The advantage of having a corporation over being an individual investing in trade voyages etc, is that an individual’s debts could be inherited by descendants (and hence, one could be jailed for debts of other family members, for example). A corporate charter however, was and is limited in its risks, to just the amount that was invested. A right not accorded to individuals.
As corporations did manage to increase their wealth and therefore political power, laws that initially tried to manage them were further relaxed. As we have seen in the name of East India company, corporations would benefit from the State’s war-making activities, further increasing their wealth and influence.
Yet, it was claiming of a corporation to be an individual in the United States in the 1800s, and claiming the same rights as a person that helped to provide for large expansion of corporate capitalism.
United states of America Supreme Court ruling in 1886 ... arguably set the stage for the full-scale development of the culture of capitalism, by handing to corporations the right to use their economic power in a way they never had before. Relying on the Fourteenth Amendment, added to the Constitution in 1868 to protect the rights of freed slaves, the Court ruled that a private corporation is a natural person under the U.S. Constitution, and consequently has the same rights and protection extended to persons by the Bill of Rights, including the right to free speech. Thus corporations were given the same “rights” to influence the government in their own interests as were extended to individual citizens, paving the way for corporations to use their wealth to dominate public thought and discourse.
But since then, either way, the influence and power of large corporations has increased and is an undeniable facet of the 'global village' and corporate globalization. Of course, the influence of various groups and entities is nothing new. But today, the increasing size and wealth of corporations point to more concentration of wealth and of political and economic power and influence than before. Indeed, today, of the 100 largest economies in the world, 51 are corporations; only 49 are countries (based on a comparison of corporate sales and country GDPs).
We , In India have been witness to a Unique phenomenon in the recorded world history when a Multinational corporation slaved an entire country, That is India. Who were these people who created these corporations and who have inherited them now? Well, let me explore the history and the related controversies through the example of East India Company. Trust me only the modus operandi has changed. MNC's still own countries and the only reason populations exist is to serve the interests of corporations. It's time that Indian corporates must rise and Government of India must build up muscle to safeguard the wealth of corporations make outside India.
East India Companies (EICs)
What we Know
East India Company, a group of British Merchants or British Government joined together and formed a company and British Dutch French Belgium Kings Gave unbridled charter rights to Trade over vast India China, Far East Asia and Africa. All believe that the same structure identically followed when Bank of England was Chartered a year later. Same thing continued with Lloyds which was chartered a year later. It was also told that this EIC was dissolved in 1857 and British Queen took over the India.
Commodities of EICs
EICs bought tea, spices from South East Asia. But what did they sell. What ever they sold gave them incredible profits and with this they maintained huge private army, traveled thousands of miles to do business conquering all nations in South East Asia. We know that they sold cotton and clothes to India. The other magical commodity which they sold is to Chinese was grown in India, after EICs forced poor Indian farmers at point to abandon all other agricultural production, the name of which if Indians hear probably they first laugh and then faint, it is the most addictive drug Opium.
Another exciting product that was dealt on large scale by EICs (all) was selling slaves from all places to South America to work in sugar, tea plantations and ranches. From India they called them coolies, from china they are called pigs and from Africa proper they are called slaves. British EIC sold close to million slaves (these products are terrific as the cost production is zero and what ever the sale price is it is pure profit) till the beginning of 20th century.
The East India Company (the “Company”) was one of the institutions created as a product of the Venetian Merchants takeover of England’s commerce. In England it was called British East India Company. The Levant Company, set up to trade with the East, had been formed in 1592 as a fusion of the Turkey Company (with predominant partnership by house of Sassoon, fathers-in-law of Rothschild) and the Venice Company (probably the House of Rothschild). In 1600. The East India Company was formed as a spin-off (subsidiary of) of the Levant Company. It received a perpetual charter from the British Monarchy for a monopoly on trade with the East Indies. This east india company had many partners under various names belonging to various nations, Dutch, British, Belgium and French East India Companies and Dutch, British and French East African Companies and received same perpetual charters from all these countries.
Most importantly The Levant Company or Turkey Company or The Venice Company and East India Companies are all partnerships. Meaning they need not declare their profits, nor assets nor the partner names or addresses. An appointed representative of the company will file returns and act as liaison of the principal owners. Worst with East india company was, it was a subsidiary of The Levant Company. As we see with many Multi National Companies (MNCs) that are forming partnership in India are also Subsidiaries of some other holding companies, and these holding companies in turn are subsidiaries of another set of numbered companies and these numbered companies in turn are held in trusts and these trusts are held in partnership, and the partnership address is a P.O. Box number some where in Central London or in New York. We see only the officers and lawyers of these MNCs not the real owners. It is the identification of the ownership of these MNCs and EICs will solve the puzzle of dis appeared EICs, a puzzle probably except Japan none in Asia ever understood, Indians never thought of it so never worried about it and do not care about it.
This company had 40 owners. They elected a governor, a deputy governor and a board consisting of 24 directors. The same structure identically followed when Bank of England was Chartered. Who are these 40 share holders/owners of this company. But in reality East India Companies-British East India Company, French East India Company and Dutch East India Company-in their noble cause of civilizing mankind looted close to $ 1.6 trillion worth of wealth from the countries they traded with. Ruthlessly exploited more than dozen countries by selling their subjects as slaves. Killed more than 100 million people in order to maximize their profit and minimize their cost, encouraged wholesale addiction of opium among 30 million people, created more than 30 famines all across the nations. These gigantic behemouth East India Companies were the true Multinationals of their time. They dis appeared from the face of earth-we should believe so-and reappeared as Multi National Corporations controlled by the same owners their heirs successors. This part examines the origin of these industrial houses that owned EICs and the other industrial houses that were involved with these East India Companies.
Who are these 40 persons who owned this company? Why did British government pledged its soldiers for this company for next 400 years conquering every land this company touched? Where did the money they made in the company went? To British government or to the owners? How much money they made? What are the commodities these traders traded?
Why after 275 years after its inception when this British East India company was dissolved, all properties were absorbed by Lloyds-a behemoth of Shipping Insurance under writing and investment Bank- which is a subsidiary of N.M. Rothschild & Co. Though after Mrs. Victoria proclaimed India as part of British Empire why the Indian affairs were run by Privy Council with Managing partnership of EIC, and Chancellor Exchequer of British Treasury who happened to be all the time the Chairman of Bank of England, another Family bank of House of Rothschild.
These families constitute a financier oligarchy; they are the power behind the Windsor throne. They view themselves as the heirs to the Venetian oligarchy, which infiltrated and subverted England from the period 1509-1715, and established a new, more virulent, Anglo-Dutch-Swiss strain of the oligarchic system of imperial Babylon, Persia, Rome, and Byzantium....
The City of London dominates the world's speculative markets. A tightly interlocking group of corporations, involved in raw materials extraction, finance, insurance, transportation, and food production, controls the lion's share of the world market, and exerts virtual "choke point'' control over world industry." http://members.tripod.com/~american_almanac/largest.htm
Steinberg belongs to a group of historians associated with economist Lyndon Larouche. They have traced this scourge to the migration of the Venetian mercantile oligarchy to England more than 300 years ago. http://members.tripod.com/~american_alm ... nlowry.htm
Although the Larouche historians do not say so, it appears that many members of this oligarchy were Jews. Cecil Roth writes: "The trade of Venice was overwhelmingly concentrated in the hands of the Jews, the wealthiest of the mercantile class." (/The History of the Jews in Venice, 1930) /
The Jewish banking families made it a practice to marry their female offspring to spendthrift European aristocrats. In Jewish law, the mixed offspring of a Jewish mother is Jewish. (The male heirs always marry Jews.) The daughter of Jewish banker Ernest Cassel married Lord Louis Montbatten, who was related to Queen Victoria and Prince Philip.
The British East India Company who snuck into India under the guise of traders first initiated colonisation. You can read about their Illuminati links at this page http://user.pa.net/~drivera/fw5.htm which says that "They were closely related to the Levant Company, and the Anglo-Muscovy Company, and spawned the London Company, which was chartered in 1606 by King James I, to establish the Virginia Plantation on a communistic basis, and the Plymouth Colony in 1621." And again "Every year, 24 Directors were elected by the Court of Proprietors (or shareholders, a majority of which were English Masons)."
The British traders were not allowed to own property in India but one of them managed to gain the favors of Mughal emperor Aurangzeb by curing his ill wife. In return, he asked for land. This piece of land became the Madras Headquarters of the East India Company.
EIC 1815 Rothschilds MNC 1975 Lib & Pvt
Free Trade in Action
EIC and Indian Gold for British paychecks
On the orders of Nathan Rothschild then Chairman Bank of England, Eight hundred thousand pounds of gold (close to 350 tons) was shipped out of India from East India Company to his brother James Rothschild in Paris to be sent to Admiral Nelson to pay salaries of British/Spanish soldiers fighting with Napoleon. Nathan was billed $ 2 per kilogram of Gold by East India Company. Historians believe that this $ 2 dollars is nothing but the shipping charges that were paid to the shipping company, Lloyds (at $ 2 per kilogram of gold), to carry the gold to James in Paris.
Essentially East India Company shipped the Indian gold Free obtained from Indian Free Trade to Nathan to be paid for British soldiers’ salaries who were fighting a European battle for British supremacy.
In the year 1600 East India Company was formed and given exclusive right to trade with India and south east Asia by British Monarchy under the concept of Free Trade and Globalization. The Charter was renewed in 1690. It was also given the right to civilize India. In the year 1965 club of Rome (top industrial houses- real owners of EICs or MNCs) divided the world in 10 economic segments and gave unbridled authority to ruthlessly exploit Segment 9 (India belongs to this segment 9) a group of mineral (diamond, gold, uranium, life saving medicinal plants, organic food and drinking water) oil natural gas rich south east Asian nations consisting one third of population of world- under liberalization (liberalize domestic economy to globalize its owners) and privatization (privatize so that Free Trade can further control domestic economy via global owners) to a group of MNCs.
Well One of the early venetian to land in England was the John Churchill the 1st duke of marlborough and he is ancestor to a famous English politician who created 'The great Bengal Famine' and killed 7 million Indians during WWII, Winston Churchill.
By 1701, the lunatics of the late-model incarnation of the Venetian Party had typically inbred a set of oligarchical families, mixing and matching Spencers, and Godolphins, and Churchills--the last headed by John Churchill, soon to become duke of Marlborough.Churchill had begun as a page boy to Charles II in 1665, behind the skirts of his sister Arabella, the mistress of the king's brother James. Then, for similar services rendered, Churchill received £10,000 from Charles II's favorite mistress.
On Churchill family whatever you read from English press (eulogizing) is pure bull crap. May be some other day when I finish reading the book I am reading on American independence and influences on Banjamin franklin.
we must save our freedom, democracy and way of life by creating our own MNC's and acquiring wealth and lands wherever it is possible. With a growing population of 120 cr and growing, there is no choice but limiting the charter of corporation by making them do public good as part of the business in India. There is no second place in the fight to survive.
Sunday, July 31, 2011
Tuesday, July 19, 2011
No More
Untrampled footsteps
Borderline dreams
Occasions for sinners
Alive if it seems
Given to wander
Alone at the shore
Wanton to whisper
I am no more
Borderline dreams
Occasions for sinners
Alive if it seems
Given to wander
Alone at the shore
Wanton to whisper
I am no more
Monday, July 18, 2011
Plus ça change plus ça reste la même
Yellow Mustard flowers
Under the azure blue sky
the breeze was gentle red
and the winter was pink
was the day my poetry died
Pain drenched sky,
shedding tears,
drenching my soul.
Aloneness,u made nest in heart,
need not fly.
U introduced me to myself.
Roadside cafes, food stalls
Lovers roam, night crawls.
Dark lane, sharp pain,
Saints march, dim flame.
Secluded park, anxious heart,
Chafed lips, tear sips
Poet lives, love dies,
Turn of fate, roll of dice.
Sesame seeds, Palm beach,
Red glow, dark cave,
Father in heaven,
why do I crave?
Undefiled dreams,
mountain streams, road is dark
Amy departs, choices stark
Life stalls, night crawls
More it changes, More it remains the same
Under the azure blue sky
the breeze was gentle red
and the winter was pink
was the day my poetry died
Pain drenched sky,
shedding tears,
drenching my soul.
Aloneness,u made nest in heart,
need not fly.
U introduced me to myself.
Roadside cafes, food stalls
Lovers roam, night crawls.
Dark lane, sharp pain,
Saints march, dim flame.
Secluded park, anxious heart,
Chafed lips, tear sips
Poet lives, love dies,
Turn of fate, roll of dice.
