DMK promised 1K gave 0, DIds says 5K! Whose money is it? Dr. Swamy breaks down the pros and cons of freebies and how they affect the country in the long run.
Dr. Swamy knows Indian economy inside out. He's actually a true economist, not a book worm. The new age so called Indian "capitalists" have bench marked US economy and want India to follow the same. If you counter them, you're a automatically a socialist. Nice to see someone like Dr. Swamy who is actually aware about the current state of Indian economy and people. Wish he was the finance minister.
Nice interview. Thankyoou Subramaniam Swamy ji and Sree Iyer ji. I am very happy it is now nearly 2 years plus me and my family HAVE BOYCOTT ALL CHINA GOODS AND SERVICEZ. Many families in Sydney doing same like me and my family
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@@rohanindra6401 Who knows? Many "educated" people aren't aware of economic policies like these, let alone politicians. It is true that even if they did, politics corrupts to a certain degree, but no. If everyone knew this, then all politicians would be doing it because that's ultimately the surefire way to stay in power long-term: improve the situation for people in the country.
When something is free for someone , someone else is paying for it . There is no such things as Free in life ! Sure you can breathe oxygen and drink rain water for free . But education , health care , housing , food , all costs money !
But for breathing and drinking too effort is needed.As per Hindu traditions even while you are asleep certain things are at work(Thatvas).Nothing is free in this world .Well said .
Subramanyam Swamiji is a brilliant Economist. We wish he should have been India's FM . Freebies in the form of food rations during calamities is necessary to protect livlihoods of poor but not more than that as the saying goes " give a man fish to eat it will benefit him only but teach him how to fish his whole family benefits meaning thereby creation of employment opportunities in society is the best solution for progress of a country.
Sir, next topic with Dr. Swamy should be on industrialisation. 1) Meaning of industrialisation 2)How to do it 3)Causes and effects of it 4)What are the attributes to say a particular country or state is industrialised 5)How can india do it
Its dangerous for any country, take example of Venezuela, one politic party will promis x amount per month another will anouce 2x there is no end, money will come from poor tax payer
Our pleasure! Thank you. Please spread the good word about this channel, *Wilson Dsouza* . Also, tell your family and friends to *Subscribe* and *Like* this channel.
This man is a pure genius. I may not agree with his political stands all the time , but he is a pure economic genius. India missed a great Finance minister.
I remember reading a wonderful article on this topic in "The Hindu". The author presented the idea of - Need and Dessert Principle. Govt should provide people with Need (Neccessary Health, Food, Edu), and should avoid Dessert (Not necessary things - Cooker, Fans, etc. ).
The great iyer ji brainy swamy who boxes in and out in almost all subjects Having a compartment like knowledge on all subjects. The great brainy iyer swamy. We know this brainy iyers
Well-framed questions from Sreeji and the viewers. I have doubts on the loan granting part. Many people are with a mindset that loans from government banks need not be repaid. Corruption and alcohol addiction is at its peak. How do we improve production and see returns with such challenges?
Very good interview. A lot of knowledge shared. But why is there not a debate on abolishing income tax.. some people against esp FM Nirmala should sit across and debate
Glad you enjoyed it! Thank you. Please spread the good word about this channel, *Bharat Bhushan Mishra* . Also, tell your family and friends to *Subscribe* and *Like* this channel.
It's a socialist/communist approach to make people dependant and increasing the state debt. I'm from west bengal it is totally devastated by mamata with zero investment on infrastructure
In TN we already have 20 kg of free rice, besides subsidised Amma canteens and the like. On top of this there is a Pongal package consisting of rice, gud( sugar these days), some dal, cashews etc. The public have become freebie friendly. The old morality that we’ll eat from what we earn has almost totally vanished.
@Alexios I Komnenos He belongs to the same community as classical singer MS Subbulakshmi or Dr.Muthulakshmi (the first female Indian Doctor). Is Veda Vyasa Brahmin? Is Viswamitra brahmin? Is Kalidasa Brahmin? Is Valmiki brahmin? We have villages in Tamilandu given free to brahmins: Villages name end with "MANGALAM" like Kothamangalam, Sathya mangalam etc are villages given free to brahmins. History is truth. Aryans robbed Tamilnadu once in the name of Yagnas Dravidian are robbing Tamilnadu in the name of Freebee projects. All are same...SSwamy's great grand parents got more freebees as BIKSA If guys sing and ask for money we call them beggars If guys collect money first then sing and dance then it is called entertainment or movies....media...service providers. If guys perform yagnas and collects money that is (following the shastras) BIKSA (know that nothing will happen)...SANATANA DHARMA actually SATAN DHARMA. Murmuring Mantras and making money is another BIKSA tactics. If guys give free bees and steal money throw these kinds of projects we call them political thieves.... legally robbing the country....like electoral bonds. The major problem is that every group above except those beggars think that they deserve credit for their service but the other groups are doing wrong.
