Kleptocracy

Yes, please look up the meaning of the term first. Kleptocracy.
Generally, I write about China on my other blog but I thought I should write here for a change. First, is this post by a very interesting man who lives in Australia and operates a very small short-focused hedge fund. The post talks about how the country is a little bit difficult to decipher. The one-child policy and the country's economic regime has created very unique behavioral patterns which ought to culminate towards a revolution.
Second, is this video which is a 40 minute interview of a guy who speaks of China becoming a mafia state. All plausible. 

Human Nature

The above title may be considered an oxymoron. The picture below is partially the reason why.


The low-hanging fruit were plucked by humans before the middle of the 20th century. Most of our recent advances have been innovation-related - nothing wrong with that. It seems to me that until the age of 21 or so, when people start working for money, humans are rather natural; they are animalistic and constantly developing. And suddenly, as soon as they are thrown into the 'corporate world', something in them dies. I spoke with RS recently about how work done as an employee is usually mechanical, whereas work done when self-employed or when leading a team is raw, fruitful and exciting. Another friend works for a consultancy, one of the best, and says that all he really does is get things sorted and pretty looking - the answer to a client's problem is quite straight-forward but this dogma of mechanical or process-oriented work is slowly chipping away at human ingenuity. I had written about this in an earlier post but I felt the need to elaborate here. The prevalence of 'financial firms' is disturbing because their contribution is minimal relative to their potential of ruining the way modern societies function. Why are more engineers moving into finance and consultancy? And why are scientific brains rotting away in non-research oriented fields? Where have the artists disappeared?

Menial, Useful

Fascinating things are happening. Occupy Wall Street for example. How is it that certain people are paid millions of dollars for work - work which is not really that amazing or productive? If Apple creates a revolutionary product and charges people good money, where they have the discretion of buying it, I believe it is more than acceptable. If an organisation jeopardises the financial system through leverage while paying its employees insane amounts of money for long and rather un-intelligent work, that is odd.

I am writing about this because I met a friend yesterday who quit her seemingly cushy job at GS India. She is probably quite intelligent but the work she did, as is in most investment banks, was quite mind-numbing - literally. I have worked at a small investment bank and even though I don't know what really goes on at the larger I-Banks, I do know that they employ an army of people who can work crazy hours at typically 'programmed' jobs. These 'Analysts' (please dont get me started on the first year, second year and third year analysts) and 'Associates' largely mine data and prepare documents. These documents may be for internal review, marketing or presentation purposes. They are paid wild amounts of money for the implied dedicated hours of work they will perform.
An example of disparity: A person working as a copywriter in an advertising agency may be paid INR 50K to 100K per month (I am being very optimistic here). A copywriter is a creative person and quite often he/ she will come up with interesting ideas/ concepts for advertisements or presentation. Real work that be.
An analyst at an investment bank usually prepares pitch books or public information booklets or financial models. According to me, this work is compilation of data in a more presentable format. And these guys are paid upwards of INR 150K per month.
Ridiculous this disparity be.

The reason I write about this is that I see many friends working at sad places and or sad profiles and or for sad money, but thus be life. With this, I go back to Europe. Appreciation for fashion, art, creation, life, outdoors, society and a lesser emphasis on materialistic pursuits. (Lesser not no).
The nature of work has changed drastically. Work used to be more immediate (Bake cookies, sell cookies) or (make steel, sell steel). The supply chain was shorter and life's conveniences were not many. I see that in India, the sheer abundance of people makes many employed people rather useless at their jobs. Tasks can be unbelievably menial.
And this goes out to those who know me. Let's do something really worthwhile with our lives. We should, for what else could life be worth?

The travails of society

My blogging has reduced primarily because of work and secondarily because my eyes have been giving me grief. To clear the air; my eyes are tired, dry and in pain especially by the time I come back from work; this makes me avoid the computer once I come home.
My third eye-specialist is trustworthy and has given me tear-inducing drops which will  start being effective 2.5 months from now. However, all of this is of little relevance to any reader.

