Guest guest Posted April 1, 2009 Report Share Posted April 1, 2009 Hello everybody., I liked the debate..and his thoughts..on, " Why Indians r so fastidiously clean..and India still remains..incredibly dirty?? " ..and give Full Marks.,to Rishabh.for placing his thoughts. Well done.. On,that note..we (me and my dear biwi)...would also..rue over the same fact,many a times..,when we compare..with clean green well maintained.., western world images..of their country side..coupled..with shocking notes..that these,same Goraas,..have the most..unclean personal hygiene...,and so also,most of..the local Arabs..out here.. .. Plus,I would also add,another interesting point,...,that..even,..where family values..r concerned,.... An..Indian family,probably due to it's small size..and good upbringing,..have less messier internal tussles,inside closed doors..and yet..more incidence of Lawlessness..and Crimes..on the open streets. ..while, The locals..out here,with 4 wives,high divorce rates,many children,no parental guidance,and messier finances,higher incidence..of physical abuses etc..behind closed doors..have very less crimes..out on the streets. .. Strange,but true..again.. Bye Shyam(84) University aceptance I am pleased to inform that my son Rishabh Parag shah had applied for undergrad admission to US. He has been accepted at the following universities: UNIVERSITY / COLLEGE US NEWS AND WORLD REPORT RANKING University of Chicago top 10 Universities in the world Carleton (MN) amongst top 5 Liberal Arts & Science colleges in the US Claremont McKenna (CA) amongst top 10 Liberal Arts & Science colleges in the US son (NC) amongst top 10 Liberal Arts & Science colleges in the US Grinnell (IW) amongst top 10 Liberal Arts & Science colleges in the US Bentley (MA) leading University of Business studies in US Marquette (WI) with the prestigious Ingnetous Scholarship, Apart from academics, Extracurricular, & US based tests he had to write about 20 essays, approx two to three for each university. I wish to thank and acknowledge the editing assistance (official) he received from our moderator Dr. Kishore Shah. On behalf of my son & family I take the opportunity of this forum to sincerely thank him. We are now spoilt of choice. Can any body suggest which place to select, Rishabh is interested in perusing ECONOMICS, ETHICS, INTERNATIONAL AFFAIRS, PHILOSOPHY AND FINANCE. I am also attaching two interesting essays he wrote. Parag (1980) Indians through the Particle accelerator I am proud to be an Indian. India's rich past has contributed much to the progress of civilization. Indian epics like the Bhagwat Gita and the Panchtantra have been regarded as the fundamentals to moral development. The concepts of zero, the principle of magnetism, the smelting of metals, the game of chess and weaving of cotton have their origins in India. Columbus credited with discovering the Americas actually went out in search of India. Even the sub atomic particle Boson has been termed after S. N. Bose an Indian scientist. India has become a land of diversities and paradoxes. Our last election was won by an Italian woman of Roman Catholic lineage who made way for a Sikh to be sworn as a Prime Minister by a Muslim President, in a nation that is 81% Hindu. It has the world's second largest pool of trained scientists and engineers but 40% of the country is still illiterate. Bullock carts are still an indispensable mode of transportation; yet its satellite programs are amongst the most advanced on earth. Four out of the top ten richest men in the world are Indians; yet one-thirds of the world's poor live in India. I appreciate the cultural diversity. But the paradoxes trouble me. Recent developments at the CERN have convinced me that every field has " Higgs particles " . A particle that is fundamental to the existence of an idea, entities that combine to frame our thoughts. There are three thoughts about India that disturb me. I wish to put them in the particle accelerator, smash them up and have a glimpse of the new secrets revealed. · Is the suicide rate among Indian farmers higher than normal? · Why Indians are are so fastidiously clean but India remains incredibly dirty? · Is India really worse off than Sub-Saharan Africa? Processing.... Is the suicide rate among Indian farmers higher than normal? The question why Indian farmers commit suicide has been the nucleus of newspaper articles and journals. Newspapers clamor with statistics like, 'An Indian farmer commits suicide in every six minutes.' Such thoughts often evoke feelings of pessimism, melancholy and cynicism. Isn't it ironic that a country in which nearly two-thirds of the population is agrarian, suffers from malnourishment? Well, maybe if we can put this idea into the linear accelerator we may discover the Higgs-particle that imparts mass to it. A total nine hundred thousand suicides happen annually in the world. So the average for India, with one sixth of the world's population would be one hundred fifty thousand. The average norm for the Indian farmers could be one hundred thousand a year, given that two thirds of the population is engaged in agriculture. However the highest figure for Indian farmer suicides in a year, reported in 2006, was around seventeen thousand. Suicide amongst the farming families in India seem to be well below the normal world average. Ramon Magsaysay award winner