India Needs a True Diverse Economic Elite: The Call for Platonian Politics and Uniform Welfare Economics
India, a country rich in history and diverse economy, currently lacks a truly diversified economic elite. The existing economists are predominantly finance experts or historical figures, without the depth and breadth to address the pressing economic challenges facing the nation. Ecological economists, agricultural economists, industrial economists, and theoretical economists are sorely needed. Their role would be to provide a probabilistic framework for wealth building based on sustainable economic systems.
Platonian Politics and Genuine Economists
To achieve a robust and sustainable economy, Platonian politics are essential, as Machiavellian tactics only serve to undermine the foundations of sound economic practices. An economist who does not align with the political group that leads the nation is often ostracized. When media plays the role of making or breaking an economist, especially if it is manipulated by a subversive political system, the plight of economic experts, especially those with families to support, becomes extremely challenging.
Countless economists have come and gone under these pressures, and the result is seen in a nation that has never experienced a scientific economy. The welfare benefits of technology and advancements have been stifled by a political system that operates hand in glove with the judiciary and the journalistic community, creating a tangled web of misinformation and euphoria. This fosters a state of denial about the true state of the nation, pushing inconvenient truths into the shadows.
Dysfunctional Institutions: Judicial and Media
The functioning of the judiciary and media in India is critical to economic stability. These institutions, when dysfunctional, can lead to severe economic repercussions. The federal data from FREDIE, IMF, and World Bank can provide a stark narrative of the state of these institutions in India. It is clear that the nation has not experienced a scientifically sound economic framework due to the way these institutions have been manipulated and used to serve political agendas rather than the needs of the populace.
The diversity that exists in Indian society, while enriching in cultural terms, creates uniformity challenges in the workplace. The idea that weekends are for diversity and weekdays are for uniform culture is unsustainable and leads to frustration and anger. A consistent culture of welfare economics, aimed at improving the livelihoods of citizens, is necessary, but this can only be achieved through perceptive political leadership. Politics must work independently of the judiciary to create a stable and functional economic environment that serves the best interests of the people, not just a select few.
Conclusion: The Need for Uniformity and Perceptiveness
To truly achieve a functional and sustainable economy, India must move beyond the current fragmented landscape. Perceptive political leadership, combined with a genuine and diverse economic elite, is essential. An economist who can provide probabilistic models for wealth building based on sustainable systems is essential for the nation's future. Platonian politics, characterized by rationality and uniformity, must prevail over Machiavellian tactics. By creating a uniform culture of welfare economics, India can finally experience the benefits of technology and sustainable economic growth, rather than the current state of discord.
For the sake of the Indian populace, it is imperative that the nation's institutions are reformed, and a true diverse economic elite is recognized and nurtured. The path to a functional economy lies in the hands of those who can lead with rationality, not political maneuvering. This is not just an economic imperative, but a social and cultural necessity for the betterment of all Indian citizens.