Wealth and Whips

Excerpt: "   Have you ever asked what is the root of money? Money is a tool of exchange, which can’t exist unless there are goods produced and men able to produce them. Money is the material shape of the principle that men who wish to deal with one another must deal by trade and give … Continue reading Wealth and Whips

Value and Value Creation

In ethics 'value' denotes the degree of importance of some thing or action, with the aim of determining what actions are best to do or what way is best to live (normative ethics), or to describe the significance of different actions. It may be described as treating actions themselves as abstract objects, putting value to … Continue reading Value and Value Creation

​Ikigai (生き甲斐)

Ikigai (生き甲斐) is a Japanese concept that means "a reason for being." It is similar to the French phrase Raison d'être. Everyone, according to Japanese culture, has an ikigai. Finding it requires a deep and often lengthy search of self. Such a search is important to the cultural belief that discovering one's ikigai brings satisfaction … Continue reading ​Ikigai (生き甲斐)

The Perils of Collectivism

Excerpt: "   Well, there was something that happened at that plant where I worked for twenty years. It was when the old man died and his heirs took over. There were three of them, two sons and a daughter, and they brought a new plan to run the factory. They let us vote on … Continue reading The Perils of Collectivism

Speed Limits and Road Accidents

In 1896, Bridget Driscoll was attending a summer fete in Crystal Palace, London, when a car travelling at a tremendous pace – somewhere under its top speed of eight miles per hour – struck and killed her. She became Britain’s first automobile fatality. There wasn’t a big reaction. The British Parliament had just passed an … Continue reading Speed Limits and Road Accidents

Reservation in India

Replace India's Caste-based Reservation System with Monetary Stipends The framers of the Constitution believed that, due to the caste system, SCs and the STs were historically oppressed and denied respect and equal opportunity in Indian society and were thus under-represented in nation-building activities. However a large section of extremely poor people are still not getting … Continue reading Reservation in India