Skip to main content

Handing over Capital for clueless experiments(fashionable ventures) and luxury(through mis-utilization of loan)

 I still remember my grandmother told me at any cost seed must be protected. Capital is that seed which will be used to reproduce capital itself and rest for consumption. Whatever may be the problem of distribution (its true how wealth is distributed determine the protection of capital), protection of capital is undeniable fact. 

However, another fact is at first in any society wealth is distributed to the establishment of that society. When they turn out to be clueless about wealth then there will be no protection of capital. They will live a lavish life out of taxation. They want to show they are the one, but the reality will be opposite and then they start to waste wealth. 

In that society, no capital will be protected neither additional capital will be generated. It's better to intoxicate such powerful people in liquor and lock them for forever in luxury house than to give them access to national capital. 

Power coupled with cluelessness and ego of supremacy hurt the capital more than anything else. Since, major portion of income from capital gets returned to the country as tax, that tax must be in hand of prudent people, also private wealth is converted into capital through banking system, hence banking too should be run by prudent people. Allowing useless project which can't regenerate capital (at minimum) should be stopped at any cost. Any risky ventures should not be financed by any banks. One should take risky venture using own wealth, if successful (and regulators should support by all means other than publics money) reward will be huge. 

However, clueless people who have no sense of capital, how destruction of capital leads to poverty and even cost human lives, who are mad and always filled by using Political power at cost of taxed wealth should not be allowed to take even their own wealth at all. Since, it will be too far and all human are free to use their wealth however way they want (at least for me), they should be allowed to destroy their wealth but should not be allowed to use other's wealth (mainly banks' money and tax money). 



Comments

Post a Comment

Popular posts from this blog

Sustainable development of Life

 XYZ whatever be the technicalities of a life process, the origin is, as I am convinced at this point of time, nothing but wish of Nature or who create the nature. The sole purpose of life is to consume itself. Consume is really the worst word in this context. Let me say to observe the beauty of itself by itself. Hence, we are designed in such a way with such and such purposes by the ultimate guiding truth which is ever full of knowledge of all kind. It can do anything (proof: various form of lives), it is evolved or it is ordained by truth can be a debate. Base of life is nature or life (especially human) struggle with nature to evolve itself. First one provide possibilities of re-creation of more sophisticated or more adaptable life suitable to the nature at that point of time, second is more egoist approach to life and claim nature as nothing but inert objects which are subject to enjoyment or preservation for enjoyment in future (as now discussed in the name of sustainable deve...
Post a Comment
Read more

Ethics : Dharma of Individual (Yoga Sutra)

 Ethics as virtue-  it is collection of desirable action for sustaining society. [dying for group's belief ] Ethics as utility- it is collection of desirable action for sustaining society and more rudely exchanged in name of utility, often society can buy desirable action for society and tag it with ethics. [dying in poverty is ethical but to save life by robbery is not] Ethics of universal rationality- whatever action that can be universalized is ethical and others are not. collectively it again universalize social needs over individual {I am deficient here....} Ethics of social contract- here even an attempt to hide the social behavior and labeling it as ethics has been withdrawn [collective interest labeled as ethics] In my limited understanding these alternatives, individuality is easily coerced by society. But these definitions are not capable to define anything at all. Many things now called Ethics are borrowed from religion. Mainly non-violence and etc. can be traced di...
Post a Comment
Read more

Dharma Ra Nyaya-1

 In no way I am writing with any certainty about these words or realities or whatever phenomena they are. But with quite a discussion with a learned friend of mine, clarity of thoughts seems to built within. However, from very surface reading and my own biases, Dharma and Nyaya have been same thing for me. Naya here is not a branch of philosophy rather justice in its strict sense.  What is Nyaya? In its day-to-day life, a decision by court of justice is itself justice. One can try to cry over and over yet in short run whatever a reason of court is will be justice. However, in truth, justice is related with what a pure human consciousness guide the human being as a justice is justice. Qualifying consciousness with purity may be a false attempt to define something undefined. Here, purity of reason can do good work. With hope , purity of reason coincide with one true reason by all human being. With a good wish, many have found to place great trust in universal reason or something...
Post a Comment
Read more