You follow the rules of Dharma then expect from others. You violate all the rules (what is legally right need not be right morally). Rama killed Vali from behind (illegal act) but argues that action is morally correct. Yudhistra lied about aswathama(immoral act) but argues that legally correct. This is called flip-flop dharma. Ithikasa is preaching the wrong things....therefore it is the fault of religion?
Argentina is a case in point. They made money supplying meat to both sides during WWII but invested only in real estate and not productive industries. The rest is history
Yes and ultra protectionism of Indian Industry should be removed and this is not for foreigners. Indians are being shielded against Indians.. And worst the freebie doles of Tax to common public is turning into nightmare for infrastructure development..
Well said Sir. Let us make a law to publish the source of money for which freebies are announced to prove that it is not from public money because nobody has been entrusted by the public to announce anything on their behalf especially before elections. Also for any NPA, the money shall be deducted from the employees of that banks.
Basic infrastructure (Roads, Railways, Ports, Harbours, Tunnels, ...including water supply, electricity, hospitals, schools) which are primary responsibilities of the Government, are also the key drivers/enablers for establishing a healthy and sustainable economy. These projects are capital intensive. If all the taxes are abolished, where will the Government find money for the basic infrastructure.
I was in the same boat as you. Even I felt there are minimum responsibilities but see how the government runs these. Read or watch Milton Friedman or Chanakya to understand how it would work without taxes
Why was there no discussion on PLI scheme in India by government in certain sectors.Is it good or bad .None asked questions?I would like some comments in this regard.My view is, it is not for Individuals so it may be another form of subsidising Industry. But certainly not a bad objective as it promotes entrepreneurs.I was in service and I know that even after entering service educational loan was not paid back by few people and banks issued notice.The moral education prevalent in 60 to 70 was given up and society degraded to think corruption is good.Cultural aspects not discussed by many economists except a few.
Indian education is so bad - as an IIT topper, I am shocked at lack of involvement of universities in R&D. Innovation is not going to come out of rote learning! Paper degrees are so valueless that 3rd class pass BA xyz is common, and even double MS/MAs don't get jobs. MBAs 90% are barely useful to be asst managers at MacDonald. Stop doing armchair crapping Swamyji.
Free bees to people with an eye on elwctions.. I wrote many mails to supreme court to intervene and also wrote to election commission to issue instructions on free bees n stop them. Or atleast instruct political parties give free bees with their party fund n not from exchequer fund n spoil the budgets developmental plans...
The only things that should be free are quality education and healthcare. But because of farm unions and populism we have free power, fertiliser, seeds and grain. Free laptops at state level etc. all this while the poor remain poor. And because of freebies we have no money to spend on education and health which will actually help poor. Truthfully politicians do not care about helping the poor, least of all socialists. They believe in assistance to make poverty more bearable. If you end poverty the poor no longer would rely on the likes of Yadav and his ilk. Keep them desperate and dependent!
Even free education and Healthcare though laudable is not feasible. How do you pay the high salaries of doctors and college professors. In this day and age the best can easily emigrate and work for whoever offers the best benefits and salaries.
Dr Swamy spent his entire life, trying to do what Manmohan singh did for Indian economy in 90's. Given he could never do that, he now just claims that he is the one who gave all the suggestions and others just implemented his blue prints.
Manmohan Singh is a glorified economist. He was at the helm of affairs from the 60s. At best he was a stooge. Credit must be given to Narasimha Rao for the bold economic reforms and not to MMS. What did MMS do in the 10 years as PM? Maximum Non performing loans were given to crony capitalists during his stewardship. India would have gone down the tube if it was publicized. Luckily it didn't get enough headlines to ruin the country. Remember the stupid thing called the retro tax? MMS and Pranab were the architects. MMS in my opinion is not a role model for sardars.