journalist P. Sainath wrote a book 'Everybody loves a Good Drought' where he highlighted the vested interests who wish to benefit from tragedy. While farmer suicide statistics seem exaggerated and questionable, there's nevertheless much reason for anguish. I feel that one should cultivate empathy for farmers rather than evoke feelings of pity. Why are Indians so fastidiously clean but India so incredibly dirty? Forbes magazine ranks India as the dirt capital of the world. It might take a pack of wild horses to keep an Indian away from sitting under a tap every morning; so complete is our fidelity to bath and ablutions. But on the other hand filth accumulates and multiplies outside our homes as if it were a law of nature. Can the duality be explained in terms of the Hindu other- worldliness? But other Hindu neighbors like Vietnam, Myanmar and Sri Lanka do not display dirt with the same gritty brazenness as India does. Hence there is no straight correlation between poverty and filth. Compared to India, many poor neighborhoods all over the world from Latin America to Asia look powdered, painted and dressed up. Anthropologist once clarified that dirt was simply 'matter out of place'. Food on plate is the way it should be, but becomes dirt when on the floor. It is then a question of how Hindus define dirt or 'matter out of place'. According to the Hindu caste principle, all substances that come out of one's body, like perspiration, excreta, menstrual blood, spit even hair are polluting even to oneself. Whatever can be expelled from the body must be brought out. Once such substances are out of home they are 'quite in place' and hence no longer dirt. Besides 'Wipers' and 'Washers' mark the ideological divide between the West and the Indians. For the Indians, the 'Wipers' (who use toilet paper) are uncaring of personal hygiene. For the 'Washers', cleanliness is next to godliness. No worship, Hindu or Muslim, begin without some form of ablution. Personal cleanliness is the key to salvation. Indians have concepts that are entirely alien to the rest of the world. The concept of 'Jootha' (on drinking water directly from the bottle one makes sure that the lips do not touch the rim of the bottle, otherwise it becomes 'Jootha' and no one else will be able to drink from the same bottle.) is unique here. There is no other nation that is obsessed with 'spitting' as ours. Stairwells of our buildings are blotched with 'paan' stains. When we take off our slippers at the entrance of our homes, we do so out of the sense of not dragging the dirt from the streets into the sanctum of our house. So after smashing the question in the particle accelerator, one can come to the conclusion that it would be wrong to say that Indians have no qualms regarding dirt. It is just that they see dirt in a manner different from the way it is viewed in the West. Is India really worse off than Sub-Saharan Africa? World Bank in its recent report says that poverty in India is worse than Sub-Saharan Africa with higher proportion of the population living on less than two dollar a day. Is it the absolute reality? Let us analyze the statistics. If one were to convert $2 into rupees (1$ - Rs 45) - the income of average Indian is Rs 90 per day. A person can be branded malnourished if he consumes less than 2100 calories a day. Now a traditional Indian Vada Pav (Indian Burger) costs about Rs 5 at a street stall and provides 300 calories. Seven Vada Pavs a day provides 2100 calories & cost Rs. 35. This means that a poor Indian can meet his calorie requirements and save Rs 55 ($1.2) at the end of the day, by eating at a local street stall. Doesn't sound bad, does it? News doesn't cook food. Is something hidden under the veil of statistics? If you belong to the top ten percent of India, you are experiencing living standards that you never dreamed of. But if you belong to the bottom forty percent you are experiencing levels of deprivation you never dreamed of in your life time. There is no bread in one India and cake for the other. Thousands of people in the urban centers are rushing to weight loss centers. Millions of other Indians are desperately trying not to lose any more weight. This paradox is highlighted by researcher Raj Patel at the University of California, Berkley, in his book 'Stuffed & Starved'-what lies behind the world food crisis. I am not oblivious to the fact that a person earning $2 a day has a family to support and unforeseen expenditures to meet. All I am trying to convey is that our poverty analysis systems should take a more holistic approach and not brand anyone as poor just by looking at one perspective. Poverty statistics are figures of confusion. If one marks the poverty line as $1 a day then Sub-Saharan Africa has more 'poor people' than India does. If we raise it to $2 then the story does not remain the same. So how do you measure poverty? Should one measure it with respect to the dollar (World Bank -$1, Asian Development Bank -$1.35), the purchasing power parity (World Bank _$1.25) or the amount of calories a person consumes? When there is despair there is hope. There are problems, but a lot of them can be solved. This can be done only through optimism and hope which are the Higgs particles that imparts mass to the universe. Nobel laureate Professor Yoichiro Nambu has said that in physics, the idea of symmetry refers a