hindus and demolishing temples. Since Sikhism was revitalising Hinduism, it became a special target. In 1606, Jahangir tortured and executed the 5th Guru Arjun Dev. In 1675, Aurangzeb tortured and executed the 9th Guru Tegh Bahadur. Finally in 1699, the 10th Guru Govind Singh built the Sikh community into an army, fought against the Mughals – and saved Hinduism from being wiped out.

Today on the sacred occasion of Guru Nanak's 550th jayanti, let us remember the sacrifices of the Sikh Gurus and their followers for the sake of protecting Hinduism . . .

The Rama Temple at Ayodhya

The Rama temple at Ayodhya was demolished in 1528 – almost 500 years ago. So from the viewpoint of modern law and evidence, the case for the temple today may not have been 100% solid. But still the Supreme Court unanimously gave the disputed land completely to the temple. Why? The answer is obvious. It is due to the post-2014 and post-2019 political situation in the country. That is – it is due to a Hindu nationalist party winning a majority in two consecutive national elections (with the second majority being bigger than the first).

In theory, a court must give its verdict purely on the basis of law and evidence. But in reality, a court should give its verdict by also considering the larger social context in the country – especially in sensitive cases. This was not an easy verdict to give. The five judges faced the toughest test of their long and illustrious careers – and they passed it with flying colours. Let us thank them. And let us thank the thousands of ordinary men and women who fought this long war. May Lord Rama bless us with wisdom and strength. Jai Shri Ram.

Shudras, Caste Politics and Economic Reforms

Ancient Indian society had 6 groups: priests/Brahmanas (5%), warriors/Kshatriyas (5%), merchants/Vaishyas (5%), farmers/Shudras (50%), workers/Dalits (15%) and tribals/Adivasis (7%). So Shudras (lower castes) are the majority. In 1979, Prime Minister Morarji Desai of the Janata Party government set up a Commission under a man called Bindheshwari Mandal to look into the welfare of Shudras. The Commission submitted its report in 1983. It recommended 27% reservation for backward Shudra castes (Other Backward Classes or OBCs) in government jobs. In 1990, Prime Minister V P Singh of the National Front government implemented the Mandal Commission's report.

Shudras are mainly farmers and are made up of many castes. Some castes are big ('forward castes') and others are small ('backward castes'). The Mandal Commission gave reservation to backward castes but not to forward castes. Each state/region has its own forward castes: Uttar Pradesh (Yadavs), Bihar (Yadavs), Haryana (Jats), Gujarat (Patels), Maharashtra (Marathas), Karnataka (Lingayats + Vokkaligas), Andhra Pradesh (Reddys + Naidus), etc.

In 1991, we started changing our economy from inefficient government-controlled socialism to efficient free-market capitalism. The process is still incomplete. We freed our industry from government control. But our agriculture and inputs to industry (land and labour) are still under government control. So today, even after 3 decades of economic reforms, only 25% of our people work in industry. But 45% of our people still work in agriculture – which produces only 15% of our economic output. So on the one hand, industry has not grown to employ farmers as factory-workers and take them out of agriculture. And on the other hand, our inefficient agriculture has kept our large number of farmers poor. The worst-affected people by this double whammy are the farmer-castes who do not have reservation – ie, the forward Shudra castes.

Due to these developments, the forward Shudra castes started demanding reservations in both education and government jobs. In 2016, Jats (30% of Haryana) launched an agitation to demand for reservation. In 2018, Marathas (35% of Maharashtra) did the same. In both cases, the state government succumbed and granted reservation to the agitating forward caste. And in both states, the case went to the High Court. The Bombay High Court upheld Maharashtra's Maratha reservation but the Punjab-Haryana High Court shot down Haryana's Jat reservation. So Marathas were happy with the ruling BJP in Maharashtra but Jats were furious with the ruling BJP in Haryana. As a result, BJP won the election in Maharashtra but lost the election in Haryana.