@@georgecheriyan what evidence do you have to support your assertion that it was Rao and not Manmohan who planned and executed all the reforms? Just making statements does not mean they are true, you need evidence. Worldwide (except in brainwashed Hindian media) Manmohan Singh is credited for the reforms. But Hindus, in their hatred for minorities cannot even acknowledge a plain truth. Rao was in way more powerful positions vs Manmohan before 1991, if he was such a reformer, why did he not have any achievement worth to boot for, before Manmohan saved Indian economy from disaster. During the 2008 crises while the world suffered, India was saved becasue of Manmohan...look what your hindu hirday samrat has done in last 7 years. We are back to command and control nonesense.
@@HarjeetSingh-ev8vk India was saved in 2008 not because of MMS' genius. Our banks, financial institutions and companies were not linked to the global financial system like it is now. It was as simple as that. MM S role was that of a mannequin at best. When Obama asked him for advice, he had nothing to say. Don't defend the indefensible.
Rather there should be a system of Give and Take. A credit system. Eg. A person works very hard in the youth and retire with sufficient money to take care of minimum 2 people in old age. However, in just 2 to 3 years, the purchase value comes down to 50 pct or even less in certain goods and services. That person is finished. This lead to corrupt practices, hoarding land flats gold and what not to secure the future. If one has contributed in the working years, there should be a system support where certain services and basic needs are available at subsidised rate or free. Perhaps India may be the no. 1 country in gold holding. Heard that the poorest in Kerala TN have minimum 1kg gold in their possession. There should be a long term policy and short term policy, very well defined.
We in US are really in trouble. People really are not. Willing to work. Work ethic is really in trouble at this time. Dr. Swamy free bees do not work in long term.
Perhaps, he should discuss the distinction made by Isaiah Berlin about “freedom from” and “freedom to”. If you do not have freedom from (say, hunger, homelessness, illness, ignorance, etc) , then your freedom to criticise, to vote, read what you want etc is not worth much.
Iyer sir A Hyderabad scientist got a patent based on acceleration and deceleration from flywheel.it is having a multiplier effect in power generation .can you throw some light on it .
Swamy is a Keynesian economist Ig. Government spending during the depression or any other time creates a bubble of spending that can burst at any time, most important part in saving the earned money and especially in non-fiat currencies so that government, on some random day thinks of printing more money and reducing its value. Endless consumerism isn't good, and if that's how an economy is built, it won't be stable too. Again valuation of a product by someone is on their choice, and it can't be stopped, but bailing out everyone and the so-called kick start to the economy hurts in the long run, coz you have to pay the money later, and the moment someone raises taxes to pay it up, they will face backlash and get no votes. So governments go for money printing and yea that's the tax that comes as inflation. Moreover, US is kinda immune to this as of now, because they are the global currency, if they lose this anytime, it's gonna be chaos there.
Most EU countries and Japan charge 40% tax & all citizens get free education(till 16 years, many countries till Phd), health and social security. This is not freebie but implements equality as needed by ay democratic society. But in India we pay over 55% tax get nothing in return. All politicians get cars, bungalows, aeroplanes, helicopters, security, etc pensions even if elected once, Is this not freebies?? Public money for public is NOT freebie. Also freebie cannot be caste, backward, reservation, etc basis. Period. Now new buzz word to fund corruption from public fund is to rake up "freebie", Capitalism & socialism.
Exellent response by Swami about freebies, its essential to to boost demand when people's buying capability is weak or non due to unemployment or some other reason.
@@clara.c7802 does it matter? Is India interested to become a superpower? A nation with no education and idiots running the show is good? At least India is not Libya, Sudan, Iraq, Yemen, Pakistan, Afghanistan……
Swamy is a gem I know that but he didn't get respect as he expected in congress that's why he jumped in bjp otherwise he would have murdered bjp by now
Who says that? the social group that has enjoyed only freebies for several centuries...from Agraharams/Chathurvedi Mangalams to free schooling, free food, free clothes what not...Even now the free manager roles that needs no skill set
Sir .Better cancel voting rights of free facilities seekers in all kinds of elections. They can get free help even when they don't vote. All elections will be fair. Hariom. 🌹❤️
Really ?! And where does the money come from ? Unless Ate teachers , doctors work without salary . Are you willing to pay hefty income tax to foot the bills ?
17:10 Government caused interference one's working then, so that is the only position I would accept giving someone freebie, it's a hindrance caused by the government. In other cases, be it free healthcare or free education, I wouldn't be that favorable, why coz then why not clear loans or give free money to someone who has started a stationery shop or hotel after his 12th, they too add a lot to the economy, and some of them might open franchises of theirs across the nation. Healthcare and education costs can be reduced in several ways such as reducing restrictions on medications, approving generic medicines faster (which FDA in the USA doesn't do), reducing taxes on education and healthcare by religious institutes. Instead of making Univs like amusement parks, it should supply basic stuff for students, not house a stadium that big. Moreover, in places where there are free healthcare and education, there are higher taxes on stuff like sugar, fat, etc. There are taxes on certain kinds of bread, cakes etc. AFAIK many German Univs don't have stadiums and stuff, they have basic gyms and sports complexes, but not like USA. As long as someone doesn't hurt the other person, or cheat someone through the business, the government should mostly leave it open.
How do you answer concerns on ecology? WHat will happen to marine life which can fall prey to turbines? How about maintenance of rust? Did you see some country (perhaps Netherlands) in Europe which tried to stem the seawater eating in the land and they built some huge mechanical system to control but the efficiency is far less than thought. Again, how do you harness the tidal energy without harming other things and realize the scale of energy?
Another great video, as usual. But please stop saying "impact"; it's a nonsensical jargon word that's unfortunately becoming popular. Nothing is crashing or colliding into anything; what you mean to say is "effect" (as the noun) or "affect" (as the verb).
The near failure of communism is a blow to the idea of an alternative way of life leading to an unipolar world which is also in a way anathema to democratic ways.
7 years wasted ! I hoped modi would appoint him as FM in 2014. He would have transformed Indian economy. Sad his knowledge is limited to panel discussions.
Sir, How can we encourage Modi Govt to take your suggestions on economy... we see so many failures on economy..Even foreign policy lapses with Nepal/ Srilanka/ Bangladesh etc etc...
Jagan Reddy government in Andhra Pradesh just takes loans from anywhere and everywhere to give freebies. Subramanian Swamy endorses and supports him. Then he gives a lecture on long term effects of freebies. Is there any better word than "hypocrite" to describe Dr. Swamy? Pathetic person
Had the Eeshwar bristled this man's intellect n commitment n un necessarily being after each n every one with pragmatism n other' view point realisation, he could hv proven one of the best Indian ever existed. But his most of energies lost in vain if don't find a Man like Modi again. His stupidity speaking against Modi has earned him bad name.
Dr. Swamy knows Indian economy inside out. He's actually a true economist, not a book worm. The new age so called Indian "capitalists" have bench marked US economy and want India to follow the same. If you counter them, you're a automatically a socialist. Nice to see someone like Dr. Swamy who is actually aware about the current state of Indian economy and people. Wish he was the finance minister.
He is no match for Nirmala Sitaraman
@@thor3932 😂 really
Mr Swamy explains in a very simplified way, l respect him.
Nice interview. Thankyoou Subramaniam Swamy ji and Sree Iyer ji.
I am very happy it is now nearly 2 years plus me and my family HAVE BOYCOTT ALL CHINA GOODS AND SERVICEZ.
Many families in Sydney doing same like me and my family
You can help *Rohit Jayasheel* by *sharing* this video with your friends and family, *liking* it, *subscribing* to our channel by clicking on the *bell* button.
Very few politicians have this kind of understanding in these complicated matters
They know, they just don’t care
@@rohanindra6401 Who knows? Many "educated" people aren't aware of economic policies like these, let alone politicians. It is true that even if they did, politics corrupts to a certain degree, but no. If everyone knew this, then all politicians would be doing it because that's ultimately the surefire way to stay in power long-term: improve the situation for people in the country.
When something is free for someone , someone else is paying for it . There is no such things as Free in life ! Sure you can breathe oxygen and drink rain water for free . But education , health care , housing , food , all costs money !
But for breathing and drinking too effort is needed.As per Hindu traditions even while you are asleep certain things are at work(Thatvas).Nothing is free in this world .Well said .
Subramanyam Swamiji is a brilliant Economist. We wish he should have been India's FM . Freebies in the form of food rations during calamities is necessary to protect livlihoods of poor but not more than that as the saying goes " give a man fish to eat it will benefit him only but teach him how to fish his whole family benefits meaning thereby creation of employment opportunities in society is the best solution for progress of a country.
maybe, but not maintaining an airlines
We should promote the term "Limited Welfare" along with political philosophies like Limited Government...😩😩😩
Sir, next topic with Dr. Swamy should be on industrialisation.
