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Showing posts with the label farm protests

Decision Making as Output and Bounded Rationality

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  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
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Internal Protests and Global Provocations

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  While the farm protests continue to linger on, there seems to be some new turn every now and then. These turns at times do add some drama and perhaps some comic relief to the observers. One such element that seems to have stirred some debate in the last twenty four hours so has been a few tweets in support of the protests by some celebrities. This might not seem surprising but then those celebrities or so-called celebrities have nothing to do with India. Late evening yesterday, singer Rihanna tweeted in favour of the farm protests followed later by porn actress, Mia Khalifa. If this was not enough, in between them, the child environmental activist Greta decided to add her voice. Meena Harris, whose claim to fame lies in she being the niece of US Vice President also decided to add her voice. These voices were sufficient to be a catalyst to the voices of the Indian opposition and the farm protest supporters. They see this as an internationalisation that would eventually hurt Modi and b
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Notes on Punjab Politics

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  The events at the Red Fort and other parts of Delhi in the guise of farmer protests have brought the spotlight back on to the politics as it exists in Punjab. There is no doubt, a rising clamour for the arrest and crackdown of the farmer’s movements or at least the movement that is going on in the name of farm laws. The protest leaders might be busy disowning the actions at the Red Fort but cannot absolve themselves of the responsibility of their actions which led to this fracas. The protestors might have the backing of the media and the opposition parties, each wanting to hit back at the Modi government for their own reasons, but their agenda seems to be suffering a setback. However, the setback might not be visible in Punjab as it would be perhaps in Haryana or Rajasthan or Uttar Pradesh. There is very distinct Sikh identity to the current protests and thus the events would reinforce the perception that Sikh and Khalistani agenda in specific was the real agenda of the protest group
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Political Communication and the Tenali Rama Problem

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  The farm bill protests seem to take Delhi by siege. Yet the predominant proportion of farmers protesting are from a single state Punjab. The very nature of the protest does point towards enough indicators of a political protest being disguised as a farmer’s protest. The left liberal ecosystem in India that has long thrived on the patronage of the Congress and its lackeys is desperately creating a Ram Lila 2011 redux. More than the Ram Lila fast by Anna Hazare per se, it was the Congress response to it that effectively sunk the Congress. The Congress and its ecosystem is recover from the same and want to do a Ram Lila 2.0 on Modi. Yet their efforts so far have not fructified. The electoral victories have once again proved that Modi continues to be trusted and popular. The Congress is in serious danger of turning irrelevant. It is in this context one has to look the Punjab farmers protests which has shifted its action to Delhi.   The right wing on the social media and Twitter in pa
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