The other day I was reading a post by 'Neo Indian'. It's quite a hilarious site with very meaningful statements talking about the India that is, was and should be. He asked people to stop posting 'supportive' comments on social networks and start doing something meaningful like supporting soldiers or actually being a part of the rally.. For me, that was one of many such littered posts on the net.
A dilemma facing some of us new Indians is our affection for our country.
I have clarified before that more than India I belong with the Indian culture - not the villages and the bureaucracy but the language spoken by a Mumbai-ite, the food, the issues, the joys and the sentiments. I get annoyed when people say that we should work for our country or for our parents, not because that could possibly be ridiculous but because nobody ought to suggest why and how one should live with the 'suggestion' being the face to a guilt producing demand.
As a contrast, I read a letter by Theodore Deden which seems to be speaking about investing but is in fact speaking about a way of life; a way of life that we ought to be living but contrasts with how most people live today. What I drew from the letter was individualism and a greater consciousness of that which surrounds us, that which has come to pass and that which we ought to work towards.

I crave independence - could be because of the way my life has panned out or what I have heard or read or seen - and I ache to create a difference to my own life. This is in stark contrast to what I used to be.

I remember the time when I said, very sincerely, that I want to change the world.
I remember the time when, for love, I changed what I used to be in favour of supporting the relationship.
I also remember the time when I used to excel at academics and was rather proud of my achievements.
There was a time when I ached to get back to work and to give something back to society.
I now believe that only if I live for my personal success will I be in a position to be with someone or live for something or give something back to society. It's alright if I fail at following through after attaining my success, because I know that that will be an endeavour and not an end.
Personal success has little to do with wealth. It has a lot to do with the freedom to travel, read, listen to music and grow individually. "We are all here to learn" said my ex-professor and that I hold close to me.

Working for somebody when one has access to more potential is ridiculous. But in the short-term it could be justified. Only if I am to find my balls (figurative) will I start my progress. I am appalled at how little time I have to read, travel and experience the fruits of life. Studying and following a way of work will only create knowledge which is shared by many others. I would love to know more about people, cultures, histories and progresses - may be I will be a couple of steps ahead in seeing the progress of civilization. And this could be a great support system to the way I am.

I used to be content. Am not anymore. I know the field of work I am bound to enjoy, the workplace I would love to tap-dance to (credit goes to Mr. Buffett), the kind of books I would love to own and read, the kind of people I would love to eat or drink with, the kind of time I would love to have on my hands and the kind of health I would love to develop. Am I a few steps ahead or am I creating my own little cocoon?

Slavery and the Pursuit of Happiness

I bought the new iPod Nano today and it's quite brilliant. I tried my best to stay away from an Apple product but this one was simply fantastic, which brings me to my point for this post.
Human progress.

I had stepped out of my office for a bit and I saw cars on the road, and it just struck me... Billions of years of (supposed) evolution and humans have created a society wherein people fret every moment, travel, 'work', earn money, spend money - all towards a largely insignificant death. Yes, this is all dreary but I'm looking at the bigger picture where I see other creatures quietly going about their stupid lives actually building things, creating things for sustenance.
What I see is a futile exercise which we have accepted as a way for society to function... what we are right now, in terms of our daily functioning would have been inconceivable a thousand years ago and for the record, a thousand years is a very short time period in the grand scheme of things...

And once in a while we come across people like Jimmy Wales - the founder of Wikipedia; an open source information centre on almost anything. Of course, he might have his own ulterior motives but I see that as a real development.
Gerald Ford revolutionized the way we commute but not much has changed since then except for congestion, blatant consumption, a supposed easier lifestyle and most importantly - becoming a slave to the machine that we have created.

What prevents us from vacating the daily grind after we have made an adequate amount of money?
Isn't this equivalent to slavery or succumbing to societal norms and pressures?

A friend described me well when she said that a girl would hate to be in a relationship with me because one day she would wake up without me by her side; she would call me and ask for my whereabouts... I would say, O! I am travelling.. Buzz off...

Rumination

Europe has changed me for the better (or less worse). Today, I attended a lecture on 'superparticles' which could be a part of particle physics; may be for the first time I sat for a lecture without the compulsion to learn and remember and that made the lecture quite enjoyable...
I read about Sufjan Stevens, Casimir Pulaski, Nick Drake, Modigliani and I see the horror that this society has transformed into...
I still thank my friend for telling me about Into the Wild because it made me sincerely question materialism. Yes, yes ... I'm not a complete disaster yet (or would I be called a victor?).
We still have artists and brilliant scientists in our midst (not so much in our midst, but you get the vibe...) however, they don't seem to be as strong as earlier. They seem weak, succumbing to the lure of materialism which is understandable but deplorable for society as a whole.