1) Meaning of industrialisation
2)How to do it
3)Causes and effects of it
4)What are the attributes to say a particular country or state is industrialised
5)How can india do it
Its dangerous for any country, take example of Venezuela, one politic party will promis x amount per month another will anouce 2x there is no end, money will come from poor tax payer
Thank you so much for some of the Economics classes I missed, and for making it fun too. 🙏
Our pleasure! Thank you. Please spread the good word about this channel, *Wilson Dsouza* . Also, tell your family and friends to *Subscribe* and *Like* this channel.
@@PGurus1 Sure Sir. 🙂
This man is a pure genius. I may not agree with his political stands all the time , but he is a pure economic genius. India missed a great Finance minister.
I remember reading a wonderful article on this topic in "The Hindu". The author presented the idea of - Need and Dessert Principle. Govt should provide people with Need (Neccessary Health, Food, Edu), and should avoid Dessert (Not necessary things - Cooker, Fans, etc. ).
The great iyer ji brainy swamy who boxes in and out in almost all subjects Having a compartment like knowledge on all subjects. The great brainy iyer swamy. We know this brainy iyers
Dr Swamy, a talent par excellence whose expertise is the country's need of the hour. Look forward to more such innovative ideas.
Thanks Pgurus!! This is very helpful 👍
Well-framed questions from Sreeji and the viewers. I have doubts on the loan granting part. Many people are with a mindset that loans from government banks need not be repaid. Corruption and alcohol addiction is at its peak. How do we improve production and see returns with such challenges?
बहुत सुन्दर प्रस्तुति। धन्यवाद।।
Well explained impartially,Swamiji.
Very good interview. A lot of knowledge shared. But why is there not a debate on abolishing income tax.. some people against esp FM Nirmala should sit across and debate
This topic is so much pressing. Thanks for taking up with most astute economist.
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A Beautiful Mind !!
What an intelligent man...but who will listen??? Well done
You should also do a video on taxing the public heavily on fuel. On how it fuels inflation
Very good topic. Why can't we make the change?
It's a socialist/communist approach to make people dependant and increasing the state debt. I'm from west bengal it is totally devastated by mamata with zero investment on infrastructure
In TN we already have 20 kg of free rice, besides subsidised Amma canteens and the like. On top of this there is a Pongal package consisting of rice, gud( sugar these days), some dal, cashews etc. The public have become freebie friendly. The old morality that we’ll eat from what we earn has almost totally vanished.
Brahmins collected freebees first from KINGS...lands, houses etc in the name of BIKSA
@Alexios I Komnenos He belongs to the same community as classical singer MS Subbulakshmi or Dr.Muthulakshmi (the first female Indian Doctor).
Is Veda Vyasa Brahmin?
Is Viswamitra brahmin?
Is Kalidasa Brahmin?
Is Valmiki brahmin?
We have villages in Tamilandu given free to brahmins: Villages name end with "MANGALAM" like Kothamangalam, Sathya mangalam etc are villages given free to brahmins. History is truth.
Aryans robbed Tamilnadu once in the name of Yagnas
Dravidian are robbing Tamilnadu in the name of Freebee projects.
All are same...SSwamy's great grand parents got more freebees as BIKSA
If guys sing and ask for money we call them beggars
If guys collect money first then sing and dance then it is called entertainment or movies....media...service providers.
If guys perform yagnas and collects money that is (following the shastras) BIKSA (know that nothing will happen)...SANATANA DHARMA actually SATAN DHARMA.
Murmuring Mantras and making money is another BIKSA tactics.
If guys give free bees and steal money throw these kinds of projects we call them political thieves.... legally robbing the country....like electoral bonds.
The major problem is that every group above except those beggars think that they deserve credit for their service but the other groups are doing wrong.
You follow the rules of Dharma then expect from others. You violate all the rules (what is legally right need not be right morally).
Rama killed Vali from behind (illegal act) but argues that action is morally correct.
Yudhistra lied about aswathama(immoral act) but argues that legally correct.
This is called flip-flop dharma.
Ithikasa is preaching the wrong things....therefore it is the fault of religion?
A blemishless mind is the basis of all virtue.Everything else is empty show.
