India! I dare you to be rich

Category: Public policy

No, Satyarthi, just because are a Nobelist with good intentions, doesn’t mean you know how to eliminate child labour

I'm noting my FB comment on Satyarthi's ignorant ramblings.

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Oh no! The fools continue to babble the first primitive thought that comes to their feeble, untutored minds.

No, No, No. NOT BANS BUT GOOD SENSE. First think through the logic.

ALL CHILDREN ACROSS THE WORLD WERE CHILD LABOURERS TILL THE FRUITS OF CAPITALISM ALLOWED THEIR PARENTS TO SEND THEM TO SCHOOL.

These well meaning fools fail to realise that it is CAPITALISM that will liberate Indian children, NOT bans! What can be done to educate these dunce "Nobelists"??

 

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HINDUS ARE DIRECTLY RESPONSIBLE FOR EXTREME TORTURE OF COWS IN INDIA. My slides.

The alleged intention of the Hindus is to prevent animal cruelty. This intention, delinked from any understanding of economic impacts, leads to the opposite: EXTREME cruelty.

Any person with basic common sense should be able to think through the consequences of such beliefs/laws. That Hindus don’t, tells me that Hindus WANT to torture cows.

Download my draft slides by clicking the link below.

HINDUS ARE DIRECTLY RESPONSIBLE FOR EXTREME TORTURE OF COWS IN INDIA. My slides.

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Election Commission India seeking views on state funding of elections

Came across this on the ECI website.

Paper is available here.

I suggest SBP send a submission asap. 

ADDENDUM

HOW CORRUPT PARTIES USE BLACK MONEY IN ELECTIONS. FROM ELECTION COMMISSION'S HANDBOOK FOR OBSERVERS:
 
Use of money power starts right from the distribution of tickets by the political parties. Subsequently, it takes various forms, which are enlisted herein below. However, it must be kept in mind that the enlisted ways of spending money is only indicative. There can be many other ways of spending money.
 
a) Booth-wise agents are appointed to purchase floating votes;
b) Large donations to clubs and organizations to influence its members;
c) Largesse to petty party workers to dole out the same to electors;
d) Rented crowds for party meetings;
e) Rallies and campaigns with purchasable crowd;
f) Presence of candidates at social occasions like mass weddings, feasts, puja's, jagrans, inaugurals, etc. where gifts are given on behalf of candidates;
g) Acceptance of felicitations by the contesting candidates at any educational or charitable organizations;
h) Distribution of free liquor/liquor passes to the electors;
i) Use of dummy candidates at election to utilize his quota of electioneering vehicles, etc.
j) Surrogate advertisements in print and electronic media whereby candidature is canvassed by unconnected persons/organizations so as to
avoid the expenditure on the same being accounted for in the expenditure of the contesting candidates;
k) Bringing cinema celebrities and sportspersons to campaign;
l) Providing voters with caps, vests, umbrellas, bi-cycles, etc.
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Milton Friedman’s video lessons on economics and public policy – for those concerned about the welfare of humanity

I've read Friedman sporadically but nothing beats listening to him directly. I'm delighted at the good number of video snippets from Friedman's talks that are sprouting on the internet. This post (a placeholder) is an attempt compile a few of them.

Negative Income Tax

Minimum Wages

Equal pay laws

Anti-dumping laws

Role of government in a free society

Free trade

Regulatory tradeoffs, free choice, cost benefit and risk

More on the dangers of unthinking regulation that doesn't take into account all consequences

Freedom of speech

Classical liberalism and role of the government

Why economic equality leads to coercion and neither freedom nor equality

How prohibitions on "immoral behaviour" make these things more profitable

Market failure, sure, but don't jump to government solutions, for there is government failure

 

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There is no way any “leftist” can be feminist. Feminism is necessarily a (classical) liberal idea.

I've been asked a question by email:

Feminism in US has been talking about "equality" all the time for the past 50 years. Is this equality different in some ways from the equality we talk about in socialism ? Because what they are saying is "average income of groupA should be equal to average income of groupB". Otherwise it is injustice.   One Indian feminist wrote something about it here –    https://50datesindelhi.wordpress.com/2015/02/24/question-why-isnt-there-a-centre-right-feminism/   Opinion ?