kind of equality or equivalence in a situation. At the subatomic level, for example one should not be able to tell whether you are watching the event directly or in a mirror. Particles behave just like there alter egos, called antiparticles. If any of these rules is violated, the symmetry is broken. One big broken symmetry arose after the big bang, when a tiny bit more matter than antimatter was created. Because these two kinds of particles annihilate each other when they meet, that excess of matter was responsible for seeding the universe. Similarly if we break the stereotypical ways of judging people and events, a new dawn of understanding may emerge. This could well be the Mechanism of spontaneous broken symmetry, the Higgs mechanism of the evolving society. Depression 2.0 Since 1929 there have been periods of boom & bust in the global economy. The wise say " This time, it's different. " It's never different. It's always the same, but with bigger numbers. It reminds me of the quotations from Santayana's, Life of Reason, Reason in Common Sense, 'Those who cannot remember the past are condemned to repeat it.' The economic cycles are associated with the feelings of Greed and Fear. It was greed, rather than the absence of fear that was prevailing in the past few years. Regulation was disregarded, and so was risk, which had been whisked away by whiz-kid 'quant's' They devised exotic financial instruments like derivatives and CDO's, creating a financial enstein the likes of which had never been seen. Great fortunes were made with the motto 'profits at any price'. Warren Buffett, the world's most successful investor called these derivatives, which almost no one understood, " weapons of financial mass destruction. " This lack of fear became an orangery of greed and ignorance. When greed exceeds fear, trouble follows. It reminds of Mahatma Gandhi's famous quote, " The world has enough to meet our needs, but not enough to satisfy our greed " . In 2006 economy was booming and the world was awash in cheap money thanks to the low interest rate regime followed by most Federal Banks. There was little fear of buying a house on 'No Doc mortgages, by the NINJA's'. " House-price appreciation " would increase the value of the collateral, if borrowers couldn't or wouldn't pay. The myth that 'prices of the assets never go down only interest rates do' fuelled the debt binge. A rising tide lifts all boats. Not only households even big Investment Banks took risks of using borrowed money. To keep profits growing, they borrowed huge sums; their debts were about 35 times their capital. If you borrow 35 times your capital and those investments rise only 1%, you've made 35% on your money. If, however, things move against you a 1% or 2% drop in the value of your assets puts your future in doubt. In the US, consumer confidence rose to near-record levels. This high level of confidence, shared in many other countries as well, was related to the booming markets and booming economy of that time. The booming markets and economy were in turn substantially buoyed by the 'feedback loop' of Profit and Consumerism. But recently, confidence has been fading. When people expect a good performance from their investment assets; they tend to bid up their prices. People have this idea that the market must keep going up, with no mathematical evidence or model, that confirms that notion, said Shiller, author of the book " Irrational Exuberance " . Economies are built on trust, but now that trust has been replaced by fear and pessimism. " At this moment confidence is even more precious than gold or currency " said Chinese Premier Wen Jiabao. The world now is in the grip of a downward spiral of deleveraging, having accumulated debts beyond what's sustainable. Households and financial institutions are being forced to reduce them. The pressure to do so results from a decline in the price of the assets they bought with the money they borrowed. It's a vicious 'feedback loop', a giant 'snow ball'. When families and banks tip into bankruptcy and 'throw in the towel', there is 'Capitulation selling', and more assets get dumped on the market driving prices down further and necessitating more deleveraging. This process of 'panic selling' has gained so much momentum that Warren Buffet has called it the " Financial Pearl Harbor " . Canadian newspaper Globe & Mail quoted New York Market analyst Steve Yardani, " It is bit like a California forest fire. The fire squads are out there trying to contain it, but it just keeps spreading till you are out of trees or the wind changes " . The bursting of the debt-fueled property bubble and the crippling losses suffered by the banks have set in motion a chain reaction that could lead to a 21st century version of the Depression. The underlying cause of the Great Depression according to Milton Friedman and son Schwartz in their book 'A Monetary History of the United States: 1867-1960', was not the stock-market crash but a " great contraction " of credit due to an epidemic of bank failures. Every financial bust comes with a catchphrase; Tulip-mania, South Sea Bubble, The Great Depression, The dotcom bubble and others described in MacKay's classic Extraordinary Popular Delusions and the Madness of the Crowds. Whether there is a short, relatively mild recession like that of 2001, or a version of what the world went through