@Alexios I Komnenos channel is brahmin preaching of VARNASHRA DHARMA
Argentina is a case in point. They made money supplying meat to both sides during WWII but invested only in real estate and not productive industries. The rest is history
Yes and ultra protectionism of Indian Industry should be removed and this is not for foreigners. Indians are being shielded against Indians.. And worst the freebie doles of Tax to common public is turning into nightmare for infrastructure development..
Well said Sir. Let us make a law to publish the source of money for which freebies are announced to prove that it is not from public money because nobody has been entrusted by the public to announce anything on their behalf especially before elections. Also for any NPA, the money shall be deducted from the employees of that banks.
same situation in AP, but Swamy will not comment anything against AP CM
As a economist Swami is exellent!
Education is an industry in Tamil Nadu without incentives
Education and healthcare should be given as Govt. freebies as in Cuba……
Basic infrastructure (Roads, Railways, Ports, Harbours, Tunnels, ...including water supply, electricity, hospitals, schools) which are primary responsibilities of the Government, are also the key drivers/enablers for establishing a healthy and sustainable economy. These projects are capital intensive.
If all the taxes are abolished, where will the Government find money for the basic infrastructure.
I was in the same boat as you. Even I felt there are minimum responsibilities but see how the government runs these. Read or watch Milton Friedman or Chanakya to understand how it would work without taxes
@@kakurn Thanks.
Subramanian Swamy spoke only about direct tax. Basically Income tax. Refine your knowledge about economics.
Swamy ko Finance minister banake dheko poora badal dega system. Khatarnak aadmi hai aur jo sochte hai vo karte hai. We need such bold man as FM
Desalination of water is a very expensive process.
YEs. All Chennai budget if not TN budget will have to be spent on desalination and is also very energy intensive.
Excellent programs.
I totally agree with - reduce interest rates and get rid of Income tax !
Why was there no discussion on PLI scheme in India by government in certain sectors.Is it good or bad .None asked questions?I would like some comments in this regard.My view is, it is not for Individuals so it may be another form of subsidising Industry. But certainly not a bad objective as it promotes entrepreneurs.I was in service and I know that even after entering service educational loan was not paid back by few people and banks issued notice.The moral education prevalent in 60 to 70 was given up and society degraded to think corruption is good.Cultural aspects not discussed by many economists except a few.
PGurus is doing great to the SOCIETY
Even in TCS & Infosys in US paying employees just to sit in Bench but in India employees are slogging specially BPO.
Who will teach economics to our politicians. Read Richard Musgrave thesis of public expenditure.
Indian education is so bad - as an IIT topper, I am shocked at lack of involvement of universities in R&D. Innovation is not going to come out of rote learning! Paper degrees are so valueless that 3rd class pass BA xyz is common, and even double MS/MAs don't get jobs. MBAs 90% are barely useful to be asst managers at MacDonald. Stop doing armchair crapping Swamyji.
Despite min wage in US, govt spent 6 Trillion $$ on stimulus and Fed pumped 9 Trillion $$… therefore US economy shouldnt be an example
Free bees to people with an eye on elwctions..
I wrote many mails to supreme court to intervene and also wrote to election commission to issue instructions on free bees n stop them. Or atleast instruct political parties give free bees with their party fund n not from exchequer fund n spoil the budgets developmental plans...
Totally agreed brother... you have done right thing.
Swamy ji please listen to Richard Warner . He is an excellent guy 🙏
The only things that should be free are quality education and healthcare. But because of farm unions and populism we have free power, fertiliser, seeds and grain. Free laptops at state level etc. all this while the poor remain poor. And because of freebies we have no money to spend on education and health which will actually help poor. Truthfully politicians do not care about helping the poor, least of all socialists. They believe in assistance to make poverty more bearable. If you end poverty the poor no longer would rely on the likes of Yadav and his ilk. Keep them desperate and dependent!
Even free education and Healthcare though laudable is not feasible. How do you pay the high salaries of doctors and college professors. In this day and age the best can easily emigrate and work for whoever offers the best benefits and salaries.
Dr Swamy spent his entire life, trying to do what Manmohan singh did for Indian economy in 90's. Given he could never do that, he now just claims that he is the one who gave all the suggestions and others just implemented his blue prints.
