One-stop shop to make India 20 times richer

Amitabh Kant continues to provide entertainment to India

This is a placeholder post for keeping a tab on India’s crown joker. (See my previous post on him).

Amitabh Kant does, sometimes, surprise with his apparent support for liberty. For instance, “Hand over schools, colleges, jails to private sector: Amitabh Kant“.

But we have to remember that if a monkey hits typewriter keys at random for an infinite amount of time it will create everything, including works of William Shakespeare.

Does Amitabh even know what he just said? Can anyone show me any book he has written on the logic that might underpin this? And does he know that the Modi government is one of the most socialist and Luddite governments we have ever had?

But in the same breath (in the same news report) he says:

“Private sector has performed very badly. Private sector in India is most irrational, insensitive I have seen”.

Actually, India’s private sector is one of the best in the world, operating in conditions where there is total chaos and lawlessness – created by arrogant statist IAS officers like Amitabh and by ultra-corrupt Ministers across the country.

But Amitabh has numerous other rants to his credit. For instance:

I challenge any other country to show they are more open than India  [Source: India Is The Most Open Economy In The World: Amitabh Kant]

He is happy for government to squander crores of rupees on his interventionist ideas:

He added that the government was going to spend Rs 340 crore in next few months’ time to promote digital transaction.

Various incentive schemes were announced to promote digital payments such as ‘Lucky Grahak Yojana’ and ‘Digi Dhan Vyapari Yojna’, he said, while assuring that the merchants would not be harassed by tax official by way of scrutiny of the previous years of books of accounts. [Source]

And he is apparently a “futurist” greater than Kurzweil:

By 2020, India Will Make Debit Card, Credit Card, ATM Machines Technologically Redundant: Amitabh Kant, NITI Aayog

Physical banks will perish in the next 5-6 years: Niti Aayog CEO Amitabh Kant 

Note that he is not talking here about cryptocurrency, either. If he knew anything about cryptocurrency, I could have excused him. But this is just one more of his half-baked rants.

He has numerous other pearls of wisdom on “smart cities” and many other things, such as his mindless defence of demonetisation. I’ll add them when I find time. But if you have time, please share them in the comments section.

THE MAN CANNOT BE TAKEN SERIOUSLY.

Continue Reading

The ultra-puerile, nonsensical “good people” theory of governance

Key comments from my FB post here. The “good people” theory of governance is the most obvious sign of someone’s ignorance about basic economics and governance. This theory is typical not only of the socialists but of the thousands of half-baked “economists” and “liberals”.

===MY COMMENTS==

India’s problem is the design of its governance system and policies. If people don’t understand this point, they can be as honest as they like and they will totally fail to change anything.

Half baked ideas continue to flourish. No takers for serious work, that will involve a lot of thinking and understanding.

FURTHER

It takes ENORMOUS intelligence to create good institutions, which neither you have a clue about nor most Indians. I’ve not seen one single writing of yours which shows how to create good institutions in India.

Hence the delusion that “good” people can do anything good for the country.

FURTHER

Just like LKY is not a “good” people alone, so also the leaders of Australia are not “good” people alone.

It takes ENORMOUS sense and competence to design good institutions. 99.99999 per cent of Indians have no policy competence or sense and hence cannot design good institutions.

You may be a “good” people yourself but will be entirely useless to India unless you understand this point that governance is a science, not some random thing that any “good” person can do.

Then you will need to start studying how good institutions in India must look like. Then work out a transitional path.

If you are interested, all this is already explained in BFN + SBP manifesto.

Continue Reading

Swarna Bharat Party mocks the Modi government’s ignorance about basic economics

National Press Release – to be released across India

30 July 2017 – for immediate release

Dr Sanjeev Sabhlok, an economist and the Overseas Coordinator of Swarna Bharat Party, scoffed at the Modi government’s notion that trade deficits are a matter of concern (http://bit.ly/2uIrTmQ) and said such a notion reflects the monumental ignorance of the Modi government about economics.

Chanakya, the world’s first economist, would have rapped the Modi government on its knuckles. Chanakya knew that imports are a key driver of prosperity. He wrote that “imports shall be sold in as many places as possible, merchants who bring in foreign goods by caravans or by water routes shall enjoy exemption from taxes.” Likewise, the West’s first economist, Adam Smith, wrote: “Nothing, however, can be more absurd than this whole doctrine of the balance of trade”.

Dr Sabhlok said that the only sensible trade policy for India is unilateral free trade – in all cases and without any exception; in other words, free trade even with our “enemies”. India must throw open its borders to imports regardless of whether other nations accept our exports.

He said that consumption is the only yardstick of prosperity. Access to imports makes a country richer as its citizens get more value for their money and can buy many more things with their money. It also forces domestic manufacturers to produce at lower cost. Workers are redeployed to more productive work. The necessary job losses from this policy are quickly offset through increased domestic consumer demand and more job opportunities.

Dr Sabhlok said that trade deficits are a non-issue since they are offset by FDI and other capital inflows. The US and the UK have run trade deficits for decades and yet have experienced good economic growth. The US gets FDI of around $350 billion every year and the UK $200 billion. Countries like Japan have run trade surpluses year after year but that has not prevented sustained recession.

Given its monumental ignorance about economics, the Modi government must try to hire at least one competent economist for India. Its existing “economists” and IAS officers who are busy providing useless “advice” must be fired.

Dr Sabhlok added that SBP’s manifesto holds the answer to the multitude of real problems that India faces – but not for made-up problems such as its trade deficit with China.

Notes for Editors

SBP is India’s only liberal party, committed to defending liberty and promoting prosperity.

Contact:

Rahul Pandit (Hyderabad) National Working President, +91 9703425422

Sanjay Sonawani (Pune), +91 9860991205

Sanjeev Sabhlok (Melbourne), sabhlok@gmail.com

Continue Reading

Don’t waste my time complaining about corruption – YOU ARE DIRECTLY RESPONSIBLE

Someone sent me this:

Judges  Connive  with  VIP  Prisoners

https://sites.google.com/site/indiansdiary/judges-connive-with-vip-prisoners  ,

Jail  Tyrant  Judges

https://sites.google.com/site/dalitsdiary/jail-tyrant-judges  ,

MY RESPONSE

Thanks for this.

Sadly, we all know about how hopelessly corrupt our entire system is – from the top to the bottom. It has been so for many decades now, nothing new to see here.

I resigned from the IAS because I could not tolerate such a rotten system. Since nearly 20 years I have been working to liberate Indians from the clutches of corrupt government but INDIANS LOVE CORRUPTION. They have more interest in things like religion, caste, and regional language, than in good governance.

We have now formed India’s only liberal party – Swarna Bharat Party (http://swarnabharat.in/ ) but the response from Indians is lukewarm, at best. Let me assure you, they don’t care about corruption, lack of basic governance or rule of law. They are happy with corruption, broken roads, injustice and filth.

Even you have not yet joined SBP, so what are you writing this for?

Not writing but ACTION is needed, to completely change India’s third rate third world governance system, one of the worst in the world by any metric. And the ONLY action that India needs today is for everyone to join Swarna Bharat Party.

Over to you.

Continue Reading