Cherubim

Prof Paul Krugman, a few days ago, wrote about the monopsony of the e-commerce giant Amazon that is little regulated as one can hardly establish a direct link between monopsony and consumer exploitation. I thought for a while, released a “Hmmm…” and royally set to ignore the idea till I, as an individual, felt the tremor of a mighty intangible Giant in my Windows. And here, there was a time, when I had paid tribute to Google on Teacher’s Day. “ Google it, and find the answer for yourself”, I would instruct my students. Now, knowledge is not confined to the bastion of any caste pundit who would refuse to diffuse it. Google, Wikipedia and the likes have democratized knowledge which was once the privilege of a few. It is a panacea to all our knowledge problems. A Big Thanks to the IT revolution. If you think this is some tribute paying saga- well, it might actually not turn out to be. My blog attracted Google attention and it decided to reward me with Google Adsense. Yeah, Googl...

Opportunity, Capacity and Ability- the three dimensions, which could not only help bolster economic growth but also bring the economy out of the shackles of recession and depression have been the basis for framing many poverty alleviation-employment guarantee schemes around the world. The first step of opportunity creation, as a welfare measure, is initiated by the state to foster capacity building measures in order to ensure enduring ability of the target population. Dole economics, without any doubt, is needed to iron out the creases of inequality but equally important is the approach as well as the implementation. (PC: The Hindu) The NREGS, later rechristened as MNREGS has been lauded and disparaged alike. It has been the flagship programme of the UPA Government guaranteeing a source of livelihood to the poverty stricken masses through employment and productive assets creation. Academic research and survey have shown positive effects of MNREGA on women empowerment, SC...