Re: Our greed knows no bounds.....

[vamsi@siliconcorp.com]

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    To respond to the title "Our greed knows no bounds....": that is why we
need a system of checks and balances where the greed of any entrepreneur is
checked by competition which is possible under a capitalist/free-market
system.  Such a model with "natural" checks and balances can benefit the
consumer and encourage our creative minds to express themselves fully - a
win-win prescription.  What checks and balances do you propose in your model?

    More of my message is embedded below.

prasad boddupalli wrote:

>     But, the norm of our greed is to make money at the expense of
> others.

    How so?  Under the capitalist model you make money only if you honor the
wishes of your market!!

> Our entreprenurial spirit, our greed, and our way of creating wealth is
> not
> one of utilizing the available opportunities. It is one of looting
> others.

    You are almost there my friend.  Now, which institution of our great land
has driven the people to such desperation?  May I say it?  The Indian
Government - the second British Raj!!  My point is this: are you blaming the
people of India for the way they are "forced" to earn their living or are you
able to see that there is a great oppressive institution that stands in the
way of their dignity??

>
> Our greed is predatory in nature.

    No more predatory than an American or a Russian!!

> That is what I meant, when I said that
>
> chasm will only deepen, if the have's combine the above greed, money and
>
> muscle power ( which thrives in our lawless society ).

    I have not advocated a system without checks and balances.  A
Capitalist/Free-market system with checks and balances can do wonders for
India.  An Entrepreneur will compete with other Entrepreneurs for consumer
confidence - the greedier, the more intense the competition!!

> If our mindset
> can be
> captured in the above words of Mr. Murthy, it will result in a more
> orderly
> and prosperous society.

    May be we can replace his emotional soul and mind with a logical soul and
mind?

>
>     The stanford's, rockfeller's of US fostered the american prosperity
> by
> creating institution of excellence. The US educational institutions
> which
> thrived on the charity stand as an example.

    Those Stanfords and Rockefellers were allowed to create wealth (under a
system that gave them the opportunity) before they could contribute to such a
charity.

> But our stanford's and
> rockfeller's create political parties. The threshold for our greed knows
> no
> bounds.

    The distortions in our logic are non-Euclidean - whatever that means.  Do
we not realize that we have no Stanfords and Rockefellers - our system of
disincentives will not allow that!

>     Free market forces and the buying power are not disjoint and do not
> exist in isolation. There is a symbiotic relation between them. Each
> furthers the other. So, when we talk of market forces, the boardrooms,
> and
> the customer being the ultimate benificiary, it is also imperative to
> increase the purchasing power of the people.

    Good point but how do you plan to increase the purchasing power with a
system that encourages creation of wealth?

Sincerely,
Vamsi M.


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