Most of the Governments of the world have been subsidised by the middle class. Let me explain. The biggest borrower in India is the Government of India – about 80% let us say. Now this government along with the RBI can decide the interest rates for most of us. They decide: at what rate PPF […]
Does it sound funny? Well it is not – it is a Gandhian concept (for the more ignorant people, I mean Mahatma Gandhi, no relationship to Feroze Gandhy who changed his spelling to Gandhi). Mahatma Gandhi too would have had many small problems – stomach ache, headache, injuries – but he choose to concentrate on […]
In the 1980s the Japanese manufacturing might was hurting the Americans. Clearly US ‘experts’ were talking about how all the manufacturing will now be Japanese. Everybody ‘knew’ that the 1990s will be the decade of the Japan. American cars were useless, American watches were too expensive, – anything that America could, Japan could do better. […]