Continuing from where I left off yesterday, it is really great to be back here in Pondicherry - a Fair City with a separate History of its own. On Beach Road, there is a grand statue of the French East India Company boss, Dupleix, who founded this fair city - only in order to Trade By The Open Sea.
This is what Wikipedia says about this Man:
Joseph-François, Marquis Dupleix (1 January 1697 – 10 November 1763) was governor general of the French establishment in India, and the rival of Robert Clive.
The Key Point to note is that, unlike our Politicians and IAS-IPS officers, Dupleix was NOT a "client" of Delhi - or Calcutta.
He built the French East India Company territories INDEPENDENTLY.
And that is what must NOW be done again.
No taxes should be sent to Nude Elly. And no "plan allocations" in "funny money" should be accepted either. Pondicherry, Karaikal, Mahe and Yanam must BREAK FREE.
As I said yesterday, I am proposing a series of four lectures in Pondicherry University (for a fee) - one of which will be titled "Sound Money & Free Banking Under Law." This French enclave can easily solve its funny money problem.
Of course, taxes will have to be collected, honest civic corporations set up in all four territories, and these taxes - paid in Sound Money - will have to be invested well: in roads and streets, in footpaths, sewerage, drainage; that is, in City Capital. This honest tax money must not be wasted in Useless Departments as is happening today.
Free Trade over the Open Sea and a Free Economy will have to be established - Under Law.
This Law will be Private Law - that is, Property, Contracts and Torts - and I have a column on this subject that you can find here.
Further, a Private Law Society can happily exist without a Police Force. Where there is no legislation, there is no role for any "legislation enforcement." Remember, when the London "Bobby" first made his appearance in the 1830s, he was UNARMED - and Londoners jeered at him on the streets.
What will most certainly be required are EXPERTS in Traffic Safety & Engineering. The IPS knows NOTHING about this vital subject - at a time when over 200,000 Indians die on the roads every year, and many times more are seriously injured. Road safety is of paramount importance as the Automobile Revolution has been happening for many years now. To built a Great City in Pondicherry will require Foreign Experts in Traffic Safety, involving Civil Engineering, Electronics as well as Signage.
So, shall we BREAK FREE?
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