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

Red Fort- A Trailer for the Future of Protests?

 

The government had warned of Khalistani infiltration in the farm protests and possibility of violence on January 26. The Supreme Court had chosen to believe the lawyers like Prashant Bhushan or Dushyant Dave representing the farm protest groups. It was an uphill task on the Republic Day to maintain security given the resources that are essential for providing security on the Rajpath. The outcomes are very evident with what happened in the Red Fort. It is no doubt a huge psychological defeat given the symbolism associated with the structure. Yet such moments have come in the life of a nation across the globe. India too has faced moments similar in the past but have conquered and reclaimed back. This too would be reclaimed. The might of the state will exert itself in the days to come. The movement as it exists might die soon. The narrative would see a distinct shift to the anti-national nature of the movement. It would perhaps be difficult to defend even though the might of the media is behind the protest groups. Their statements of disowning the act are too feeble to accept. There is no doubt, lot of outrage would happen in the right as well. There would be clamour for the heads to roll down. The right wing is in perpetual state of rebellion and abuse and this would act as a catalyst. Yet, aside of the rightwing reactions as also the left wing reactions, there are far more deeper messages that one would gather in this fracas.

 

In the lead up to the fracas, it was apparent both the right and left wanted a Jallianawalla Bagh. The right to demonstrate their might, the left to claim victimhood. The state has played the role of maximum restraint. It had offered face savers perhaps in some ways knowing that it would be rejected. Even in the extreme provocations at the Red Fort, the Delhi Police and the Centre by extension have restrained themselves. Those who were calling the government fascist must think around whether this was possible in the fascist regime. Of course, it is not that they will change their minds. There is too much of intoxication that pervades all round, something evident in the statements on and off social media by many celebrities including the section of veterans. They will try to wriggle out but they would be discredited. Yet given the eggs put in the basket they might continue with their stance with little option of getting out. At some point, it might be that the Congress or the AAP have created Frankenstein’s monster but their immediate goal would be to get rid of Modi or at least create a state of dysfunctionality that engulfed the Congress post 2011 Anna Hazare fast at the RamLila.

 

However, deeper would be the message of the tendency of sections of left liberal and Islamic groups to secede or at least created conditions for secession. There is no doubt an alliance between the Reds and the Greens and what they have done is to co-opt the Khalistani elements. They have tried to put Modi in a box where he would find it difficult to tackle the Khalistani as easily he would the Greens and the Reds. There would be certain humiliation beyond doubt but the long term outlook would depend on the credibility. The credibility would be subject to the reprisals expected on those who has desecrated the symbols that manifest the Indian honour and existence. Yet, it is exactly what they would be looking for. The left liberals are not in a position where they can enjoy the privileges hitherto available in the Congress regime. To the left, they had an unquestioned monopoly on the cultural and the intellectual sphere, the trade-off being ceding political space to the Congress. The Muslim groups had exercised considerable veto yet over the last seven years, they have seen the veto disappearing. Moreover, the attacks on Islamic personal laws have made them restless anxious for revenge. The CAA protests might have failed but not before the bloodshed in Delhi. Therefore, the farmer protests was a nice coattail to ride on in pursuit of their revenge. To these groups, they are in constant need for a causus belle for the civil war. Yet the government wants to avoid the same and thrust the blame on them. Therefore there is a cat and mouse game that is going on at this moment. In terms of states leading this battle, Kerala seems to be preparing the ground for a possible movement towards secession, something that would want to be appeared as an exercise of democratic dissent.

 

There are lot of baits being thrown around the Modi government to provoke into shooting at the protestors or coming down very hard on the dissent. Modi government so far has remained unprovoked and carrying on with its business. This will further madden the same crowd. While the right wing will continue to exercise its favourite pastime, the left liberal groups will seek to provoke further. The Kurukshetra has been decided. The timing is yet to be decided. The manner in which it might come will have to be decided. There are numerous causes to any war. yet aside of all the causes, there exists an immediate cause, a cause that is enough to light the embers whose fire will engulf the society. This is what the left liberals are seeking in every pursuit of theirs. Their coalition with the greens or the Sikhs are an endeavour towards the same. In all likelihood, the left will be sidelined, so would be the Khalsa hardliners as the Islamic groups take over the movement. It would be their leadership that would determine the trajectory. The rest would be a smokescreen.

 

Any system that gets disrupted and experiencing a reconstruction, will face the turbulences by the resistance of the existing system. The existing system will never give up on a platter. Elections are a means to political power and system building but not an end. Yet in absence of power, system building is not possible, to say the least. What one is observing is the rearguard action of the decadent system. It would be bold to say, though unpopular or perhaps paranoid, that Red Fort is only a trailer or might be version 2.0 of what began in Shaheen Bagh. The coming scenes would be step forward in the expansion of intensity of the fight. It is not for the faint-hearted. There would be casualties and many a one at that. Victory in a war, conquest of an ecosystem that has flourished for around 1000 years is not something that can be demolished. The war seems inevitable, as the civilization prepares to rediscover its ethos lost in the last millennia to conquest external and internal. The Red Fort brings one step closer to this final battle. At this moment, it seems unlikely that Indian state or civilization will be able to avoid one. Times, unfortunately seem tumultuous.

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