Yes, a decade from now people might appreciate some artists whom we don't right now but I don't see a painter, a sculptor, a writer or a poet then... I see successful bands which will have made people happy not through their art but through their canvas.

I said that Europe has been beneficial because I saw a weird joy in people - as the french say "joie de vivre" which means "the joy of living". I see in India people who are old at 25 years of age where the only form of them being young is partying and boozing (extreme generalization).

Next week I'm going for a contemporary dance performance at the NCPA. Will I like it? I don't know but it's a brilliant mode of escapism.


I love the world of particle physics and quantum physics - particularly because it is so difficult to imagine some of the things postulated or proven.
2 galaxies colliding 4 billion light years away?
A very small amount of energy in daily life, such as 1TeV, which is difficult to 'create' or 'capture'...
Weakly Interacting Massive Particles which could hold the key to finding a 'theory of everything'. For the record, experiments are underway in a mine where supercooled Germanium crystals are used to capture the faintest of vibrations from particles such as WIMPs.

Take a step back my friend and you will see how inconsequential our lives are...
We live for 60-90 years.
We pursue money and affection.
We are heartbroken and we feel loved.
We sleep less, we sleep too much, we smile too little, we are serious and not as jovial as we ought to be...
You ask me why I loved Into the Wild?
Here's why:



"So many people live within unhappy circumstances and yet will not take the initiative to change their situation because they are conditioned to a life of security, conformity, and conservatism, all of which may appear to give one peace of mind, but in reality nothing is more dangerous to the adventurous spirit within a man than a secure future. The very basic core of a man's living spirit is his passion for adventure. The joy of life comes from our encounters with new experiences, and hence there is no greater joy than to have an endlessly changing horizon, for each day to have a new and different sun."
— Chris McCandless

"The core of mans' spirit comes from new experiences."
— Chris McCandless

Commonwealth Games

I can't believe I haven't written about this fiasco :)
Horrible planning, horrible supervision, poor accountability, disgraceful public relations management and sheer contempt for responsibility and maintaining 'national' pride.
A pedestrian bridge which linked the main stadium to the car park collapsed because of a faulty support while still under construction approx 13 days before the CWG start.
The main stadium suffered from water leaks; yesterday part of the false ceiling fell, the CWG village is in a poor condition.
Does this make me happy? Very.

The fact that responsibility lay in the hands of govt. officials, this was bound to happen. Corruption and bureaucracy - blah blah blah... you know the drill. There was a good opinion the other day in Live Mint and I second that opinion.
The CWG disaster should serve as a stimulus for the government to allocate more infrastructure projects to private parties - established entities with proven track records. Not something like J Kumar Infraprojects who have a crappy website and are doing an even crappier job at completing projects in Mumbai.
I am amazed at how fantastic and practical the L&T link from the international airport looks - it was even completed without much disruption to traffic.

May be the CWG are just what India need to begin serious work towards improving public infrastructure in India.

A smile hidden by a mustache

My day started off with a smile. As I neared my house the sweeper outside the building opened the gate for me even though it wasn't his job. When I stepped out I went to him and said, "Boss, thank you haan." I was greeted with an odd simple smile nestled under his thick mustache followed by a gesture with his broom.
A wise man once said, "People wear clothes."
This statement is quite hilarious as soon as we juxtapose man against other species. Clothes provide protection against the elements and also serve as ornaments, possibly to attract mates :| however society has restricted mating through the creation of 'marriage'.
Let's go back a couple of thousand years and we note that man used to be simple. Hunting, farming, eating, procreation, sleeping and miscellaneous chores. It is around this time that the capitalist system or the need to earn, multiply, preserve and spend wealth was created.
What we call technology, innovation and ease of life may be termed futile by another species - which brings me to an earlier post where I mentioned :
Prime Minister Lyonchhen Jigmi Y. Thinley once said, "We are losing our humanness to become robots programmed to be productive through endless labour so as to earn to consume more and more without satisfaction."

