Skip to main content

Its a Season of Scams for a reason


Sometimes I think as to why so many scams are coming out. There has to be some reason for this. It could not be that there were no scams in past or that media was so lackluster as to identify one. 

The social changes like literacy, urbaisation and rapid disbursement of news via cable and social media had definitely had an impact. However still, why now?

If you take stock market's analogy (or for that matter of economy by extension) most scams happen at the Top. When everything is going good and when the scamsters hope their scams can run some more and remain underground. But AFTER the top, the shifts in loyality and unability to paint more bright pictures of future creates huge risks for scamsters who are now vulnerable to any surfacing of evidences or conspiracies. This should envenutally lead to convictions and a general clean up of the system.

IMO, these scams clearly represent the TOP in something. I am hard-pressed to believe that it is the economy. It is unlikely with such a young population. 

Among the thing that seems perfectly synced well with Its-Over-The-Peak theory are the fortunes of Congress party. 

With the number of Congressmen who are engulfed in the shame of scams, it is hard to foresee how they will survive under the present and future circumstances. Also, all the ambitious Congressmen might be better off by jumping the ship to other parties or form their own splinter factions. Remaining, within the core party while it steadily looses steam would be ruinous to the careers of these smart people.

Given the amnesia of general public, the dirty linen being washed in public right now are very hard to digest. They are likely to remain in memory for a much longer time to come. The duration of this memory will be dependent on how badly the economy fares and depending on who writes the history books to blame the economic downturn.

The same TOP-theory can arguably made case for other major National parties like BJP, CPI or JD. But since they are not currently under the direct line of fire, they may be less impacted in short term than Congress.

This is a Season of Scams because, IMO, Congress is over. More the number of scams unearthed, the faster it disappears. Probably it is a better idea for parties like BJP to come to power and start a real witch-hunt against Congress and its allies to finish it off once and for all. And it is in interest of Congress that they do what ever is possible to hide and ensure there aren't evidences. Meanwhile, some of these parties really need to sponsor several authors to write on these scams - to bring out the truth or to confuse. The party first to hit the market sets the pace.

Disclosure: Not affiliated with any political party.

Comments

Post a Comment

Popular posts from this blog

Cognitive rules of business presentations

In his recent book, Clear and to the Point, Kosslyn explained that the four rules of PowerPoint are: The Goldilocks Rule, The Rudolph Rule, The Rule of Four, and the Birds of a Feather Rule. Here's how they work. The Goldilocks Rule refers to presenting the "just right" amount of data. Never include more information than your audience needs in a visual image. As an example, Kosslyn showed two graphs of real estate prices over time. One included ten different numbers, one for each year. The other included two numbers: a peak price, and the current price. For the purposes of a presentation about today's prices relative to peak price, those numbers were the only ones necessary. The Rudolph Rule refers to simple ways you can make information stand out and guide your audience to important details -- the way Rudolph the reindeer's red nose stood out from the other reindeers' and led them. If you're presenting a piece of relevant data in a list, why not mak...
Post a Comment
Read more

Monetary inflation, Spiritual devaluation

Its been sometime I have been trying to make some special people understand the evils of inflation. Inflation is an abstract subject most of us dont know about, let alone understand the technicalities amidst jargons. I have in my previous post have briefly touched the social part of inflation but never in a concentrated way. I understand what my friends mean when they say "tell me in layman’s language." It is not a heartening sign, that they avoid technicalities. But it could well be that knowing where they stand, their role and understanding the social changes in the light of inflation may motivate them to understand the term "inflation." This is just to highlight the brief points. First and the foremost, is there any link between inflation numbers and society. Yes. The relation is same as the relation between society and money. What is money? Money is an easy means of exchange. If I am selling my horses to a pig-farmer and I am not interested in taking pigs in ret...
2 comments
Read more

Unprecedented External Demand Shock Underway

India’s export growth averaged 24.8% over the last three years, driven by strong global growth. However, over the last three months, export growth has decelerated sharply. While until recently the strong demand from emerging markets including Latin America, Emerging Europe, the Middle East and Africa ensured that export growth remained healthy, over the last three months disruptions in the macro environment of these economies have been evident. Apart from weakening demand, exports have also been affected by the lack of availability of foreign trade credit and inventory liquidation. India’s exports declined by 12.1%Y in October 2008 compared with 10.4% in September and 26.9% in August. While we expect some improvement in the second half of 2009, exports are likely to be unusually weak over the next six months. We now expect exports to decline by 5.3%Y in 2009 compared with 12.7% in 2008 (estimated) and 23.1% in 2007 Excerpt source
Post a Comment
Read more