Thought for the day
“Human behavior flows from three main sources: desire,
emotion, and knowledge. ”
-
Plato (Greek, 427-347BC)
Word for the day
Abecedarian (n)
A beginner in any field of learning.
(Source: Dictionary.com)
Teaser for the day
In new India it’s ok for men to be emotional and show it
also. I find this is the best thing that is happening to us.
Politics
to change from “power centric” to “people centric”
Yesterday many of my readers enquired whether I being
excessively and unnecessarily emotional about the political changes taking
place in the country. Some of them raised concern “if it would be appropriate
to change investment strategy on the basis of an emotional political speech”.
I have replied to most of the concerns. However, I find it
pertinent to share my thoughts with all of you.
First of all, there is no change in the investment strategy.
Asset allocation remains the same. Portfolio constitution remains the same.
Timing of investment remains the same. Return expectations remain the same.
I have been saying that the only thing I expect from new regime
is better and faster execution. With Modi at helm the confidence in execution
capabilities has increased. That is one minor change.
A major change however comes from the visible change in the
political culture. The free flowing tears of Narendra Modi, many of his party
colleagues and Anandiben Patel, signifies the most distinguished paradigm shift
in Indian the Indian political system.
In post Lal Bahadur Shastri era, politicians have only shown
stoic arrogance or divisive fervor. Genuine humane emotions have been mostly
missing from the popular discourse. This has not only deepened the trust
deficit between people and administration but also disconnected politicians
from the real concerns of the country.
Return of emotional politics gives me confidence that the people
at the helm are now connected with people and appreciate their concerns. As a
natural corollary the policy making is therefore bound to be “people centric”
rather than “power centric”. Programs will be based on people’s aspirations and
needs, rather than what is necessary to stay in power.
Economics of political profligacy and misdirected entitlement
may likely pave way for holistic growth based on the principle of equality,
justice, dignity, sustainability and viability.
The propaganda done by Arvind Kejriwal led AAP has seriously
dented people’s faith in “the system” and “the constitution”. Elevation of
Narendra Modi, Anandiben Patel and Jitan Arm Manjhi will go a long way in
restoring faith of people in “the system” and “the constitution”.
In his speech Modi repeatedly emphasized that the system that
allows the last man in socio-economic hierarchy to rise to top posts does not
need to be replaced. It needs to be strengthened. Kejriwal should also realize
that the system that allowed an ordinary citizen like him to become CM of a
state and aspire to become PM of the country need not be changed. It only needs
to be honestly followed, which unfortunately AAP did not do. Post their
electoral victory in Delhi, I had given AAP led by Kejriwal five years to
perish (See
here). It seems it will much sooner.
People who fear about RSS need to understand two things: (a)
Hindustan Lever with a customer in every street has the best economic
intelligence of the country and (b) RSS with a volunteer in every street has
the best socio-political intelligence of the country. These two should be
respected for their intelligence inputs at least.
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