Where is the simplicity to life? Is it just a farce? Or are we just doomed to follow this ritual laid out by present-day humans believing this to be the only meaningful way of passing through life?

Bhutan

A country that has decided to protect itself from probable careless tourists, especially backpackers who may litter in uninhabited places.
Mountaineering is banned and Gangkhar Puensum - the highest peak in Bhutan - remains the highest unclimbed peak in the world.

Prime Minister Lyonchhen Jigmi Y. Thinley once said, "We are losing our humanness to become robots programmed to be productive through endless labour so as to earn to consume more and more without satisfaction."

Beautiful article written in The Mint - Lounge, July 24th 2010.

Disgust

When we hear of ill-equipped hospitals, cramped localities, discontinuous or non-existent energy supply, atrocities committed by people with unbridled power or apathy towards a better whole who do we choose to blame?

Is India just too large a populace to be cared for properly? Are the capitalist tycoons answerable towards uplifting sections of society around them? Are the bureaucracies of various systems to be blamed?
Today, I choose to blame the untouchables.

The untouchables of the past were determined by lineage.
The untouchables of today are determined by their lineage and their decisions. They decided to act in their own interests during their ascent to their respective positions.
The IAS officer, the police inspector in a faraway village, the customs officer, the tax inspector, members of political parties - particularly those related to religious propaganda, the 'babu'.

These people are rarely 'touchable' or accountable. Of course, generalizations are evil but generalizations are based on a clear majority based on hearsay and actual experiences.

The capitalist system is such that it makes a richer man richer and in turn, more powerful. I see that, as a man becomes richer he drags or rather pulls towards him, directly and indirectly, sections of society.
What the aforementioned people do is, most of the times, beyond the scope of the system and beyond the reach of the law. A lack of transparency and the continuous focus of people towards their own lives are the root causes of such 'distance' and power.

Because I am a product of the capitalist world, it pains me to see power concentrated in the hands of people who are unwilling to share it or distribute it.
If a business tycoon has amassed a fortune it is his call, whether or not to disburse his riches because he has legally (for the most part) created his personal wealth.
If an official (the list of people I mentioned earlier) has amassed wealth, it will largely be illegally, immorally and laden with guilt (I hope).

The larger effect of the 'babu' is his domineering demeanour and conversely, the inability of a subject to voice concern or opposition. I call it helplessness... which is why even I have to succumb at times to being a part of the system. It is also because of my illiteracy regarding my rights and my selfishness pertaining to my free time which I want to be as hassle-free as possible.
I disgust me and I am a part of the people - for now.

Find me the spark

Great personalities and great contributions are rarely realized. Random names: Mozart, Ludwig Van, Mohandas Gandhi, Adolf Hitler, Mother Teresa, Michael Jordan?, Elvis Presley, The Beatles!
I believe that striking personalities are difficult to find now and will be even more difficult to find in the future.
There is a lack of independent thought. There is a lack of art (in its various forms).

Do we even know of great artists, poets, composers, authors or leaders from the past 2 decades? Sure, one can say Mandela, Aung San Suu Kyi, Rushdie? - but eh...
What I see is that capitalism and prosperity have driven people into (largely) single files where everyone strives for individual 'success'. It's great that the end of the Cold War stimulated global prosperity. But has the pursuit of prosperity robbed humans of their inherent humanity?

The people who don't fall into files don't get the attention that they would have received some decades ago.
People have become part of the machine and it wouldn't be incorrect to say that things are nice, but I would say that there is an absence of human ingenuity today. Medical research, financial innovations, technological changes are largely driven by entrepreneurs - not as much due to curiosity and thrill, but more due to power and success.
The simplicity of yesteryears is lost.

On an individual level, I believe that some of the innocence can still be ploughed back, or rather, brought to life. Losing oneself and withdrawing from society is a fairly recent development and it can do some of us a lot of good methinks.

Too much time is spent on fear and obedience.