What does all this mean for India's politics? India's politics has always been known to be based on caste – which is the fundamental unit in the social system of an agricultural society. But BJP won this year's national election by beating the equations of caste politics. The most spectacular example of this was Uttar Pradesh – where it crushed the alliance of the two biggest castes (Yadavs + Dalits). This led many people to say that caste politics has ended and we have entered the era of post-caste politics. The elections of Haryana and Maharashtra have disproved this hypothesis. Caste may no longer be a factor in national politics – but it is still a factor in state politics.

And what does this mean for India's economy? It means that as long as our agriculture and inputs to industry are controlled by the government:
1. Industry will not grow
2. Agriculture will be inefficient
3. Farmers will be many and poor
4. Farmer-castes will be angry
5. They will demand reservations
6. And they will get it – because of their numbers
The only way to get out of this vicious cycle is to free our agriculture and inputs to industry (land and labour) from government control.

India's Economic Reforms and the States

India's government is a federal system – ie, a two-level system: centre + states. Since 1991, our media and economists have been talking about economic reforms (transformation from government-controlled socialism to free-market capitalism) and demanding economic reforms – which is a good thing. The problem is they demand these reforms from only one of the two levels: the centre – which is only 50% of the equation. They have completely forgotten the other level and the other 50% of the equation – the states.

An economic system needs 3 inputs to make products and services – land, labour and capital. Our economy is inefficient because our markets for all these 3 inputs are inefficient. So to make our economy efficient, we must reform our markets in land, labour and capital. Successive central governments have been reforming our capital market by reforming our financial system since 1991. The problem is the other two markets have not been touched – land and labour. Why?

Our Constitution has divided powers between the central government and state governments by assigning some areas to the centre (central subjects), some areas to the states (state subjects) and some areas to both (concurrent subjects). Land is a state subject and labour is a concurrent subject. So it is the state governments who must carry out reforms in our land market and labour market – ie, land reforms and labour reforms. So our media and economists must take a break from their obsession with the central government. They must start demanding economic reforms from the state governments – especially land reforms and labour reforms.

Conservatism Vs Liberalism: Society, Individuals, Government

A country has 3 basic entities: society, individuals and government. What are their relative importance? There are two fundamentally different views:
1. Society is more important than individuals and government (Conservatism)
2. Individuals and government are more important than society (Liberalism)

Society, Government, Economy

Society is a system of people living together. For it to exist, the people must follow certain rules: don't cheat, don't steal, don't kill, etc. So society created a system to make these rules and enforce them. That system is called 'government'. So the purpose of the government is to make and enforce rules.

To live, people need many things – like food, clothes, houses, etc. People obtain these things by making and exchanging them with others. They do this as individuals, families or groups. These make up the economic system or the economy. So the economic system is made up of individuals, families and groups/companies. And its purpose is to produce goods and services, and sell them.

Thus in society, many different functions need to be performed. And society has developed a system to carry out each of those functions. For society to be efficient, each system must perform only its function – it must not perform any other function. If a system performs a function other than its own, then society will become inefficient.

So the government's job is making and enforcing rules – not making and selling products and services. That is the job of the economic system (individuals, families and companies). If the government tries to do the job of individuals, families and companies, it will lead to an inefficient society.

India - $ 5 Trillion GDP in 2024

GDP is always stated in current prices. When the Prime Minister declared a goal of $ 5 trillion GDP in 2024, it means $ 5 trillion in 2024 prices - not in 2019 prices. So a part of this growth/increase will be price increase. That is - the growth rate needed to go from $ 3 trillion to $ 5 trillion in 5 years will include inflation (the rate of price increase). In this case, the (nominal) growth rate needed is 11% (because 3 × 1.11^5 = 5). The GDP growth rate announced every quarter and every year is the real growth rate - which is the nominal growth rate minus inflation. Our inflation is currently 3%. If we continue with this inflation, we have to grow at a real rate of 11 - 3 = 8%. If we allow inflation to increase to 5%, we have to grow at a real rate of 11 - 5 = 6%. So the target of $ 5 trillion is easily achievable.

CORRECTION:
My friend Amitesh Singh has pointed out a fundamental error in the above analysis. If India's inflation is x% and America's inflation is y%, then the Rupee will go down against the Dollar by (x - y)%. And the GDP target (5 trillion) is in Dollars. This means two things:
1. We won't get any benefit from a higher inflation in reaching the GDP target.
2. The only 'discount' we get in the required growth rate of 11% is America's inflation rate (currently 2%). So we have to grow at 11 - 2 = 9%.

India: Capitalism and Economic Freedom

# Freedom has two parts: political freedom and economic freedom.
# Since the beginning of history, every civilisation had a free economic system.
# In 1848, Karl Marx designed a government-controlled economic system – and called it 'socialism'.
# And he called the free economic system as 'capitalism'.
# In 1917, Lenin implemented socialism in Russia.
# In 1947, Nehru implemented socialism in India.
# So in 1947, we got our political freedom – but lost our economic freedom.

Money, Happiness, Selfishness

People say going after money is 'selfishness'. Is this language correct? Are we our bank accounts? Going after money is moneyishness – not 'selfishness'. When we go after money, we go away from ourselves. So going after money is the opposite of selfishness. It is anti-selfishness – or at best, false selfishness.

We are not our bank accounts. Then what are we? What is our essence? Our essence is our strength/potential. To achieve happiness, we must discover our strength/potential and do the work that uses our strength/potential. In other words – we must reject false selfishness (going after money) and embrace true selfishness (doing work that uses our strength/potential).

The problem in the world is not selfishness. The problem in the world is false selfishness. And the solution is true selfishness.

Impact Of Artificial Intelligence (AI) On Jobs

Q: What will be the impact of Artificial Intelligence (AI) on jobs?
A: AI will change the economy from A to I – ie, from an A-shaped system to an I-shaped system.

Since the Industrial Revolution (c1800), the structure of the economy has been like this:

That is, the economy had:
1. A few high-skilled jobs (scientists + researchers)
2. Some medium-skilled jobs (engineers + managers)
3. Many low-skilled jobs (workers + operators)
Thus the economy was roughly A-shaped.

Now AI is simplifying most tasks/functions so that they can be done even with low skills. So it is converting the medium-skilled jobs into low-skilled jobs – effectively pushing jobs from the middle to the bottom. And it is creating high-skilled jobs at the top – scientists/researchers to design and build these AI systems.

So the economy will become like this:

That is, the economy will have:
1. Many high-skilled jobs (scientists + researchers)
2. A few medium-skilled jobs (engineers + managers)
3. Many low-skilled jobs (workers + operators)
Thus the economy will become roughly I-shaped.

[Idea source: R Jagannathan, Swarajya magazine]

Economic Reforms, Welfare Schemes & Inflation: How To Win Elections In India

HOW TO WIN ELECTIONS IN INDIA

1991–1996: P V Narasimha Rao carried out economic reforms – and lost the election.
1998–2004: Atal Bihari Vajpayee carried out economic reforms – and lost the election.
Lesson #1: Economic reforms don't win the election.

2004–2009: Sonia Gandhi did not carry out any economic reforms. Instead she carried out welfare schemes – and won the election.
Lesson #2: Welfare schemes win the election.

2009–2014: Sonia Gandhi increased her welfare schemes. But this increased the fiscal deficit – which increased inflation. She lost the election.
Lesson #3: High inflation loses the election.

2014–2019: Narendra Modi learnt all the 3 lessons. So he
1. Carried out some economic reforms
2. Carried out many welfare schemes
3. Controlled inflation – by controlling the fiscal deficit
He won the election.

Work Hard, Work Smart, Work Right

The old mantra for success was Work Hard (ie, maximise effort). Then the new mantra for success became Work Smart (ie, maximise efficiency). Which is correct? Of course, both working hard and working smart are important. But in this whole Hard Work vs Smart Work debate, we forgot the fundamental truth. Which is that every human has his/her own true potential – and so real success is finding out that true potential and using it. Hence the key to real success is to do the right work – ie, the work that uses our true potential. Thus the real mantra for success is not just Work Hard or Work Smart – but 'Work Right'!