Decision Making as Output and Bounded Rationality

  The classical economics theories proceed on the assumption of rational agents. Rationality implies the economic agents undertake actions or exercise choices based on the cost-benefit analysis they undertake. The assumption further posits that there exists no information asymmetry and thus the agent is aware of all the costs and benefits associated with the choice he or she has exercised. The behavioral school contested the decision stating the decisions in practice are often irrational. Implied there is a continuous departure from rationality. Rationality in the views of the behavioral school is more an exception to the norm rather a rule. The past posts have discussed the limitations of this view by the behavioral school. Economics has often posited rationality in the context in which the choices are exercised rather than theoretical abstract view of rational action. Rational action in theory seems to be grounded in zero restraint situation yet in practice, there are numerous restra

Deciphering Left Liberal Global Hegemony

 

The recent events especially post the election of 2019 are beginning to sound as nail in the coffin of the left liberal ecosystem. The system that dominated for close to seven decades since Independence is slowly getting dismantled. The abolition of Article 370 followed by the Supreme Court judgment on Ayodhya which was subsequently followed by PM Modi laying the foundation stone of the Ram Temple have each in many ways signal a break from the Deracinate India project orchestrated by the left over these years.

 

The left project originates in its own version of White Man’s Burden. It was in 1852 or so when Karl Marx put forth his views on the British rule in India. He believed that Indians were in a primitive world and who worshipped a ‘monkey god’ a derogatory reference to Lord Hanuman. Marx argued that the British had a historical duty of civilizing the Indians and bringing them into the zone of scientific thinking. Marxian scientific thinking rested on a paradigm of what Marx believed to be a shift from a religious based order. Despite his advocacy against religion in public, his postures against nationalism, his call to workers across the world against capitalists, hardly anything worked in practice. Vietnam built upon its nationalistic pride to defeat the US which in its ideological pursuit had hardly anything going that would build a public momentum in its favour. Bay of Pigs was crushed not because of the ‘workers across the world unite’ but whipping up the Cuban pride. Soviet invocation of extreme national pride helped Stalin save Stalingrad and turned the tide of World War II. There have been isolated instances of global guerrillas operating in countries in Africa or Spain in pursuit of communist revolution, but they can be best described as paid mercenaries in most context. There might be an idealistic one or two as captured in Hemmingway’s For Whom the Bell Tolls but there are exceptions. Che Guevera himself was a power mongering opportunist who sought to find himself glory which he could perhaps never find himself. Ironically, it was the very forces of capitalism which he detested and fought in his life that created an industry around him making him a hero or an anti-hero as the case might seem to be.

 

The left liberal ecosystem at heart is about protecting Western supremacy and monopoly. The ideas might sound appealing to the countries that became what came to be known as the Third World. it was widely perceived that the communism was essentially reaction to colonialism. There was some merit in the argument. Colonialism followed the fruits of capitalism. It was insatiable appetite of capitalism that drew colonial expansion across the world. Therefore, as communism was a reaction to capitalism, it was essentially deemed as something anti-colonialism. It is a different matter that communism did not abandon colonialism but perpetuated its own brand of colonialism. Yet, the Russian Revolution of 1917 was perceived as a unique experiment with people all over watching with great interest. The fact that there could be a country without a king or a queen itself was something novel to many outside Europe or US. It was seen as the answer of the proletariat to the evils of colonialism.

 

Yet a feeling persists somewhere that the left liberal school of thought in the Western world modelling an antithesis of conservative thinking was more a smokescreen to lure the newly independent countries into not growing militarily. They came up with an idea of United Nations which was supposed to adjudicate any disputes between countries. Countries can seek to resolve disputes peacefully at least on paper. India was led into believing this on Kashmir, yet the only outcome was the Western countries played one on each other, the result being Kashmir issues persists even today. They perhaps glorified and exaggerated Gandhian movement so that India can be morally tripped into following a path of so-called non-violence. Indian leadership post independence was perhaps more than keen to project and consolidate the Gandhian image it had built for itself and it served the Western interests pretty well. By keeping India militarily weak, they could ensure it might remain independent on paper but never emerge a threat to the Western powers. In fact they built a constituency in India that prided itself on the so-called Ganga Jamuna Tehzeeb or in another words, kind of keeping Indians bogged down in the name of so called glorious Muslim contribution to Indian culture.

 

In South Africa for instance, they ensured that South Africa abandoned nuclear option. The reason was ostensibly to promote the so called peace by South Africa as it embarked on a new journey. Yet the real reason, was perhaps ensure South Africa would never think about exercising nuclear option and thus not a threat to the western world. African countries were encouraged to hand over their war criminals to the International Crimes Court and Tribunals. Yet these tribunals never even bothered to attempt bringing any Western leader to trial barring an odd Serb or two during the height of the Yugoslav campaign. Japan in the name of preventing another bout of imperialism was thrust a constitution that tied Japan both its hands behind the back. Shinzo Abe despite his personal popularity and majority could not change the Japanese constitution demonstrating the stranglehold of the left liberals on the societal construct across the world.

 

Therefore as evidence demonstrates, it is not about a genuine belief that they believe in certain principles. Communism far from promoting peace or being an ideology of piece competes with the other religion of peace in putting to death anyone it deems its opponents. Sacrilege is punishable by death and this is precisely why not many would venture to defect. One instance could be the way liberal system hounded out MJ Akbar using his past indulgences since he broke the Omerta code and joined the BJP. This is something true across many parts of the world. They thrive on propagating so called political correctness. Yet their over-zealous mission to perpetuate their power and cause seem to be running into diminishing returns. The world would heave a sigh of relief when the liberal ideology faces a natural or artificial death.

 

 

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