Sunday, December 19, 2010

BRIC cleaves in the middle

The Economist dated Dec 11 says the following:

" "Corruption no longer meant breaking the rules of the game; it was the game.-----------

“The problem is not that this regime is authoritarian, the problem is that it is unfair, corrupt and ineffective,” says one leading businessman. “Corruption will erode and bring down this system.” The paradox is that few  government officials disagree with this. -----------

But even if the Prime Minister would like to retire, can he afford to?" "

The magazine was referring to Russia. The reference can as well be to India. Among the BRIC countres, Russia and India seem to be racing towards unheard levels of corruption, incompetence and malgovernance.

A.L.Basham's book on Indian history was aptly titled "The Wonder that was India". Any contemporary analysis would be called "The Tragedy that is India". Our posterity will not forgive us for misusing our inheritance and ruining the nation.

No comments: