Do away with money!
India seems to be caught in the vicious cycle of corruption. Business cannot seem to progress without corrupt officials and that is sustaining the so-called "secondary economy" or in more realistic terms "the evergreen slime-lickers club".
My simple (in concept) solution is: "Get rid of money" - And when I say money, I mean cash of course.
Stop printing currency notes and ask everyone who possesses money in any liquid form (cash, bank deposits, shares etc) to come to a central agency and have it exchanged for electronic credits. Set up a nationwide system that allows transactions that only use these electronic credits.
Complete transparency that eliminates the incentive to hide money. It will no longer be possible for anyone to earn money through illegal means and as black money subsides, the need to bribe politicans would be removed and corruption should die a natural death.
In my mind corruption is sustained only because of black money. If a company (like most IT companies) receives absolutely no payments in cash (Only through checks, wire transfers), there is hardly any unaccounted money. This means two things - No need to hide/blacken money, and politicans know that there is not much money to be made there. Its possible, but difficult for a high-profile IT company to bribe politicians.
Its not money that is root cause of all evil, but cash ....
My simple (in concept) solution is: "Get rid of money" - And when I say money, I mean cash of course.
Stop printing currency notes and ask everyone who possesses money in any liquid form (cash, bank deposits, shares etc) to come to a central agency and have it exchanged for electronic credits. Set up a nationwide system that allows transactions that only use these electronic credits.
Complete transparency that eliminates the incentive to hide money. It will no longer be possible for anyone to earn money through illegal means and as black money subsides, the need to bribe politicans would be removed and corruption should die a natural death.
In my mind corruption is sustained only because of black money. If a company (like most IT companies) receives absolutely no payments in cash (Only through checks, wire transfers), there is hardly any unaccounted money. This means two things - No need to hide/blacken money, and politicans know that there is not much money to be made there. Its possible, but difficult for a high-profile IT company to bribe politicians.
Its not money that is root cause of all evil, but cash ....
Comments
I'm tryin to imagine the beggars of Nandanam signal holding signposts wid their account numbers on it..!! he he..!! too funny..!!
me like to add few points to u my friend-
u think bring electronic currrency will stop black money ...hahaha ur a kiD my friend....,
u know wt- black money is being transferd electronicly in India- u know,
u know wt, these days Smart ppl keep their black money safly in the bank itself & bankers r too with them,
and these smart ppl tranfer these amt through wire too..... wt u say now,
just bringing electronic currency will help to a extend only,
people should be bold enough to come out & kick those doing wrong & on our part we too should be responsible to values n all,
hv u heard that famous tamil song from a MGR movie,
"theittam poittu therudura kuittam theirdii kondaa eruikkudhu- athai saittam poittu thaduikkura kuittam thaduithuikk kondaa iruikkudhu- theirudanai paathi thiruindha eitta theruittai oiliikka emidiyadhu" ---hahah hope u were able to follow that song,
like u my friend, my heart too bleeds for my mother country being raped by corruption-
i think it is time for guys like u & me take a WAR[ sometimes peace & prosperity comes after a war - it is a saying....
:-) sometimes later i will write it too... ,
in regds in saying who i am.....,
as of now i can sayy only.... be Cool Cool,
can tell sometimes soon i guess,