DJNAMA

Weak economic activities are vicious and contagious, long exposure of it to the subject drains the overall immunity (savings in terms of economics) of the subject (that we call “capita” in Latin and “person” in English). A lot of speculation and predictions are being made since subprime fall and repercussive things happened thereafter. A very unique word that has been used by economist to describe the situation is 'Japanization', although I don’t find it appropriate to tag the name of a nation or entire culture for such a negative connotation, however, this what the academics are using so far. Takatoshi Ito defined the term “Japanization”   as a combination of the following economic conditions: (1) the actual growth rate is lower than the potential growth rate for an extended period; (2) the natural real interest rate is below zero and also below the actual real interest rate; (3) the nominal (policy) interest rate is zero; (4) deflation, i.e., negative inflation rate. ...

I strongly discredit the very term "left-liberal".  Not solely because of ideological difference in terms of the antithesis of left & right dichotomy or binary being presented all the time everywhere, but my point of dissent lies in word liberal. They are no liberal, in fact, they are very conservative beyond their own perceptions of wisdom.  Liberals espoused a wide array of views, they are close to the left when they talk about the annihilation of heredity privileges, the divine right of kingship, but eventually, they are essentially right and generally support the free market, free trade, limited government, capitalism and internationalism. They are reformist while advocating individual rights, secularism, racial and gender equalities.  If we go with John Locke, one of my favourite philosopher, who is often credited with founding liberalism as a distinct tradition, based on the social contract theory, arguing that each man has a natural right to life, liberty and p...

In grappling with the persistent problem of high unemployment among eligible young populations, numerous studies and human resource models have been conducted and presented. Western Europe and North America, in particular, have been vocal on this issue. This article attempts to explore the Indian context—specifically within the public sector. Considering the nature and goals of civil service cadres in the Indian Union and its states, these jobs are both aspirational and socially representative. However, the passionate young officers often lose their enthusiasm over time due to invasive bureaucratic ritualism. The long and rigorous selection process results in an average entry age of around 27. After 10 to 15 years of service, many officers find themselves in their late 30s or early 40s, having developed an apathetic and innovation-resistant mindset. This can be seen as collateral damage—an outcome of the nature of their service and the rigid, pyramidal structure of their organizatio...

These days after conducting a brief understanding of this and that perspectives I stopped writing against capitalism. I mean this would have been a sign of intellect back in the '40s and 50's but adaptation of neoliberalism after WW2 and wealth generated out of that in hands of government proved to be more effective than Keynesianism or communism in providing social security to large. Occasionally, here and there especially in times of recessions and depressions, a Keynesian will advocate government interventions, since I grew through the global financial crisis 2008, I find no objection. So things were rosy and they are, of course, tinted a bit. What the economic world has missed is to handle the "labour fluid", yes I call them fluid because of their adaptability and at the same time inability to maintain their shape once the external stimulus is released. Wars, unstable geopolitics, increased population and automation made a gigantic issue of "refugee camps ...