Sesame seeds, Palm beach,
Red glow, dark cave,
Father in heaven,
why do I crave?
Undefiled dreams,
mountain streams, road is dark
Amy departs, choices stark
Life stalls, night crawls
More it changes, More it remains the same
Friday, July 15, 2011
Mouthful of sky
Remember the best times,
The laughter, the song.
The good life I lived while I was strong.
I could run to the end of rainbow,
Collect the colors in my palm.
fragrance in pockets, stars in the eyes
Earth in hair & mouthful of sky
The world looks different
from the hospital bed
bleached clouds
like the ghosts of icebergs.
Sky colored sky,
the sun dropped in blood
streaked splendour like a public execution.
The kid is itching,
fragrance in pockets, stars in the eyes
Earth in hair & mouthful of sky.
My mind is at ease,
my soul is at rest.
The loss of a limb
Wouldn't feel the same
The phantom pains
With none to blame.
visitors, like fish,
stink after three days.
love, loss, Rain,
aloneness, fear, pain,
desires, needs & separate ways.
incessant rains, Windows sill
White sheets, distant green hills.
Dead dreams dropping off the heart
like leaves in a dry season,
rotting around the feet.
past is the only dead thing
that smells sweet.
fragrance in pockets, stars in the eyes
Earth in hair & mouthful of sky.
The laughter, the song.
The good life I lived while I was strong.
I could run to the end of rainbow,
Collect the colors in my palm.
fragrance in pockets, stars in the eyes
Earth in hair & mouthful of sky
The world looks different
from the hospital bed
bleached clouds
like the ghosts of icebergs.
Sky colored sky,
the sun dropped in blood
streaked splendour like a public execution.
The kid is itching,
fragrance in pockets, stars in the eyes
Earth in hair & mouthful of sky.
My mind is at ease,
my soul is at rest.
The loss of a limb
Wouldn't feel the same
The phantom pains
With none to blame.
visitors, like fish,
stink after three days.
love, loss, Rain,
aloneness, fear, pain,
desires, needs & separate ways.
incessant rains, Windows sill
White sheets, distant green hills.
Dead dreams dropping off the heart
like leaves in a dry season,
rotting around the feet.
past is the only dead thing
that smells sweet.
fragrance in pockets, stars in the eyes
Earth in hair & mouthful of sky.
Monday, July 11, 2011
Soliloquy
Shovel leaning on his waist,
Pulled out a matchbox hesitatingly,
Burnt them, the leaves.
The street is filled with smoke,fragrance,
passerby run for cover,
He pauses and heeds the smell,
which will turn nostalgia in few years
What did you burn poet?
Memories, life i lived, love, lies,
I can make the sun stop,
Earth sing and moon cry.
I can make sun go around the moon,
I can be gigantic, reach for the stars,
I can be small, get into a hole,
Dig deep for my soul.
Can't get rid of memories,
Pitter Patter, school Gate,
Cycle trails, Doon Valley & Mumbai rains.
Those lean desperate long hours,
Anger, love, desperation.
Time searched the hallways of mind.
Hands kept time.
The climate altered like a
visible dance.
So did her mood.
Dull lights, broken street,
Abodes reeking stench,
trampled grass, Warm sun,
thirsty throat, wretched sheet.
Tiny soul, million woes,
Zestful eyes, restful pose,
Seeking fortune or hiding in Disdain?
I seek nothing! can't i take with me?
Poet, Why do you brood?
See how memories have changed you,
How slowly they estranged you
Solely arranged you
Bright lights, washed streets,
green grass,gentle noon.
What you gave in experiences and accidents,
I am returning all.
Dull lights, broken street,
Abodes reeking stench,
trampled grass, Warm sun,
thirsty throat, wretched sheet.
Pulled out a matchbox hesitatingly,
Burnt them, the leaves.
The street is filled with smoke,fragrance,
passerby run for cover,
He pauses and heeds the smell,
which will turn nostalgia in few years
What did you burn poet?
Memories, life i lived, love, lies,
I can make the sun stop,
Earth sing and moon cry.
I can make sun go around the moon,
I can be gigantic, reach for the stars,
I can be small, get into a hole,
Dig deep for my soul.
