tag:blogger.com,1999:blog-19649274.post2688431703989122321..comments2024-03-29T12:03:50.891+05:30Comments on The Leap Blog: The arrogance of powerAjay Shahhttp://www.blogger.com/profile/03835842741008200034noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-19649274.post-26262229983632550872013-05-13T06:23:08.799+05:302013-05-13T06:23:08.799+05:30The problem begins with "What is the market f...The problem begins with "What is the market failure I have identified".<br />At the broadest level of our national dialogue, the belief is that all markets are a failure. The "arrogance of power" both flows from this and feeds into this.Mohit Satyanandnoreply@blogger.comtag:blogger.com,1999:blog-19649274.post-22364951609551217302013-05-13T01:31:12.769+05:302013-05-13T01:31:12.769+05:30How is it any different in other countries ? The o...How is it any different in other countries ? The ones in power always are arrogant. Look @ the current devaluation of currencies going on in the world. I am sure govt knows about the global financial mess being created today in name of quantitative easing. Prime Minister clearly concluded that there is no collateral backing the amount of money that is in financial system in his paper : Money and Collateral for IMF. <br /><br />Why should hardworking Indians pay for a domestic problem in some one else's country ? Allow local entrepreneurs to flourish to cater to local economy. Yet again govt seems to think FDI is a panacea to all problems.<br /><br />As far as i am concerned, all the officials around the world who think quantitative easing is working 5 years later when gains have been questionable are arrogant in deciding to pursue the same. When the next crisis occurs, i hope as a society we do the right thing by jailing such individuals for financial crimes including the private sector executives in banks who are in bed with the officials.<br /><br />Anonymousnoreply@blogger.com