“(W)hereas
religion asks us to believe in something, money asks us to believe that other people believe in something.”
Yuval Noah Harari says that in his book Sapiens,
which I have been quoting extensively of late.
The emphasis belongs to the original.
Religion asks
us to believe in a god or many gods. It
may ask us to believe in a lot more things such as heaven and hell, or that a
bath in a particular river will wash away all our sins, or that you can’t be
part of the community unless you part with your foreskin, and so on. Money demands a much simpler faith from us: that other
people have faith in its value.
Without that
faith, money is as useless as the waste paper in your dustbin. Remember what Prime Minister Modi said to the
nation on Nov 8? “From midnight today,
all the five hundred and one thousand rupee notes with you will be worthless paper.” Worthless paper, that’s what one speech from
one particular individual made out of some twenty lakh crore rupees in India. 86% of the currency in a country which is as
large as a continent became worthless paper overnight.
One of the
many implications is that the currency notes we handle have no intrinsic value
at all. Their worth lies in the faith we
have in them.
PM Modi is
apparently fighting black money (and terrorism as well) though the fight seems
to be futile since all the “worthless” currency is finding its way back to
banks. Moreover, the new currency notes
make it much easier for black money to flourish. On the one hand, it takes much less space to
stash away these new notes while, on the other hand, they are easier to print
and hence to fake. Of course, in all
probability these are temporary notes to be declared invalid in another Prime
Ministerial midnight tryst with destiny.
One simple
truth is that the world can’t go on without money. Another simple truth is that money is a more
universal deity than the gods of all religions put together.
Imagine this child getting paid in digital currency in cashless India Source |
It is that
universal deity, without which nobody can survive in today’s world, that the
Prime Minister knocked out of people’s hands.
Ordinary people, that is. The
people living in the rural areas, in the remote mountains, in the dark alleys.
The people who don’t have any access to digital technology and its
wonders.
There’s no
sign of this problem being solved in the near future since the government won’t
be able to make sufficient currency notes available. Even the limited bundles of notes being
printed end up in bulk at the doorsteps of corrupt traders and politicians. Even the Prime Minister’s own partymen are
getting caught with the new note bundles.
Eradication of
corruption is a utopian dream. It’s
impossible that a shrewd politician like Narendra Modi didn’t know that. The truth may be that he wanted to punish a
few people who belonged to opposition parties and were keeping crores of rupees
of black money in the secret niches of their homes. That’s fine.
It’s good politics too. Hitting
the enemy where it hurts the most is a Chankya tantra and Mr Modi is an expert
at it. What more can you steal from your
enemy than his universal deity, the only universal deity?
What matters
more, however, is that it is the ordinary people from the remote villages who
really suffer because of the demonetisation.
The farmers, the daily wage workers, the petty traders, and many similar
others are left high and dry being denied access to the only god that really
matters in the survival game: money.
"Money, Money, Money, Brighter than Sunshine, Sweeter than Honey!"
ReplyDeleteIndeed! Osama bin Laden loved dollar bills though he hated America. Medieval Christian countries accepted Islamic coins though they were fighting crusades with Islamic countries!
DeleteThis move is a red herring..The real enemy lies somewhere else..
DeleteThe funding of all political parties must come within RTI
The initiation of GAAR rules immedietly
strengthening the DTAA with mauritius which is the source of round tripping
The rules on Participatory Notes should be made more stringent
Implementing the suggestions of Special Investigation Team appointed by the supreme court.
Linking Aadhar and pan with all land trasactions.
Creating a information exchange agreement with foreign countries about the whereabouts of indians having illegal accounts abroad.
Pursuing all the corruption cases right now being fought in the courts and in investigation stage doggedly by credible investigation agencies and bringing them all to its logical ends....
Bring back Vijay Mallya...The symbolism of this move would be great !!
But whats being done affects the downtrodden innocent ones more than the ones holding the black money !!
They never factored in the PSYCHOLOGICAL AFTER EFFECTS of this move....Big blunder...
It has hit the small traders who had elected BJP to power !!
tHE BUZZ AROUND IS THAT Narendra Modi WILL SOON BE the MOHAMMAD BIN TUGHLAQ OF OUR TIMES......IRONY......IS THAT AN RSS MAN WILL BE EQUATED WITH A MUSLIM RULER !!!!