The other day, Satyajit Dey and I were discussing business ideas. And the best idea we could think of was opening a Bengali restaurant in Goa. They love fish there, and there is no competition. We would make huge profits.
What I want to point out is that the Profit Motive is totally innocent.
We did not want to loot anyone. We merely wanted to compete in the business of keeping customers happy and well fed.
And what is more: We displayed Courage. It takes guts to invest money; it also takes guts to migrate.
The Profit Motive is thus not only innocent; it shows guts.
Now compare the Profit Motive to the Vote Motive.
All the Great Evils we see in India are being done by people with the Vote Motive. Raj Thuggeray’s goondaism has the Vote Motive in mind. Ditto for the Bajrang Dal. And the same holds true for Manmohan & his Nutts: the massive spending on rural employment and loan waivers are all directed at winning votes.
The Vote Motive is an Evil Motive.
Thus, we need to encourage people to enter The Market and compete for honourable profits: Shubh Laabh.
And we need to downgrade Democracy.
We have lost a lot by instituting a socialist democracy wherein the Profit Motive is discouraged while the Vote Motive is encouraged.
We need to build a New India the other way around.
Very true. People tend to look at businessmen as individuals (which is right) and government as an abstract concept. They then ascribe 'noble' qualities to the government.
ReplyDeleteThey fail to see that government is nothing more than individuals, who too have self-interests. Even when the truth is right in front of them, even when they see what atrocities are committed in the quest for votes, they still see it as a fault of a few practitioners and not as a flaw in government.
Which is why they don't see a contradiction when they assume that people are inherently selfish but governments aren't.
You must have seen this awesome clip where Milton Friedman talks about this : http://www.youtube.com/watch?v=RWsx1X8PV_A
The current economic crisis happened just because everything was left for the profit motivatorss... There need to be a balance...
ReplyDelete@mridul...i don't understand balance...is balance that you talk about a balance between greedy people (which of course in today's world are people who work for profit or the so called rich people) and the people who are not greedy...if that's the case lets see democracy....and let's focus on India's democracy....aren't we a socialist democracy...so the so called balance should have existed or atleast to some extent....however, if you see that more than 70% percent of the people are poor and they are anyways being ruled by the rich and the powerful....the point here is not balance...the point here that i am making is that which system gives us the ability and the chance to grow and work to benefit ourselves....we are always going to be ruled by the rich and powerful...even in the US which cries out that it is truly a capitalist country (which of course is not) is ruled by the rich and powerful...in communism, known as the true savior of equality and the power of common man, too we are really ruled by the rich and powerful...however, none of the systems other than capitalism gives us the ability and the power to grow and be free...through democracy, socialism and communism there will always be repression and there will always be people who do not want anybody else to grow and share the ruling...however, atleast capitalistm will give you the chance....balance may be got through capitalism and not through repression....
ReplyDeleteMridul: The current crisis has occurred only because of central banking, a government racket.
ReplyDeleteThe solution is "private money" - GOLD - and free banking under the Rule of Law.
We will discuss these issues on this blog sometime.
Stay tuned.
The point is vote motive is ultimately profit motive, hypocracy and a blind eye disallows this vision, if only politics was a business proposition, which by all means it is, all rules should be that of a business and not a second set of rules, for the khadi clad....sure things would fall in place....
ReplyDeletehigh time we call a spade a spade..?
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ReplyDeleteirajeshme, try and understand the difference. the basic motive of a politician... it is to gain a certain amount of control and power over millions of people, whereas the businessman is interested in private money and not really any moral support of the public.
ReplyDeleteand that leaves him in a space absolutely isolated in terms of unfiar monetary influence as long as there is encouragement for profit motive and discouragement for vote motive
ReplyDelete