India: A Pure Banana Republic
I need to write these lines every few
years. We grow bananas, sell bananas, eat bananas and distribute bananas
for free. Almost 90 per cent of the population is either unemployed or
poorly employed. We applaud IPL, we applaud the rise in Real Estate, we
applaud the rise in stock markets but ignore the fact about immense poverty
that purely survives on hope and freebies. Free food, rations, housing,
medicare, power, water, transport and the like and we start believing that
non sense about viksit bharat.
The middle classes desperate for freebies have found the Stock markets as
their playground. Through insurance, mutual funds, pension funds and what
not their entire money is now moving into equities, not bank deposits. We
have an entire nation that wastes away monsoon water but spends money on
space programme, we have a nation that gives free rations so that people
produce non productive children that only add to numbers and nothing else.
Everything free to win elections is a sure way to encourage people to have
Sex-day night and all over 24X7. The others stare blindly at TV screens,
watch Miss World, adore the houses, cars and wives of others. Then there
are the roughly 2 crore cheerleaders who encourage people to buy stocks
repeatedly, often three times a day..entities with no earnings and dreams
that are five years away. Stocks with 100X PEs and Zero earnings.
This in my view is nothing more than Ripe Bananas. Enjoy, more so if you
get them free.
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