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Analysis
The nation wakes up to the news of the day on 16th of January 2009: The Prime minister addresses the captains of industry, sending message to the India Inc, at the Trident Oberoi hotel in Mumbai. The content: �Everything is back to normal... India is safe ... please come back�. It is a day after the front page of almost every newspaper splashed the silent waters. Reports could not resist the analytical temptation and passed suspicion-laced comments. The bottom line: an unequivocal mourning on the Satyam fiasco and reports on endeavor for recovery. The second bottom line: It also informed us on the unveiled predilection of the India Inc for a leader of the nation in Narendra Modi. The element
of irony that a student of creative writing always seeks to learn by
poring over tomes is ubiquity in our national dailies. It however does
not amuse. Irony has become scare crow for all those envisioning hope
amidst hovering clouds of doubts. The Indian prude will have to
reconsider the validity of traditional dictum before it is merely a
straw in the ideology of innocence. The make believe of �everything true
is divine and hence beautiful� is fractured enough to hold water. Satyam
is not beautiful, and the newly unleashed intimacy between the corporate
and the hardliners is not divine. And thus a news report reads �Kalam
quits� (Telegraph, January 13th, 2009). The former President was on the
governing board of Emergency Management Research Institute, a non-profit
outfit floated by Satyam Computers. Mixing the report with a bit of
analytical conjecture, the wisdom woke up of a crescendo of crumble. �We the
people� grimaced with terror strikes targeting nation�s underbelly.
Satyam refuted it, as it were. After all, Truth is supposed to supersede
lie (or half-truth). The underbelly is not shown with people charred in
the enflaming RDX. Neither is it all about the decimating hope. It is to
the fore when tyrannical unpredictability envelopes economy. At least
such a crisis proves that everything else is merely superstructure
around the core of economy. No numbers of people dead and amputated is
equal to tumbling economic edifice. Ironically, capitalism of our times
makes us realize this. Death of Living is secondary to death of economy.
It is scientific error to consider �economy� for any (social) group of
Robinson Crusoe/s, for the latter is never a group-entity. It is further
erroneous to take Robinson Crusoe for any individual. As far as
economics of our time is concerned, Robinson Crusoe is not for any Tom,
Dick and Harry. Beyond a pause, it is for Tata, Birla, and Ambani, and
their ilk. Therefore, probably, a sulking Tata or a disgruntled Ambani
an instant intervention in their favor, by Left, Right, Center and their
playmates who belong to perhaps nowhere. With Satyam�s
nose-dive and revealed inefficient mechanism of regulation, the
disparaged state looks clueless. Shifting needle of blame toward
Pakistan and partaking in war cry, post terror-strikes, is so much
easier than answering the market giants. Penalizing Raju Ramlingam is
not anything in comparison to condemning the allegedly benighted
Pakistan. Secondly, the global economic downturn has pressed both the
state and the corporate to try expedient measures. Receding jobs in IT
industry blots the picture of ICE-age (Information, Communication and
Entertainment) that we so religiously conjured at the dawn of new
century. While IT measures are playing defensive, and the management
institutes are launching new courses to fan some fume of hope, the twist
in the politico-economic melodrama surfaces. The non-IT Godfathers have
flex miscl3es and assert that they are the most powerful even in the
post-modern information society. Suddenly post-Fordism, which every
Social science student learns about in colleges with great zeal, is a
doubtful thing of past. It is them who still wield the clout to persist
and multiply. It is them who are the so-called beacon of hope and
prosperity. Thus, it is them for whom the state must do everything. August 2, 2009 Dev N Pathak is Guest Faculty in Hindu College While finishing Doctorate at Jawaharlal Nehru Unievrsity. |
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