Archive for the ‘media’ Category

Fiction and imagination

June 26, 2020

In the days of yore, plutocrats or autocrats ruled the roost. They behaved as if the area they ruled is their fief.  They were photographed mostly in front of the library, which had a sumptuous collection of books, at their homes; wearing dresses, sun-glasses or watches of renowned foreign brands. It was to impress the public which often had no shoes in their feet.

Now since the people hitherto belonging to the peasantry have replaced them, their eccentricities too have been inherited by the new rulers without any hesitation. One might unsurprisingly find racks full of thick volumes of hard cover books–still not removed from their plastic covers–behind the seat of a leading politician of the country talking to a You Tube News Channel, betraying how plebeian he still remains for keeping his books in mint condition. Only if he had opened and read a few of them he would have said things more insightful.

However, the finance ministers of the country one witnessed over the years were said to be an educated lot, as, more often than not, they wielded a high degree from a Western university.

One of them once expressed his aversion to fiction and a preference to nonfiction. His policies lacked imagination obviously. While the economy of the country almost tanked, he returned to the office often enough. Before long he was winning awards financed by banks in Europe, as the capital was flying to them from here unabated in the name of liberalization.

In the meanwhile a group declared a war against the state, as it saw no chance of things improving in spite of the democracy the country now had. It did cost dearly to the country and nearly a whole generation suffered the great turmoil which a civil war entails, before the things became peaceful again, though the country is now a republic.

The incumbent Finance Minister too could not be accused to be a well read person either, or possibly, he too prefers nonfiction. As, while he made chocolates inexpensive, he increased taxes on electric vehicles and, the—of all the commodities—books, in the last budget he made public.

At a time when the country is expected to have surplus hydro power, which it plans to sell to the neighbors; and the bill of petroleum in dollars drains most of the hard-earned forex—mostly by the migrant workers, and the electricity is the most costly in Nepal than anywhere else, such policy of deterring the consumption of a local product only needs an education a foreign university imparts on a natives, to formulate. It could not be even an over- worked imagination, which comes by reading too much of fiction.

Also, as the journalists have unearthed a business house which imported a fleet of electric cars just prior to the day the Finance Minister announced the budget and cancelled a large import order of chocolates. So too many coincidences here indicate that it was not an act of genius on the part of businessman but the sensitive information has been leaked by the state for private gains. Besides the journalists here only do not lack imagination.

One cannot forget here a Prime Minister one saw, who too holds a foreign university degree; who nearly established a diesel plant to produce power in a country which is the second richest in hydro power potential in the world. It later transpired that the country already had enough power but it was being stolen by businessmen with the collusion of politicians and bureaucrats. Thankfully, the PM lost the office before long, as then the political instability prevailed in the country and we do not have a diesel power plant to feel proud of.

The political instability was, during yesteryear, a blessing in disguise in one way, as it did not give any politician enough time to do all the damage he could have done. But now since politics has become stable, one wonders how the country could fare.