in the 1930s: Depression 2.0, is a million dollar question? This is no longer an exclusively American crisis. European banks are going under as well. Growth rates in the euro zone and Japan have turned negative. Emerging markets too are suffering. Stock markets in the 'BRIC' economies (Brazil, Russia, India and China) are now down about 60% or more on the year. The notion that Asia has somehow " decoupled " itself from the U.S. now seems fanciful. How could they after all, having pegged their currencies to the Dollar, under the 'Bretton Woods' system, to avoid a repeat of the 'Butter wars'. When Fannie and Freddie were on the brink of collapse, many were surprised to learn that a fifth of China's currency reserves were composed of their bonds. China has accumulated a huge hoard of dollar-denominated bonds. No foreign nation stands to lose more from a U.S. financial collapse. A quarter of exports from Asia are bound for America, and with consumer spending in the U.S. slipping, the manufacturing engines that drive many Asian countries are starting to sputter. The most vulnerable are those with high dependence on exports, such as Taiwan, South Korea and Vietnam. In China, weak export orders combined with rising costs are forcing tens of thousands of small factories to close raising unemployment. China and India will be affected with the drop in American demand for goods and services. The crisis may have originated in the US, yet Asia's shiniest growth stars may be among those paying the biggest price. It is indeed true that " when U.S. sneezes the entire world catches a cold, some even get Pneumonia " . No country has enough 'raincoats' to weather the global financial 'storm'. A year ago, people were questioning if the subprime crisis that began in the summer of 2007 in the United States would spread to India. It was pointed out that since India was not a major investor in US subprime mortgages; the institutions of subprime lending were not prominent in India. Moreover, the Reserve Bank of India did not follow the policy of the Federal Reserve in the US of cutting interest rates to near zero levels at the height of a real estate boom. The Indian economy had 'Decoupled' from the west. Now, a year later, after a September 2008, which showed massive financial collapse in the US, India too has been hit by the crisis. The seemingly inexorable rise in the Indian stock market has been clipped. The Sensex rose about eight-fold from 2003 to the beginning of 2008, but now has had a correction; it is down about 60% from its peak. India's property market, which has seen a 30% to 50% annual price growth in recent years, is weakening. Consumer confidence locally is being dented by sliding share and property prices. Steep declines in asset values pose worry not only for economic growth, but also social stability, as ordinary folk watch their personal wealth evaporate. Even though the commonly-identified causes of the crisis in the US, the subprime mortgage revolution and the extremely loose monetary policy, were not in evidence in India, outcomes have been similar. Should we be surprised? Actually, the similarity of market behavior across countries is evidence that something else, deeper is at work. The fundamental problem is the swings of overconfidence and greed & now pessimism and fear shared by millions, billions of people. Projections of gloom & doom can become self-fulfilling prophecy. The Great Depression was greatly depressing because it was global. The combined output of the world's economies declined nearly 33% from 1929 to 1932. The unemployment rate soared in the U.S. and Germany to a peak above 25%, World trade collapsed by two-thirds. Booms & busts were transmitted from one country to another through trade & financial flows. We no longer live in isolated glass houses. Today when the 'world is flat', linked together by instant communication, 'Geography is History' and global capital movement is a difficult servant to master. Internet & Television have transmitted fear at lightning speed across the globe. Former Prime Minister of U.K. Tony Blair speaking at the Hindustan Times Leadership Summit on the theme 'We stand together or we fall together' said that be it the economic challenge, terrorist threat, climate change or the battle for resources; all are global, interconnected and interdependent. To rephrase Donne, " Now no nation is an island, entire of itself " . International affairs and business not only intersect but are interlinked. That's how it was supposed to be post 1940's, under the Bretton Woods financial architecture, that brought an end to the old colonial order of imperial trade & ushered in an era of open world economy of interdependence. That the world is a global village is best represented by the Sanskrit phrase 'Vasudhaiva Kutumbakam' which means the world is one family. Swami Vivekananda began the era of Globalization in 1893, at the world parliament of Religions, by opening his speech with the line, " Dear brothers and sisters of America " . I strongly believe that if my brothers and sisters of America are going to face financial hardship, my brothers and sisters of India or for that matter anywhere in the world are not going to be immune from the affliction Quote Link to comment Share on other sites More sharing options...
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