GandiBaat
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Yes and no. And actually hurting people is good here. It will bring some sense in them. Right now all the money is going into real estate. Meaning, no money for real industry. Can you believe it? EVEN after 2 and a half year after pandemic Canada is not able to manfacture covid vaccines in the country. This country used to have a decent vaccine manufacturing capability.You might argue that increasing interest rates will cool-off the bubble and it will of course, but it will absolutely hurt the people and not institutions. Everytime that happens, a lot of homes change hands and end up belonging to the companies.
Real estate is gobbling up the much precious capital. If you make houses 10 million a pop, you don't have much money left to make practically anything.
Name ONE democratic government that has solved water delivery problem for 1.4 billion people on the planet.Yeah no relation between the government and systemic issues and the problems in India.
Name ONE democratic government of any kind that has delivered education to 1.4 billion people in 26 and more different languages.
Name ONE democratic country that has successfully run a court and judicial system for more than 1 billion people.
Name ONE democratic country that has successfully provided healthcare for 1.4 billion people with diverse genetic background as India.
The scale at which India needs to solve problems is unprecedented in the history of humanity. People outside engineering simply do not appreciate how scaling is among the hardest problem there is.
Try this:
Make food for yourself. Easy peasy japanese.
Make food for yourself and your spouse. Hmm... labour of love but doable.
Make food for family of four... Damn that a full time job.
Make food for a restaurant... you require a line chef kind of kitchen. Its a totally different system than making food in your kitchen.
Make food for a whole village... I do not know how they do it.
Make food for one entire province... Surely you must be joking Mr. Feynman.
Scale is everything. India exists on a scale that is unprecedented in human history. It is diverse on a scale that is not seen anywhere. Its problem have yet not even been studied and less likely to be solved. And it needs to be democratic republic.... Surely you must be joking Mr. Feynman.