K. C. Bhatt

Stimulous far worse than recession

November 23, 2019

A recently published report has brought to light that the global debt is escalating faster than expected and has exceeded two hundred fifty trillion dollars earlier than it was predicted.
It was also mentioned in the report that the two biggest economies of the world account for sixty percent of the total borrowings recently which raced to a staggering 7.5 trillion dollars in the first six months of the current year.
It was not mentioned in this report by what percent it grew over the last year. It also does not mention which of the two biggest economies is more responsible for pushing the world to the abyss of a total collapse. It is important to note that while China has a growth higher than six percent, the USA too has a cool growth of three percent. It is a remarkable growth because the rest of the world is feeling either recession or, worse even, a stagflation. Communist China or the democratic USA: the economic success story is the same for both.
Recently, the Chinese middle class displayed its muscle by spending thirty billion dollars within twenty four hours in online shopping to celebrate the ‘Single’s day’. It can be assumed that the people behind it are young entrepreneurs or professional in their prime years. So it is unlikely that any time in the near future any one can put pressure on China through economic sanctions to make it more amiable to making changes in its polity. Actually reverse could be the case as it is almost similar to the leading economy of the world in size and is growing twice the rate.
It may be a reason that the leaders of former European powers make a bee-line to win favours from China, as recently, President Trump has not been very friendly to them and has placed trade barriers to reduce trade deficit of the USA with EU nations apart from arm-twisting them to cough up more money to foot the bill of NATO.
Besides many countries defined as Emerging economies are already having a debt more than two times their GDP and they are borrowing more to avoid sinking altogether.
Many economies in EU and Argentina and South Africa are incapable of keeping them afloat without a routine bail outs from either IMF or WB; or other agencies; or Germany directly. But for them every fresh economic stimulous has proved worse than the diseases which ail their economies, and they might never get revived for they have a strong culture of distributing social benefits way beyond their capacities.
Any efforts at reforms there have been stiffly resisted by their people. Moreover, these countries have always been advised by their donors like IMF and WB and now in no position to decline more advice from the same. So they no more are sovereign nations in strict terms.
In earlier days these countries were colonial powers, when the plunder of colonies sustained them. After the end of colonialism money-laundering kept them afloat. But now the global public opinion against it has dried it up significantly.
There are more countries which were colonies earlier but are steps away from falling in the similar situation and still have debt less than hundred percent of their GDP. They do not take many advice from the donors but have a colonial system which was not changed much after independence and preys on the people to create a native ruling class which is far more ruthless than the real colonials in exploiting its own people.
However, this can be reversed only if the two largest economies agree to diversify their trade. They account for almost half of the global trade presently and any disputes between them do not last long for it hurts both the sides. Besides their debt situation indicates that they are not in as good health as they claim.
For this situation is precarious for the leading two economies too, as finally it could reach a point of no return and bring down drastically the economy of the world which is barely growing at two percent.
K. C. Bhatt
PR 21 Nov. 2019.

You do not refer to history books to find the truth, but you read the fiction of the time.

April 11, 2014

http://thetroubledoyster.blogspot.com/2013/12/the-royal-enigma-unforgettable-tale_26.html

War with Russia?

March 21, 2014

The way things are developing, it appears as if the politicians are contemplating a war with Russia. Will such a war get popular support in EU nations is the question. Deep in economical crisis, EU nations have some of the most corrupt people in the leadership. Will a war help cover them up the matters and linger the reforms? I do not think diplomacy can not solve this crisis. The first thing needed is to tone down the voice of a provocative English press, owned by a few Moguls only.

Erection

January 8, 2013

Describing it as ‘porcelain hard’ and ‘rock hard’ in two successive paragraphs is a good translation? Of an author who nearly won Nobel prize this year, if one went by rumors. Yes, for literature. The ‘generic’ quality of writing of the eventual winner can be matched by very few of the ‘cultivated’ type of writing schools and scholarships.

In motion

December 18, 2012

Set the world in motion,
before you relax.

Free speech

December 7, 2012

As the outlook worsens for Europe and the crisis in Syria deepens, the USA looks like again being sucked into the vortex of possible greater conflict. For Europeans are unwilling to work their way out of their debts. Germany can not bail them out for ever.
I find a kind of MacCarthyism taking hold in the former colonies and other countries, where English is almost the national language. The carefully managed show is finally coming apart–it may seem.
The crisis is deepening and the plot thickening.

Bless the writer

November 11, 2012

The best literature could detoxify and leave you feeling as if you’re innocent again.
Bless the writer!

British!

October 31, 2012

Who owns the earth?
If not God probably the British. One would like to make you feel a tenant in your own home, eating your food and drinking your wine. There is an escape only if you too begin behaving like one, talking the language and acquiring the attitude. Anything less would be frowned upon. It is so even with the people just twenty years old, and not only the veterans of WWII. The system must be rigourous to regiment everyone like that.
I wish I met an exception.

Intellectual-deficit

October 26, 2012

I have observed that ‘Educated’ type of People are poorer. Probably they can see the ‘Intellectual-deficit’ clearly. Who can bridge it?