Demand and Supply and the flip-smart syndrome. Reply

Some technologies are designed to fail you, so that you will want more and more of them, and you will be prepared to pay higher prices.

Laptops and girlfriends come to mind.

Lets just discuss the laptops. I originally intended the wrote up as a two line joke, which are not allowed in our civilized world, perhaps because we do not know how to deal with such, so let just go and discuss the laptops. You can replace that with anything of your choice. Lets say blogging is a technology invented to keep us busy and less harping about our day today problems and let capitalism has its sighs of relief.

The prices I have paid for my laptop, if I had saved them, I could have easily purchased a hatchback, in today’s time. Believe it or not. But the same laptops are now available at mere 30000. More…

Airplanes are cheaper modes of communication than auto-rikshaw. Reply

Per km fare of a typical airfare now a days could be Rs 3. That for an auto Rs 14.

If you were to (only hypothetically: spherical cow) continue to travel via auto for 1500 kms, you would spend far more for the fare this way, than for an airplane, in that proportion, apart from fatigue, time of travel, inconvenience and other contingencies.

But airplanes do look like auto, in some sense, usually 3 main places where wheels are located in an airplane? atleast asis visible right away, in the reverse order of an auto, although technically airplanes could have far more numbers of wheels. More…

Are younger generations opposed to Capitalism? Reply

Are younger generations opposed to Capitalism? This is a guest post by Sabuj, who writes with much clarity on Quora and I thought this is interesting enough to be shared on this website. He also writes voluminously about various issues of his interest. Since he is very young, it throws a particularly refreshing view into limelight and I would urge you to read this and comment and importantly share this if you liked this. I also invite anyone interested to make a wider audience of his/her interests in creative writing connected to academics (such as science, philosophy, history and sociology in regards to science, cutting edge research and conceptual innovations etc but this is not to say this is the end of the list) can send me a link of his/her article or email me the write up to g6pontiac@gmail.com. I would be glad to publish it here if its devoid of any basic concerns and encourage you to suggest a good writer of science, sociology, philosophy etc to contact me, who wants to write here occasionally or regularly. This is not a paycheck generator so you may as well get an unhindered interface to the wider world. (No its not a commercial website as of this moment or any closely seen future ) Its sole aim is to bring the new and fresh to the widows of the inspired world.

Here is Sabuj’s Article. I hope you all enjoy it.

Let me answer this as someone from the “younger generation”. To begin with, your assumption is incorrect. Today’s generation is not completely against capitalism – at least not against the spirit that an individual should be able to benefit economically in exchange of and in proportion to his/her services to the world. We couldn’t even dream of the revolution in information technology and software engineering without capitalism. I am sure your friends do use the products and services which are the outcome of capitalism for the ease of their lives, even though they may be critics of capitalism itself. More…

Simple Rules of Economics/Capital. Reply

A fantastic bilingual website from the state of Odisha. English and Odia. Very informative especially for entrepreneurs as the name of website speaks of: bepara.com, bepara (byapar) is Odia for transactions/business. Here is a fantastic article written in Odia which I am translating partly to English. I am also appending the article as-it-is in Odia script, as its a valuable and interesting article by the title “Some simple rules”

Source and rights with: http://bepara.com/965/

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“Some simple rules”

Rule of 72; An estimate of period by which capital gets doubled. “Annual compound interest rate” = 9% the 72/9 = 8th year gives “Capital doublization period”.

Rule of 114; Divide by 114, the interest rate (as above, compound interest rate) to get “Capital triplization period” (triplication)

Rule of 144; this gives like above period by which capital gets quadrupled (4 times “original capital” in 144/annual-compound-interest-rate)

Rule of 70; In how many days inflation can half your capital, is obtained by dividing instantaneous/current-inflation-rate by 70. (applied towards pension schemes) More…

Scrapping Outsourcing 2

Scrapping outsourcing will hamper all major economies badly, not just those who provide cheap human resources. The money India begets from outsourcing, a lion’s share goes into the elites, rich men and political powers. How? There are no small powers in outsourcing. These are mid-sized or larger corporates. So they benefit and who else benefits? >> The Governments. The Governments tax heavily, more than 1/3rd they take as tax. eg If you get 100$ profit … More…

Scrapping Outsourcing Reply

Scrapping outsourcing will hamper all major economies badly, not just those who provide cheap human resources. The money India begets from outsourcing, a lion’s share goes into the elites, rich men and political powers. How? There are no small powers in outsourcing. These are mid-sized or larger corporates. So they benefit and who else benefits? >> The Governments. The Governments tax heavily, more than 1/3rd they take as tax. eg If you get 100$ profit … More…