THE GREAT SURRENDER-3
The lure of fast bucks is the basic driving force behind the economic surrender. In the process, a lot of values get demolished, systems get subverted, rules get tweaked, risks are presented in attractive packaging, loans are glorified, and savings are disincentivised. Risky trading, hefty profits, little caution make a recipe for disaster. In contrast, Indian wisdom advocated a blend of savings and thoughtful spending so that everyone including the State exchequer had enough in store for rainy days...