Air India, bailout, financial crisis, government, India, Indian Government, private property, theft
In The Bad on October 19, 2008 at 2:46 pm
The Government of India has announced that it might help Air India with Rs. 2,500 crores in “soft” loans. The argument given by the Government is that as the owner it has the right to transfer the money. This argument is false for a number of reasons:
Government as owner is a very different proposition than a private owner. Private owners have three major sources of funding – borrowing from banks and other private individuals, selling equity on the market and selling assets. The government has a fourth source – taxation.
This is where the problem arises because governments collect taxes on the basis of providing the rule of law and protection of individual rights to their citizens. It is patently immoral for a government to use money raised on this basis to help companies that is owns.
It is also unfair to other private companies that they should have to make the money which the government then taxes and distributes to the state owned companies.
Next, the claimed ownership of Air India must itself be question. Air India was started as a private organization which was later appropriated by the government. As such, the government acted like a thief and any claimed ownership is only that of the de facto possession that a thief has. It is an immoral and corrupt ownership with the aviation minister as the current receiver of stolen property.
The bottonline is that India is run by mendacious thieves who steal the money the people of India work hard to create and spend it on incompetent, loss making companies owned by the government.
China, Rights of Man, Tibet
In The Bad on May 13, 2008 at 2:40 am
In most countries, it is acceptable for lawyers to defend the unpopular, even those held to be traitors. Some lawyers even make a career out of it.
Evidently, it is not so in China. Over there, defending an unpopular cause gets you in trouble.
India, legal view, Reservation, women, Womens Reservation Bill
In The Bad on May 13, 2008 at 12:57 am
The Womens Reservation Bill may be in the news again but Indian lawmakers and the society they represent still don’t understand that women are people too. Consider the following taken from the Indian Penal Code:
Section 497:
Adultery.—Whoever has sexual intercourse with a person who is and whom he knows or has reason to believe to be the wife of another man, without the consent or connivance of that man, such sexual intercourse not amounting to the offence of rape, is guilty of the offence of adultery, and shall be punished with imprisonment of either description for a term which may extend to five years, or with fine, or with both. In such case the wife shall not be punishable as an abettor.”
The wife is thus viewed as:
- the property of the husband
- incapable of taking a decision by herself.
Women need to be viewed as individual people and as equal before the law as men, not as the property of men. The Womens Reservation Bill will surely do well for a handful of women but removing such archaic laws and treating women as equals will do well for all of them.
There is however, no hope of the Indian State viewing it’s citizens as responsible adults so long as this story represents the thinking of Indian society.
Chidambaram, Food, Futures Trading, Rights of Man
In The Bad on May 6, 2008 at 12:43 am
Indian Finance Minister P. Chidambaram says:
“If rightly or wrongly people perceive that commodities future trading is contributing to a speculation driven rise in prices, then in a democracy you will have to heed that voice.” (italics mine)
The proper function of a government is to defend the right to life, liberty and the pursuit of happiness. A majority of individuals cannot gang together and demand to lynch an unpopular individual. Nor can a majority demand that an unpopular economic activity be stopped so long as does not violate the rights of man.
The reason countries have constitutions and laws is so that majority opinion does not overcome justice. A majority is not given the right to be heard or to demand it’s way by sheer strength of being a majority.
There is adequate history to prove that individuals and societies that learn this lesson prosper in the long run and those that do not fail.
By his statement, Mr. Chidambaram just does not understand this simple principle.