Uncle Scrooge's Economics

Just imagine this for a minute. Believe that your family has a generation-old ammunition business. You have your bases and manufacturing hubs in every country. You also hold significant power, which allows you to start and end a war while making it look like you are the peacemaker. You can overthrow any political party that does not buy into your vision and thought process, or build a terrorist organization, fund it as long as it obeys your command, and later demolish it. Your family also holds power over some of the most lethal organizations that supply essential commodities. You have a few organizations that, on paper, are meant for the safety of your family, but in reality, they are working in different parts of the world, killing, abducting, brainwashing, threatening, spying, and obeying your family’s orders to do whatever you want them to do, just because you can. You also control a powerful leftist and woke media that never shies away from showing its hypocrisy. Now, imagine some...

Seldom have we ever come across a person who is willing to invest billions of dollars on an idea for the benefit of the human race. Neither have we ever come across someone who keeps world over his own country. The person I am going to talk about is an unusual billionaire. Having $300 billion to his disposal, he lives in a tiny $50,000 box house, sold all of his mansions, drives a car that his company manufactured, manages to run 4 big companies, travels 5 days a week, works 20 hours a day, and yet, finds out time to post random things on X (twitter). Yes, I am talking about Elon Musk. An engineer, a rocket scientist, an environmentalist, a mathematician, and one of the most amazing polymaths out there.  Elon is one of the most influential and visionary entrepreneurs of the 21st century. Born in South Africa in 1971, he quickly become known for his role in founding, leading, or transforming several high-profile companies that have reshaped industries across the globe. Musk is the C...

How does one truly value a dream? Is it fair to assign a monetary worth to something so deeply personal? Or should we measure dreams by the happiness they bring us? Perhaps we ought to consider their social impact. Dreams and happiness are inherently subjective, and their valuation varies greatly depending on individual experiences and circumstances. Sometimes, you may invest years in pursuing a dream, only to find that the cost of achieving it strips away the very happiness it promised. I want to share one such dream with you. It took me a long seven years to bring it to fruition, but along the way, I lost something unexpected—something that left me questioning the worth of my achievement. Such is life, with its bittersweet twists and turns. This blog is a bit personal. It won't have what my blogs usually do have.  Back in 2018, I was living life to the fullest—playing cricket, enjoying card games, and attending school just to pull pranks. I roamed around aimlessly, hardly studyin...

Every time I write a blog, I strive to help readers connect with the content. Regardless of the topic, I want them to feel the same connection I experience while writing. Recently, I found myself struggling to come up with topics that evoke this feeling. While driving, I thought, "What is it that each and every one of us can relate to?" That's when it hit me: the one thing we can all connect on is the good old Indian traffic. Bharat is the fastest growing economy in the world along with its population touching 1.4 billion. However, this growth comes with its own sets of challenges, and one of the most pressing ones is traffic congestion.  As more people move to urban areas in search of better opportunities, the number of vehicles on the road has increased dramatically, leading to long hours of waiting in traffic. Urbanization is not about simply increasing the number urban residents or expanding the area of cities. More importantly, it's about a complete change from r...

A son once asked his father why Jains are so wealthy. The father replied, "Beta, hum pyaj khate hain aur wo byaj khate hain," which translates to, "We eat onions, and they eat interest." Jainism, one of the oldest religions in Bharat, dates back at least 2500 years. Historically, communities that have emphasized their "minority" status have become a burden rather than a benefit to this country. However, the Jain community is an exception. Jains are among the most valued people to associate with. Adam Grant, in his book Givers and Takers , categorizes people into three types: givers, takers, and matchers. Matchers operate on a "you scratch my back, and I'll scratch yours" basis, while givers and takers are self-explanatory. Though Jains may not have read this book, they undoubtedly fall into the Givers category. No other community has contributed to the Indian economy like the Jains. They account for 24% of income tax contributions and 48% of ...

One person. That’s all it takes for someone to achieve what was once considered unachievable. History is full of such examples. Chanakya molded Chandragupt Maurya into King Chandragupt Maurya. Rishi Vishwamitra transformed his disciple Parshuram from a Brahmin into an undefeatable Kshatriya. General Sam Manekshaw's strategic brilliance led to the surrender of 93,000 Pakistani soldiers. Kapil Dev inspired India to win its first cricket World Cup. Arthur Howard helped Milkha Singh become the Flying Sikh. Narjit Singh guided Mangte Chungneijang into becoming Mary Kom. And JRD Tata mentored a young American architect, shaping him into the remarkable businessman we know today as Sir Ratan Tata. Our development is greatly influenced by the people we surround ourselves with. We tend to emulate their behaviors over time. Our first heroes are typically our parents. We don’t choose them; they shape our understanding of what’s right and wrong. Through them, we learn that dishonesty and arroga...

We all have heard the ancient saying that goes like, "Every dog has his day." What it basically means is that every individual will be successful or lucky at some point in their life. You all might be thinking about that one day that changed your life, for better or for the worse. Likewise, I believe that every country has their own day or a year that changes their destiny. Personally, I believe that the year that changed the world economy was the year 2008. The aftereffects of the crisis were so abysmal that some countries are still trying to recover. It didn't just give economic trauma to the world, but it also gave emotional and psychological traumas, which is the reason why emerging market countries have such low stock market participants. Of 198 countries compared on the percentage change in GDP between 2007-2009, the most impacted countries were predominantly the Eastern and Northern European countries.   Out of those 198 countries, I personally believe that Iceland...