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A sweet Tamilian lady called on me this morning as I sat on my perch next to the saintly sadhu. She, too, talked about me being an Indian Police Service Officer - which is in The News - and I told her that I was in the IPS from 1984-89, after which I resigned. I added that I was also Editor of The Economic Times in Nude Elly between 1998-2002 - and that I also resigned from this position, because of grave differences over editorial content. The particular editorial I wrote, and which they rubbished, was AGAINST Sonia Gandhi.
Next, I advised her to read my books, published by Macmillan India in 2000 and 2003 and available from flipkart.com - the first titled Antidote: Essays AGAINST The Socialist Indian State; and the second titled Antidote2: For Liberal Governance. If I may add, just for the record, the latter book was originally titled "Columns For Freedom" - but the Editor of Macmillan India who suddenly replaced Joseph Mathai insisted on a change of title.
Now, the second essay in my first book is titled "State! - or Why The Socialist Indian State Is A Predator." This should be fairly obvious to us today, especially if you read Madhu Kishwar's column of just today highlighting corruption that plagues rickshaw-wallahs and street vendors throughout India.
But the political atmosphere in India in the 1940s and '50s favoured "State Socialism" as a means of "helping the poor." This, while the poor are debarred from "helping themselves."
I mean, imagine that? If our The State makes steel, the poor get rich! What FUCKING NONSENSE!
It is also IMPOSSIBLE for The Exchequer to "employ all the poor." This is LUNACY. And the "funny money" used for the purpose is a REAL CAUSE OF MASS POVERTY - because "inflationism ERODES the CAPITAL of the poor."
So, suppose a poor man tries to save 5000 rupees to buy a bunk-shop - by the time he has saved the money, the shop will cost 10,000 rupees, and he will have to save the money all over again.
The Officers of the Indian Administrative Service are all employed in this "Pork Barrel Politics." They get their Budgets from the Centre - and run a huge number of Completely Useless Departments. Like the Department of Fisheries - where the fishermen cannot even import Out-Board Motors (OBMs). I saw another van today belonging to the Department of Hindu Religious Institutions. There are so many more - like the Pondicherry Industrial Development Corporation (PIPDIC) - which surely supports "import-substitution" in a coastal city where ZERO FOREIGN TRADE occurs.
Similarly, there is the Pondicherry Tourism Development Corporation. But Beach Road is absolutely not a "happening place" for tourism. The Traffic Police ban motor vehicles - including motor-cycles. And I wonder who bans the sale of alcoholic drinks and non-vegetarian food on Beach Road. And cigarette smoking and sales, too. This, while they are surely spending money on MGNREGA - "pork barrel politics."
Beach Road ought to be extended by 10km both North as well as South. And the entire beach opened up for the entrepreneurs and street-food wallahs of this Fair City. Remember, one single tourist creates 12 local jobs - while the MGNREGA is only "inflationary."
Then, I saw a van belonging to the Pondicherry Housing Board. Just like Nude Elly and the disastrous Delhi Destruction (Development) Authority, which has made housing out of the reach of all - especially The Poor. In Nude Elly, over 50 per cent of the population lives in SLUMS. And a second-hand DDA flat can cost 1 crore rupees (100,00,000 rupees).
There are slums near Beach Road - where I drink tea every day, and buy cigarettes. I am sure the people there have no Property Rights.
And, in Pondicherry, there are two huge drainage canals - which could easily be covered up and converted to commercial property. There is the Main Canal between the French Town and the Tamil Town. There is also a Petit Canal right here on Mahatma Gandhi Road where I work on my blogging - and around which poor people live.
This implies that Tax Money should be spent on Capital - like roads, streets, sewerage, drainage, the covering up of canals.
NOT THIS NONSENSE!
If this is done, this Fair City will expand, and Plot Owners will build their own houses - and Pay Taxes.
Same is to do with the Education Department: they teach NONSENSE. They should be SHUT DOWN. As Ludwig von Mises wrote in his great book on Liberalism:
There is, in fact, only one solution: the state, the government, the laws must not in any way concern themselves with schooling or education. Public funds must not be used for such purposes. The rearing and instruction of youth must be left entirely to parents and to private associations and institutions.
The Good People of Pondicherry surely don't need a "Right to Miseducation."
If you have NOT been following matters in the USSA over the US Paper Dollar, I recommend this article by Robert Murphy of the Mises Institute, titled "On the Brink of Inflationary Disaster."
The solution lies in Sound Money and Free Banking Under Law in Pondicherry - which is the title of a lecture I am hoping to deliver in Pondicherry University, soon.
To conclude, the Good People of Pondicherry must realise that this BRI "funny money" is The Problem.
When this "funny money" reaches this Fair City, the First People who get to spend it are the IAS-IPS and the Politicians. They gain - while those who spend it last, or who SAVE, lose. Borrowers gain - and all the RICH PEOPLE of India are borrowers: they borrow from shareholders; and they borrow from the banks. And this includes many Public Sector Banks - which LOSE MONEY by buying "non-performing assets."
Fiscal Independence is what this Fair City needs.
But enough for today, I will revisit this discussion tomorrow.
State tuned.
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