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I = S - M

The modern way of thinking about economics has been I = M - S Where I is the I as in me, M is what is 'mine' and S is what ...

5/14/15

What is the economic history of my country? Tomes have been written on this subject. Worldwide the media celebrates India's success story. The story of India's suffering and malnourished millions remains untold. Between the obfuscation of the scholarly tomes and the unabashed obsequiousness of the media the Truth lies forgotten.

Let us tell the economic history of my country. And let us do it in a minute. 

Soon after the British left India Gandhiji was put up on a pedestal as Father of the nation and conveniently forgotten. Fear and greed, rather than Truth and Love, ruled the day. The Government supported corrupt and wealthy businessmen in setting up Agricultural Colleges that specialized in removing nutrition from the food. 

Polished rice replaced brown rice, maida replaced whole grain flour, chemically processed hydrogenated oil marketed as vanaspati ghee replaced cold-pressed oils made locally, refined sugar replaced palm sugar once grown on land too hilly for cultivation. 

The hungry, starving millions in India's 700,000 villages paid high taxes and ate worse than they ever had. Their meager food supplies were now devoid of any nutritional content. Their suffering grew. Millions of farmers committed suicide and continue to do so to this day.

Gandhiji's image is on all of India's currency while the economy follows none of his principles. Someone's got to speak up. Which is why I write. 



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