MY RESPONSE

I'm not an expert on feminism. I've only tangentially read the work of its leaders. To me the main struggle is for women's equal status (unlike socialism, which is a demand for economic equality). Btw, a demand for equal pay for equal work is quite different from equal pay for unequal work (socialism). 

I've briefly reviewed the history of women's emancipation here: http://sanjeev.sabhlokcity.com/book2/discovery.pdf. Classical liberals like JS Mill played a significant role in this emancipation. Every single classical liberal has and will fight for the rights and liberty of ALL humans, including men, women, trans-sexuals, children, everyone.

Without knowing much about it, I'd hazard a view that feminism is a byproduct of classical liberalism. It never exist in pre-capitalist societies nor (I think) in any communist (i.e. foundationally socialist) society, such as USSR/ Mao's China. As women started receiving high quality education in the West (based on the efforts of classical liberals) they started questioning the status-quo. 

The author of the article you cite has framed the issue under 'left-wing – right-wing' categories. In my view, the issue is best framed under the 'free-unfree' dichotomy. The classical liberal is not a conservative ('right wing'), so I dislike being counted as part of the 'right-wing' .   

One can't be "left-wing" and "feminist" since that implies that one can be free in one thing (right to equality of status) but not in another (right to work/ trade). I published my exchange with that half-baked leftist 'feminist' Kavita Krishnan here: http://www.sabhlokcity.com/2015/02/the-seriously-confused-kavita-krishnan-a-passionate-indian-communist-who-opposes-liberty-2/. She is hopelessly inconsistent, incapable of thinking deeply about what she says. And she won't care to debate when her views are shown up as confused/ illogical. 

I believe all humans must be treated equally under the law and should be free to bargain and achieve their goals in the market. The law can't discriminate in any way (including through 'affirmative action') in favour or against of any particular group (including women).   Second part: Why does the market not pay 100 per cent of men's wages to women in all cases? That's a research project I don't have time for, but it requires solid controls, to isolate the truth.

This idea has no theoretical foundations (hence such claims are questionable). The idea that there are highly talented but underpaid women in the West is fundamentally untenable. If that was the case, anybody (including any woman entrepreneur – and there are plenty of them) could head-hunt them at higher rates, achieving massive profits for themselves.

Imagine if a woman's marginal product is $100 per hour but she is paid $83. Not only could she start off her own business to fully capture her product, but someone else (including a woman entrepreneur) could pay her $86 and keep the profit. That's a lot of value to arbitrage. $17 per hour sitting untapped. Of course, someone else would then re-grab this talented but (still) underpaid woman and pay her $90, say, … and so on till she was paid her marginal product.

That's what happens in a free market. It is hard – indeed ridiculous – to suggest that people aren't paid their marginal product in a free competitive market. It is therefore hard (if not impossible) to argue for the existence of systematic bias against women in free societies, particularly modern Western societies.    There are a LOT of stupid and shoddy studies that exist in the field of social science and I'd be loathe to 'believe' them. Logically it is impossible to argue that there is a systematic bias against women in a free market. 

ADDENDUM

Chanced upon this video by Milton Friedman who makes the same point I do – but far more clearly, and shows why equal pay laws HARM women.

 

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The brilliant Ajit Varadaraj Pai. How I wish we had even one such forthright person in India.

I chanced upon this article in Reason. Do read it and watch the entire video. 

I'm merely providing 2 minutes from it below, which says things as clearly as I'd want anyone to say. Ajit Pai is one of the most brilliant thinkers I've come across. In just 30 minutes of listening to him, I know he is a true leader.

NET NEUTRALITY THROUGH GOVERNMENT REGULATION IS A REALLY BAD IDEA.

Do read my compilation of articles here.

ADDENDUM

Why Net Neutrality Regulations Should Concern You

Net neutrality explained and destroyed

The Net Neutrality Riddle: Why are Edward Snowden's supporters so eager to give government more control over the Internet?

Net Neutrality: A Solution Looking for a Problem

MY FACEBOOK COMMENTS

https://www.facebook.com/sabhlok/posts/10153255580358767?pnref=story

NET NEUTRALITY IS A BRANCH OF SOCIALISM.

JUST FIVE MINUTES TO UNDERSTAND WHY NET NEUTRALITY IS A TERRIBLE, SOCIALIST, STATIST IDEA

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