Friday, December 31, 2010

It is a shame that we will have more billionaires than Europe or Japan

On reforms with a human face: There is no human face. It is absolutely dehumanised. Let me be blunt. With so much of poverty and destitution, a billionaire has the audacity to build a house worth Rs 5,000 crore when half the population of Mumbai lives in jhopad pattis. This is what economic liberalisation has brought about.
On the rich and poor: Three hundred million Indians still starve, getting less than the minimum nutrition needed. Another 300-400 million are not starving but are poor. On the other hand, we have the emergence of billionaires. It’s a shame that we will have more billionaires than Europe or Japan. Discontent is going up as disparity gets pronounced. Sooner or later this will get mobilised, as in Chhattisgarh, Jharkhand and Manipur. There will be more such pockets and we will face an incendiary situation. The politicians are unaware of the prospects that lie ahead. As for businessmen, they think they can rule forever through foreign favour and exploitation.

From Ashok Mitra's take in Outlook. More Here.

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