{"id":22397,"date":"2017-01-02T13:09:47","date_gmt":"2017-01-02T18:09:47","guid":{"rendered":"http:\/\/olduvai.ca\/?p=22397"},"modified":"2017-01-02T13:11:08","modified_gmt":"2017-01-02T18:11:08","slug":"22397","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=22397","title":{"rendered":"Modi\u2019s Great Leap Forward"},"content":{"rendered":"
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Modi\u2019s Great Leap Forward\u00a0<\/a><\/h3>\n<\/div>\n
India\u2019s Currency Ban \u2013 Part VIII<\/strong><\/div>\n
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India\u2019s Prime Minister, Narendra Modi, announced on 8th November 2016 that Rs 500 (~$7.50) and Rs 1,000 (~$15) banknotes would no longer be legal tender. Linked are\u00a0Part-I<\/a>,\u00a0Part-II<\/a>,\u00a0Part-III<\/a>,\u00a0Part-IV<\/a>,\u00a0Part-V<\/a>,\u00a0Part-VI<\/a>\u00a0and\u00a0Part-VII<\/a>, which provide updates on the demonetization saga and how Modi is acting as a catalyst to hasten the rapid degradation of India and what remains of its institutions.<\/p>\n

India\u2019s Pride and Joy<\/strong><\/h3>\n

Indians are celebrating that their economy has surpassed that of India\u2019s former colonial master, the UK.<\/p>\n

So-called educated Indians have latched on to the above visual, with full support of the Indian government. It has been shared far and wide in the national media. When you remind them that India\u2019s population is twenty-one times that of the UK and on top of that, the British pound has taken a huge pounding because of Brexit and associated fear in the financial markets, expect to be ignored. You will be seen as anti-Indian.<\/p>\n

Given the underlying irrationality and tribalism of India (read earlier updates for more on this), selected numbers are used to rationalize feelings and emotions. You see this everywhere in India: Science \u2014 very ironically \u2014 is used as a tool to rationalize superstitions and irrationalities.<\/p>\n

Who needs reality when we can exist in illusions? But even this illusion\u2014that India has superseded the UK \u2014 might disappear once the reality of India\u2019s demonetization sinks in and the rupee falls, which it likely will once the international media recognize that Modi went for demonetization not to reduce corruption, but to transform India into a police state.<\/p>\n

Modi\u2019s interest was to increase tax collection, for the sake of tax collection, an approach in which rulers start to see themselves as all that matters, where citizens come to be seen as mere cogs in the service of the state.<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Modi\u2019s Great Leap Forward\u00a0 India\u2019s Currency Ban \u2013 Part VIII India\u2019s Prime Minister, Narendra Modi, announced on 8th November 2016 that Rs 500 (~$7.50) and Rs 1,000 (~$15) banknotes would no longer be legal tender. Linked are\u00a0Part-I,\u00a0Part-II,\u00a0Part-III,\u00a0Part-IV,\u00a0Part-V,\u00a0Part-VI\u00a0and\u00a0Part-VII, which provide updates on the demonetization saga and how Modi is acting as a catalyst to hasten the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[5728,1035,1034,14519,422,14518,14577,14520],"class_list":["post-22397","post","type-post","status-publish","format-standard","hentry","category-economics","tag-acting-man","tag-cash","tag-cashless-society","tag-currency-ban","tag-india","tag-jayant-bhandari","tag-modi","tag-narendra-modi"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/22397","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22397"}],"version-history":[{"count":2,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/22397\/revisions"}],"predecessor-version":[{"id":22399,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/22397\/revisions\/22399"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22397"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22397"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}