Can't get rid of memories,
Pitter Patter, school Gate,
Cycle trails, Doon Valley & Mumbai rains.
Those lean desperate long hours,
Anger, love, desperation.
Time searched the hallways of mind.
Hands kept time.
The climate altered like a
visible dance.
So did her mood.
Dull lights, broken street,
Abodes reeking stench,
trampled grass, Warm sun,
thirsty throat, wretched sheet.
Tiny soul, million woes,
Zestful eyes, restful pose,
Seeking fortune or hiding in Disdain?
I seek nothing! can't i take with me?
Poet, Why do you brood?
See how memories have changed you,
How slowly they estranged you
Solely arranged you
Bright lights, washed streets,
green grass,gentle noon.
What you gave in experiences and accidents,
I am returning all.
Dull lights, broken street,
Abodes reeking stench,
trampled grass, Warm sun,
thirsty throat, wretched sheet.
Friday, July 01, 2011
Times they are a changing
With the ongoing economic crisis (Yes, the crisis is ongoing and only become deeper), It's time to renew focus on Democracy and it's future. There are lot of questions that need answers. To begin with,
1. Do we really have a democracy prevailing in the any country?
2. Are we the masters of our destiny and not being led to believe things to be true or false
3. In case we are made to believe things, who is guiding us?
4. Does the so called democratic government has the will or authority to enforce it's will and act in order to fulfill the obligations under social contract?
5. What is forcing this unparalleled creation of money and why it is interfering in the governance?
6. The most important question that needed asked a long time back, Does the Voter Matter?
Let me start with the first one. No we don't have any democracy prevailing in any of the countries anymore. If the writers of Indian constitution were alive and came up with things like fundamental rights, they would have been jailed. There is a blatant contradiction that is so obvious in the way government is functioning in India. I grew up believing and reading that all people have rights that are endowed by constitutional fathers after long debates and centuries of accumulated wisdom behind them. I also believed that government can secure and protect rights but is incapable of bestowing them (since it didn't have them in the first place), and that government has mere privileges granted by the people - and that the people have the right to revoke those privileges through debates or through election process. However what happens in between the election process that comes in 5 years? Damage is already been done.
The answer to the second question regarding being masters of our own destiny. Well we are not! This 'Government of the people, by the people, and for the people' never involves people in things that impact their destinies, our destinies. Democratic governments (all parties) believe that fiscal policy (that is to say almost all government endeavours involved in spending money that touch most citizens apart from home affairs and foreign policy) is "too important" for voters to have a say over, that would be better be agreed, again, in my words, in "dark, secret debates." When everything is done in the name of people of India, why there are no informed debated with the citizenry is beyond comprehension?
The answer to the third point is muddled. Lot of Conspiracy theorists, Jholowalas would like to make you believe that they have figured it out, "It's the government,silly". This is only partially true. The Government across the world over are subservient not to the people but to 'Business interests' or the invisible hands. it's those invisible Multinationals and Indian conglomerates in addition to the banks and financial institutions. They rule from a moveable, intangible palace: Sometimes the orders seem to come from Brussels, sometimes from New york or Berlin, sometimes from a Luxembourg castle or maybe just via a dinner-time teleconference over a dodgy line and lukewarm coffee from Mumbai.
And in seeing how easy it is to intimidate democracy, they have have now gone so far, it appears, as to be on the verge of morally bankrupting the government who is so neck deep in corruption and probably lost the mandate of the people. Alas! we have no concept of 'Seppuku'
On fourth, Government has no will or authority to enforce it's part of 'Social contract'
Since the topic is more of democracy and Economics. let's stick to
This has not happened by putsch or coup d'etat, at least not one involving any guns or tanks. There are no colonels or partisans who have captured the garrisons and seized the telephone exchange. Yet a junta has installed itself nonetheless, a junta of ‘experts', technocrats, those educated in the knowledge of What Needs To Be Done. Wherever these masters of the Economic universe happen to be hovering at any one moment, the refrain in effect is the same: ‘Of course, there is no question that you are still allowed to vote however you like. Nevertheless, the policies absolutely cannot change even if the government does. Take the case of Portugal where the banks forced the parties to sign agreements even before the elections to agree to certain policies or no debt. It is therefore worrying that the dangers to democratic governance today, coming through the back door of financial priority, are not receiving the attention they should. There are profound issues to be faced about how democratic governance could be undermined by the hugely heightened role of financial institutions and rating agencies, which now lord it freely over parts of Global political terrain.
