Demonetisation and its Aftermath
- Thread starter psyph3r
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NotMyRealName
Most economies going cashless hope to implement a negative interest rate policy. Unfortunately, for the few places that have tried it, like in Japan, it's been a huge flop. But yeah, holding all our money and then controlling how, when and how much we use it does look like the broad goal of recent events.
6pack
ex-Mod
People and businessmen will beat the living daylights out of any foolish political party that tries to do this. Whatever is left of the economy will stop dead in its tracks if such a foolish move is made. Any growth we're seeing now will become negative in a few months across all sectors.
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NotMyRealName
If it's done in a gradual phased manner no one will even notice until it's too late.
And going by how smart this govt has proven itself and by how inept and clueless the opposition parties have been, my guess is they'll achieve it. A quick look at history shows that even most dictators' populace basically support them until the very end. Right till he offed himself (allegedly) , Hitler was considered a head of state and even accorded the entitled respect internationally. Only after the irreversible damage was done did people start calling it what it is. I'm sure there were Germans who objected to the Nazi way right from the start, and most certainly they were also called Anti national and unpatriotic and probably shot or gassed. Hey we're lucky, we're still alive (for now)
And going by how smart this govt has proven itself and by how inept and clueless the opposition parties have been, my guess is they'll achieve it. A quick look at history shows that even most dictators' populace basically support them until the very end. Right till he offed himself (allegedly) , Hitler was considered a head of state and even accorded the entitled respect internationally. Only after the irreversible damage was done did people start calling it what it is. I'm sure there were Germans who objected to the Nazi way right from the start, and most certainly they were also called Anti national and unpatriotic and probably shot or gassed. Hey we're lucky, we're still alive (for now)
Mr.J
Skilled
There's a distinct possibility we'll be license raj first before turning into an economic dystopia.
Anyway, I hope this is just Hanlon's razor at work and BJP is just making ******* as it goes ahead because not one of Modi's yes men thought to scrutinize this policy.
Anyway, I hope this is just Hanlon's razor at work and BJP is just making ******* as it goes ahead because not one of Modi's yes men thought to scrutinize this policy.
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swatkats
Skilled
Pathetic way of implementation.
6pack
ex-Mod
Just reading that article made me realize that Indian people like to suffer for some stupid ideal that will never happen. Probably half the country is like the driver above suffering in silence but will still vote for the party who did this to them. There's no cure for stupidity.
cellar_door
Adept
It is not just India though. Whats that old Carlin quote "Think of how stupid the average person is, and realize half of them are stupider than that.". There was an article in Vox or someplace a few days ago about how people who voted for Trump are now panicking as he plans on dismantling the cheap insurance coverage currently in place, they will literally have loved ones die because they wont have any medical coverage. And this is something he said he would do constantly before being elected. Still now they are shocked. But they still think voting for him was the right thing to do.
“The best argument against democracy is a five-minute conversation with the average voter.”
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