Victory

An excerpt from Ted Roosevelt's speech in Paris in 1910:

“It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly; who errs and comes short again and again; because there is not effort without error and shortcomings; but who does actually strive to do the deed; who knows the great enthusiasm, the great devotion, who spends himself in a worthy cause, who at the best knows in the end the triumph of high achievement and who at the worst, if he fails, at least he fails while daring greatly. So that his place shall never be with those cold and timid souls who know neither victory nor defeat.”

Dogma

Was having a discussion with a friend about how India fails to create focused movies without targeting the masses; of course, things are changing, especially off late, and some fine movies are coming out of Bollywood... I made an error by stating that America has a rather intelligent audience; to this, my friend knocked me down with a hail of words, stating some of the reasons why America creates some great movies once in a while. I accepted my error and then, as ALWAYS, my brain went into overdrive.
This country used to be, and still is, the envy of a large part of the world. A lot of incidences have occurred in the past which presented America with opportunities to become a great nation - a status which is now debatable.
With envy come brickbats and therefore, a lot of people around the world hate the excesses of the US, exaggerate the stupidity of its population, ridicule the narrow mindedness and this makes for interesting gossip.
But, I have been in America for a while now and I have this to say:
The will and the ability of the people of America (at least in the past) to reinvent itself and grasp at opportunities has helped grow this nation to what it is now.
America decided to develop its infrastructure to proportions that are hard to imagine outside this land; this infrastructure has, in turn, significantly improved the quality of life.

Americans only know one language! Of course there are people who speak only English but answer me this, why should they speak other languages when most of what they need is in the US and whomsoever wants to sell to the US decides to adjust themselves to English.
Of course there are people who don't know much about what is outside the US, but you will find such people everywhere in the world - people who don't know more than what exists within their community / state / country. Again, an American rarely needs to know what is outside the US (this too is changing).

Thing is, America is a very public nation. It is a watched nation. People love stupid people and the country which speaks the most known language in the world is the US. Imagine this, I am sure one can find a rather dumb person in Mumbai who can barely speak English; do you believe India has the consumer power to demand that person filmed? Either for Youtube or for a TV channel or for a comedy show? No. US does; consequently, pockets in the world do.

America is the land of great opportunities and rightly so. Largest reason - Judicial system and its enforceability. People feel relatively secure, businesses feel incentivized.
My belief is that America has managed to create such vast global organizations - it deserves that and its people deserve that.
Apple (The company ;) ) was a blip a few years ago; innovation, marketing and an active consumer market has made it what it is today.

_________
Addendum: Courtesy - My idiotic friend.
As said by Uncle Ben: "With great power comes great responsibility."
America wielded that power for many years, especially after the second world war; Western European countries still despise the conditions that allowed America to help rebuild, and thereby benefit from, these countries. An economic angle to all of this is the Gold standard and how it was pegged to the USD, which allowed the US to become the largest holder of gold reserves in the world (a title it still holds).
But, through this power, America came out victorious after the Cold War; it helped South Korean success and independence. I shudder to think of what may have transpired if the USSR had come out victorious. However, soon enough, the power got to America and thus, has been called for a long time - a bully.
The nonsense in the Middle East has been astonishing (over the last 3 decades). What I note is that, at first, America was the messiah; saving the world from communism and promoting capitalism. Of course there must have been hidden agendas, but all in all - it was a great force that helped the world. Then, something changed. America became greedy; natural resources, religion and terrorism took centrestage. It is amusing how any atrocities in Saudi Arabia or Russia would be overlooked, simply because they wield a lot of power.
I hate to go into examples but, Iraq attacked Kuwait; and international forces - primarily, US, UK, Egypt and Saudi Arabia - attacked Iraq. Was this war in pursuit of liberty and justness or was it to protect Oil - a major consumer of which was the US.
Terrorist attacks and that was a good reason to destroy (and help rebuild) Afghanistan, destroy Iraq (finally) and somehow, aid Pakistan. Were these measures to protect Oil and to promote the the global acceptance of the USD which could have possibly lost to the EUR.
The pretenses are debatable, the consequences are debatable, but the mere fact is that America held and still holds a lot of power. It went into Iraq (in the 2000s) after the UN came out with a report that no WMDs were found; what can stop brute force?
A thought that I have worded often - Who will regulate the regulators?
_________

