Found the analysis a good read. One of the contributing factor of this continuously increasing gap is that our policy framers bank more on the opinion and consultations with the top brass of business, naturally focussed on the haves rather than the have nots. Unfortunately, the policy framework takes not enough notice of the ground realities of the country and accordingly adjust the same to suit to the vast majority. Most economists pursue the theories that they find aligned towards. What is needed is that any approach they follow needs tweaking keeping in mind the varied spread of conditions. The ever widening disparity generates a divide between different segments of society, something harmful in the long run. Unfortunately, the political dispensations in power find it very difficult to overcome the selfish interests of big corporates who also happen to help these parties, financially & otherwise, in their electoral fights.
rich of western countries are able to get their govts to do things. I dont know how they do it. but they do it ! what i mean is that these rich dont just make money for themselves but they know how to make their towns and life of general public better. and they also reach a joint decision on these things quickly. its like ...they all think alike !! (they are also do lot of charity and attend social causes )
Re: AND
by Dev on Jan 24, 2015 02:41 PM
dude.thats ridiculous. actually central govt ideas with state govt help will curb poverty. most state govts are not capable at all.look at airports being built.they are good because its central govt doing it
Why no politician talks about population control in particular of poor, who eat all tax payers money and growth. Nothing wrong if Ambani or anyone increases their assets, but share of development must go to everyone, politicians are snatching everything from tax payers for those who just vote for them and does not contribute any growth. Correction will not come, till voting right of these people is not deferred, as our democracy is purely divisive and prejduced.
Re: Wealth
by Varadarajan Ravindran on Jan 22, 2015 02:34 AM
population control automatically follows higher levels of education and industrialization because people do not have time to produce children. No party need to stress this at this point. Only Narendra Modi should curb the Sadhvi's from advocating four children per Hindu couple. He should also provide strong disincentives for Christians and Muslims to produce children without any limit of one or two per woman.
Less than 1/10th of one percent (0.01 %)of the masses own over 90% of the wealth in this backward, underdeveloped poverty-stricken land of filth and squalor. Like a contagious virus, they're into everything, gobbling-upalmost every opportunity in every possible avenue, leaving little or no possibility for the 'small' people to get a leg up.
As long as our politicians are corrupt, Ambanis and Adanis will continue to become more and more wealthy. They will never face downturn in their business as they can easily influence the government policies to benefit their business.
Re: As long as our politicians are corrupt this story will contin
by Ganesh Nakkathaya on Jan 21, 2015 12:29 PM
If everybody is poor then there is no problem
Re: As long as our politicians are corrupt this story will contin
by Varadarajan Ravindran on Jan 22, 2015 02:35 AM
The poorer class must be provided better education and higher incomes by taxing the super rich people and catching the corrupt politicians.
