Tuesday, May 01, 2007

Workers of the world, awaken!
Break your chains. demand your rights.
AII the wealth you make is taken
By exploiting parasites.
Shall you kneel in deep submission
From your cradles to your graves?
ls the height of your ambition
To be good and willing slaves?

read the poem here
Joe Hill


Among other mentionables
Whadda Ya Want To Break Your Back for the Boss For?


You can find here
The IWW Songbook
rest of the songs that are tough to find offline
 
posted by The Friendly Ghost at 11:55 AM | 0 comments
I am not a student of Economics, though studied Micro and Macro aspects of it as a compulsory part during undergraduation where dreary professors succeeded in chasing way whoever displayed even a remote interest in the subject. But, that gentle reader, may I assure you has not diminished your's truly's fascination for the subject.

Prime Minister Manmohan Singh inaugurating the new campus of the Institute for Studies in Industrial Development (ISID) today referred to a report in media that

Most of the billionaires among India's top business leaders operate in "oligopolistic" market and in sectors where the government had conferred special privileges on a few, Singh said "this sounds like crony (monopolistic) capitalism".

"Are we encouraging crony capitalism? Is this a necessary but transient phase in the development of modern capitalism? Are we doing enough to protect consumers and small businesses from the consequences of crony capitalism," Singh asked.

The Hindu
Find the story here

Puzzled colleagues at work tossed the word back and forth faced with the task of translating into hindi the speech by the Prime Minister delivered in English. What is crony? What is crony capitalism?


"Are yaar ye PM bhi pata nahi kya kya bol dete he"

As they debated I googled a quick search and this is what came up
Wikipedia


You could find a detailed explanation by Greg Mankiw at
Crony Capitalism
 
posted by The Friendly Ghost at 10:40 AM | 1 comments
J. K. Lombard


Not, my soul, what thou hast done,
But what thou now art doing;
Not the course which thou hast run.
But that which thou'rt pursuing;
Not the prize already won,
But that which thou art wooing;

Thy progression, not thy rest;
Striving, not attaining, —
Is the measure and the test
Of thy hope remaining.
Not in gain art thou so blest
As in conscious gaining.

If thou to the Past wilt go,
Of Experience learning,
Faults and follies it can show,
Wisdom dearly earning;
But the path once trodden, know,
Hath no more returning.

Let not thy good hope depart,
Sit not down bewailing;
Rouse thy strength anew, brave heart !
'Neath despair's assailing;
This will give thee fairer start, —
Knowledge of thy failing.

Yet shall every rampart wrong
In the dust be lying;
Soon thy foes, though proud and strong,
In defeat be flying;
Then shall a triumphant song
Take the place of sighing.

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posted by The Friendly Ghost at 12:13 AM | 0 comments