The day is not far of when the UPA profligacy will lead us to a similar situation. With the combination of 'Sarkari Jholawalas' in Sonia led NAC (national advisory council) and a 78 year old 'Sarkari Clerk' in PMO we are heading towards the same way. With a ballooning debt at almost 75% of GDP (so what if most of it is in INR) our capacity to pay it back will depend on the earnings of future generations, who are increasingly unemployable due to poor education, we are hell bent on implementing inane, stupid and inflationary ideas such as NREGA/Food security bill. what happened to the old fashioned way of hardwork and earning one's bread through the sweat of of brow?
The formal trappings of clean elections - in which political parties with competing manifestoes contest a ballot free of voter intimidation - are all still there, but someone else is deciding in advance what the result will be. Political parties will be in no position to resist these financial institutions if we continue to collect debts for these hazardous, poisonous schemes. we are surrendering our capacity to maneuver and implement the will of the people. Today it's Europe, tomorrow it could be India. What is happeneing in Portugal, Ireland and Greece is erosion of democracy.
Money creation is nothing but debt creation, my professor taught me. While we are creating money we must balance it with Goods and services of equivalent value to offset the inflation. With 15% inflation raging on our heads in india, we are headed for more disaster with Food security or any other bill of that nature. Once you promise to give certain things free, you can not take them back or get ready for violence (think free TV, washing machine, laptops in TN) .
According to a poll conducted by Greece's Kappa Institute two weeks ago, 30 percent of Greek respondents actually want the country to be led by "a group of experts and technocrats."
A plurality of Greeks have now become so disillusioned with sovereignty and democracy that they think at least the experts could deliver something better than the seemingly insurmountable unemployment, corruption and economic collapse they see around them.
The same survey said that less than a quarter believed that a democratically-elected government will be able to overcome the ordeal they are going through.
But if the experts, the technocrats who are sidelining democracy in their subtle way, feel heartened by such polls, they should pause when they read the rest of this census.
A full 22.7 percent want "a strongman" to resolve the ongoing crisis.
We have seen a Greece, get ready for India in 10 years. The Anna, Ramdev campaigns under the garb of 'Civil society' are nothing but capturing the moral space vacated by the government. A handful of zealots, partisans are holding the government, who should have reflecting the will of the people, by their throat. This blatant undermining of constitution, parliament and cabinet has been made possible by the acceptance of NAC as super advisory body by Manmohan government.
The state and the rule of law are being ridiculed on a daily basis. May god bless Bharatvarsha!
Jai Ho! jai Ho!
1. Do we really have a democracy prevailing in the any country?
2. Are we the masters of our destiny and not being led to believe things to be true or false
3. In case we are made to believe things, who is guiding us?
4. Does the so called democratic government has the will or authority to enforce it's will and act in order to fulfill the obligations under social contract?
5. What is forcing this unparalleled creation of money and why it is interfering in the governance?
6. The most important question that needed asked a long time back, Does the Voter Matter?
Let me start with the first one. No we don't have any democracy prevailing in any of the countries anymore. If the writers of Indian constitution were alive and came up with things like fundamental rights, they would have been jailed. There is a blatant contradiction that is so obvious in the way government is functioning in India. I grew up believing and reading that all people have rights that are endowed by constitutional fathers after long debates and centuries of accumulated wisdom behind them. I also believed that government can secure and protect rights but is incapable of bestowing them (since it didn't have them in the first place), and that government has mere privileges granted by the people - and that the people have the right to revoke those privileges through debates or through election process. However what happens in between the election process that comes in 5 years? Damage is already been done.
The answer to the second question regarding being masters of our own destiny. Well we are not! This 'Government of the people, by the people, and for the people' never involves people in things that impact their destinies, our destinies. Democratic governments (all parties) believe that fiscal policy (that is to say almost all government endeavours involved in spending money that touch most citizens apart from home affairs and foreign policy) is "too important" for voters to have a say over, that would be better be agreed, again, in my words, in "dark, secret debates." When everything is done in the name of people of India, why there are no informed debated with the citizenry is beyond comprehension?
The answer to the third point is muddled. Lot of Conspiracy theorists, Jholowalas would like to make you believe that they have figured it out, "It's the government,silly". This is only partially true. The Government across the world over are subservient not to the people but to 'Business interests' or the invisible hands. it's those invisible Multinationals and Indian conglomerates in addition to the banks and financial institutions. They rule from a moveable, intangible palace: Sometimes the orders seem to come from Brussels, sometimes from New york or Berlin, sometimes from a Luxembourg castle or maybe just via a dinner-time teleconference over a dodgy line and lukewarm coffee from Mumbai.
And in seeing how easy it is to intimidate democracy, they have have now gone so far, it appears, as to be on the verge of morally bankrupting the government who is so neck deep in corruption and probably lost the mandate of the people. Alas! we have no concept of 'Seppuku'
On fourth, Government has no will or authority to enforce it's part of 'Social contract'
Since the topic is more of democracy and Economics. let's stick to
This has not happened by putsch or coup d'etat, at least not one involving any guns or tanks. There are no colonels or partisans who have captured the garrisons and seized the telephone exchange. Yet a junta has installed itself nonetheless, a junta of ‘experts', technocrats, those educated in the knowledge of What Needs To Be Done. Wherever these masters of the Economic universe happen to be hovering at any one moment, the refrain in effect is the same: ‘Of course, there is no question that you are still allowed to vote however you like. Nevertheless, the policies absolutely cannot change even if the government does. Take the case of Portugal where the banks forced the parties to sign agreements even before the elections to agree to certain policies or no debt. It is therefore worrying that the dangers to democratic governance today, coming through the back door of financial priority, are not receiving the attention they should. There are profound issues to be faced about how democratic governance could be undermined by the hugely heightened role of financial institutions and rating agencies, which now lord it freely over parts of Global political terrain.
The day is not far of when the UPA profligacy will lead us to a similar situation. With the combination of 'Sarkari Jholawalas' in Sonia led NAC (national advisory council) and a 78 year old 'Sarkari Clerk' in PMO we are heading towards the same way. With a ballooning debt at almost 75% of GDP (so what if most of it is in INR) our capacity to pay it back will depend on the earnings of future generations, who are increasingly unemployable due to poor education, we are hell bent on implementing inane, stupid and inflationary ideas such as NREGA/Food security bill. what happened to the old fashioned way of hardwork and earning one's bread through the sweat of of brow?
The formal trappings of clean elections - in which political parties with competing manifestoes contest a ballot free of voter intimidation - are all still there, but someone else is deciding in advance what the result will be. Political parties will be in no position to resist these financial institutions if we continue to collect debts for these hazardous, poisonous schemes. we are surrendering our capacity to maneuver and implement the will of the people. Today it's Europe, tomorrow it could be India. What is happeneing in Portugal, Ireland and Greece is erosion of democracy.
Money creation is nothing but debt creation, my professor taught me. While we are creating money we must balance it with Goods and services of equivalent value to offset the inflation. With 15% inflation raging on our heads in india, we are headed for more disaster with Food security or any other bill of that nature. Once you promise to give certain things free, you can not take them back or get ready for violence (think free TV, washing machine, laptops in TN) .
According to a poll conducted by Greece's Kappa Institute two weeks ago, 30 percent of Greek respondents actually want the country to be led by "a group of experts and technocrats."
A plurality of Greeks have now become so disillusioned with sovereignty and democracy that they think at least the experts could deliver something better than the seemingly insurmountable unemployment, corruption and economic collapse they see around them.
The same survey said that less than a quarter believed that a democratically-elected government will be able to overcome the ordeal they are going through.
But if the experts, the technocrats who are sidelining democracy in their subtle way, feel heartened by such polls, they should pause when they read the rest of this census.
A full 22.7 percent want "a strongman" to resolve the ongoing crisis.
We have seen a Greece, get ready for India in 10 years. The Anna, Ramdev campaigns under the garb of 'Civil society' are nothing but capturing the moral space vacated by the government. A handful of zealots, partisans are holding the government, who should have reflecting the will of the people, by their throat. This blatant undermining of constitution, parliament and cabinet has been made possible by the acceptance of NAC as super advisory body by Manmohan government.
The state and the rule of law are being ridiculed on a daily basis. May god bless Bharatvarsha!
Jai Ho! jai Ho!
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