Tuesday, August 16, 2011
Tuesday, August 2, 2011
I don’t know who compiled this list and how much of it is actually true. But for my blog, it may be reasonable to assume 50% accuracy and probability level. The figures at the end of the list are `910,603,234,300,000 which roughly totals to US$20 trillion. That’s right 20 trillion US dollars. Just for simplicity purposes, I will explain the math here. Let us assume that 1 US dollar = ` 45 (Its ` 43.85 as of today). 1 million US dollars would be equal to ` 4.5 crores. Now, $1 billion (bn) = $1000 million. That sums up to, $1 bn = ` 4500 crore. Again, $1 trillion (tn) = $1000 billion. This again adds up to, $1 tn = ` 45 lakh crores. So, $20 tn comes out to be ` 900 lakh crores. With 50% probable level, this is 450 Lakh crores. Current Population of India, a little over 120 crores. That translates to ` 40,000 per citizen. Think of it as two months earnings of millions of Indians after hard work and uncertain future. And we are talking about scams known or reported. There are, I am sure, many more which never came out in public.
Had these dollars been used for the development of the country, just think how much employment would have been generated and to what extent poverty could have been curbed. The end result would have been probably a developed nation in India and many more people not being forced to resort to the life of crime or terrorism to earn a living.
How black money abets violence? Firstly, black money is generated through a route which is criminal by law and hence, thus violence is an embedded feature of it. The one who is generating black money is by nature a criminal and hence can transit easily to higher levels of crime, which he/she or those benefitting would probably do.
Ill gotten money has another route for violence creation. What does one do with the black money? All of this cannot be spent on Palaces, Luxury Yachts, Cars, and Jewelry etc. The money finds its way to the dirty routes of arms smuggling, drugs manufacturing and funding of terrorism.
Corruption creates islands of wealth and thus the gap in the social structures. This in itself is the cause of serious discontentment leading to violence in the society.
In spite of all this Jihad talk, I believe that main reason which drives a person to violence (read terrorism) is poverty. It is always easy to lure a person to do the dirty work who cannot provide a decent one time meal for himself/herself or their family. I had once read in newspaper that in Mumbai, all you have to do is shell out `5000 if you want somebody murdered. It is that EASY! Similarly, if you promise someone that you will take care of their family for the rest of their lives if you drive a plane into a building he/she is tempted even if means sacrificing their own miserable lives. Also, combine this monetary incentive with martyrdom and you have a terrorist in your hands.
The politicians, bureaucrats and the greedy that are part of this corruption are all directly responsible for the upheaval caused by terrorism in the world. Even the tax havens, who stash away all this black money safely in their banks, are equally to blame for this. Their own economy runs on our money which is hidden in their country by the corrupt because of the laws which safeguards it and protects them at the same time. In fact such places are as much part of terrorism as internationally declared Terrorists States. The moment these countries stopped providing protection to black money, the world scenario will change in no time. Most of illegal transactions including arms sale and smuggling will stop breaking terrorists backbone.
IT IS TIME THAT THESE COUNTRIES SHOULD REALIZE THEIR CONTRIBUTION TO THE CRIME IN THE WORLD AND SHAKES OFF THEIR OWN INTERNAL AND OUTWARD SHOW OF BEING GOOD AND RESPONSIBLE NATIONS.
However, at the end, I would like to say is no matter how imperfect and flawed the world we live in is, it is not a bad place. There is still lots of good and hope in this world. To end the blog, here’s a commercial from Coca Cola titled “Reason to Believe” which symbolizes hope and optimism.