Going back to the discussion with my friend; it's because America has so much money that it can afford to 'waste' money in creating niche movies, risking money on adventurous ventures; in addition, there are people who have the appreciation for art, much more than people from lesser countries where people would much rather worry about money and daily life.
One amazing thing I have noticed here is how much Americans love entertainment; they are crazy about sports, and that too, a variety of sports. Again, they do not play world sports, but nobody said they need to - they have a huge market which is more than sufficient.
Americans love to eat out, a life-style that is easier to live and at times, a necessity, but one that makes the entire community richer.
Americans love playing sports, just for fun. They love the outdoors, and they love travelling. They love their movies and their music. It's amazing when one thinks of the money that is generated at different stages of the production process of movies and songs. People around the world know American movies and music that has become popular through America. Why would a band such as U2 need to come to America - it has the money and its people have the capacity to spend it. Their standard of living has allowed them many comforts - but most importantly, they grasp at it - they are living their lives (some of them :D )


The perception that people have of Americans is that they live an easy life. I agree that living conditions in America are much more superior than those in most other countries, however, I believe that Americans work very hard to do what they do. It is a much more competitive place to work in than India. Of course there are exceptions and of course there are people who live beyond their means, but people work just as hard if not much harder (quality / quantity) than people from other countries.
If Indians have the audacity to point their fingers at Americans who live beyond their means, we should look at people in the political and bureaucratic circles who, in essence, rob other Indians. If Americans have the audacity to laugh at the Indian accent or think of Indians as an IT army, I would feel sorry for them; Indians are a whole lot more and individually we are an amazing people...

This post has been poorly worded.
This post was not about pro-Americanism.
I am promoting thought and rubbishing dogma.
I am going back to India because I believe I belong there.
I am going back to India because I believe in a story back home.
I am going back to India because I will always be an Indian at heart.
I love what America has managed to create for itself and for its people.
I wait to see what India (and I) can do for itself and for its people.

Basicland and Sorrowland

Well, this conflicts with 'Tirukafunda', but this write-up speaks volumes about human behaviour / behavior (Bah!).

It talks of a promised land that fell astray. The possible demise of a great success.

Lessons from business folk

Venture Capitalist: "Finding a company is like dating; you need to get along at first go otherwise you can't even think of marriage."

Well, it was a guest speaker session where 2 VCs had been invited. They were the 2 partners in a $15 Mn fund only operating on seed investing. Towards the end, I asked a question; originally, I wanted to ask the question with my opinion embedded inside, but then I kept it open-ended. I asked, "Why have you guys decided against expanding your fund or going into latter stages' financing?"

The guy answered, "It has to do with lifestyle choice... The 2 of us had had some experience in the corporate world, the 2 of us are committed to this company and we knew our capabilities. We figured that we could oversee 7-9 companies and we preferred being with our families in our free time. We did not think that we would like to work 80-hour weeks and our limited partners understand this level of commitment."

In effect, he had said that one needs to draw a line and say that this is how much I want to grow, not beyond this... I prefer this to that, and thus I will base my career. Now, this works especially if you are an owner or part owner of a business. May be even WB took the longest time to realize something similar.

Influence is what

2 things - Adam almost out of American Idol and ovation that artists receive in this society.
There is something childlike and alien about Adam. The way he stands, the way he is chilled on stage, the way he goes mad when he performs.
I am sure there are others like him - but I use him as a model of the things that are missing with humanity. I hope he succeeds, simply because he loves his field and his face glows when he smiles with ambition.

The final 3 of AIdol went to their respective home states / towns, and people were nuts. I believe the same would be for an actor, a filmmaker, a sportsperson or a musician.
But if Narayan Murthy walks down a street, he might be flooded with eyes but hardly ever admiration or a fan following.
There is something wrong with how society greets capitalists.
Here are people who have set up vast businesses with their teams, generated great direct and indirect employment.

On the other hand you have a Shah Rukh who has acted in movies.

Tell me who is the greater. Rich, selfish guy who has created sustainable employment and a perpetual entity or an actor who has grown rich and famous and entertained society.
Rich people are ridiculed because they are rich. Remove a Larsen & Toubro and see where India slides down to. Remove a Dell and see how an entire world is affected.

All that I ask for is that capitalists be shown gratitude.