Manmohan Singh is a glorified economist. He was at the helm of affairs from the 60s. At best he was a stooge. Credit must be given to Narasimha Rao for the bold economic reforms and not to MMS. What did MMS do in the 10 years as PM? Maximum Non performing loans were given to crony capitalists during his stewardship. India would have gone down the tube if it was publicized. Luckily it didn't get enough headlines to ruin the country. Remember the stupid thing called the retro tax? MMS and Pranab were the architects. MMS in my opinion is not a role model for sardars.
@@georgecheriyan what evidence do you have to support your assertion that it was Rao and not Manmohan who planned and executed all the reforms? Just making statements does not mean they are true, you need evidence. Worldwide (except in brainwashed Hindian media) Manmohan Singh is credited for the reforms. But Hindus, in their hatred for minorities cannot even acknowledge a plain truth. Rao was in way more powerful positions vs Manmohan before 1991, if he was such a reformer, why did he not have any achievement worth to boot for, before Manmohan saved Indian economy from disaster. During the 2008 crises while the world suffered, India was saved becasue of Manmohan...look what your hindu hirday samrat has done in last 7 years. We are back to command and control nonesense.
@@HarjeetSingh-ev8vk India was saved in 2008 not because of MMS' genius. Our banks, financial institutions and companies were not linked to the global financial system like it is now. It was as simple as that. MM S role was that of a mannequin at best. When Obama asked him for advice, he had nothing to say. Don't defend the indefensible.
Governments shd indulge only in education, health, internal and external security, basic infrastructure, policy making, regulatory mechanism & promote private economical & industrial development (free market economy).
Rather there should be a system of Give and Take. A credit system. Eg. A person works very hard in the youth and retire with sufficient money to take care of minimum 2 people in old age. However, in just 2 to 3 years, the purchase value comes down to 50 pct or even less in certain goods and services. That person is finished. This lead to corrupt practices, hoarding land flats gold and what not to secure the future. If one has contributed in the working years, there should be a system support where certain services and basic needs are available at subsidised rate or free. Perhaps India may be the no. 1 country in gold holding. Heard that the poorest in Kerala TN have minimum 1kg gold in their possession. There should be a long term policy and short term policy, very well defined.
We in US are really in trouble. People really are not. Willing to work. Work ethic is really in trouble at this time. Dr. Swamy free bees do not work in long term.
Yhere will be a civil war in US, keep your papers ready and relocate to Australia.
He should be our finance minister. Our economy is deteriorating day by day.
Perhaps, he should discuss the distinction made by Isaiah Berlin about “freedom from” and “freedom to”.
If you do not have freedom from (say, hunger, homelessness, illness, ignorance, etc) , then your freedom to criticise, to vote, read what you want etc is not worth much.
Iyer sir A Hyderabad scientist got a patent based on acceleration and deceleration from flywheel.it is having a multiplier effect in power generation .can you throw some light on it .
DEAR Swamy we lesion to since long time but no use of it .
Next Dr Swamy session should be on China👍
Swamy is a Keynesian economist Ig. Government spending during the depression or any other time creates a bubble of spending that can burst at any time, most important part in saving the earned money and especially in non-fiat currencies so that government, on some random day thinks of printing more money and reducing its value. Endless consumerism isn't good, and if that's how an economy is built, it won't be stable too. Again valuation of a product by someone is on their choice, and it can't be stopped, but bailing out everyone and the so-called kick start to the economy hurts in the long run, coz you have to pay the money later, and the moment someone raises taxes to pay it up, they will face backlash and get no votes. So governments go for money printing and yea that's the tax that comes as inflation.
Moreover, US is kinda immune to this as of now, because they are the global currency, if they lose this anytime, it's gonna be chaos there.
Most EU countries and Japan charge 40% tax & all citizens get free education(till 16 years, many countries till Phd), health and social security. This is not freebie but implements equality as needed by ay democratic society. But in India we pay over 55% tax get nothing in return. All politicians get cars, bungalows, aeroplanes, helicopters, security, etc pensions even if elected once, Is this not freebies?? Public money for public is NOT freebie. Also freebie cannot be caste, backward, reservation, etc basis. Period. Now new buzz word to fund corruption from public fund is to rake up "freebie", Capitalism & socialism.
the question regarding NPA scam not touched in detail.how it affects the countries economy and common people
Iyer Sir, in India 100 years back education was free. Medicine and doctors didn't charge money. You don't call them freebies.
The Indian enforcement to having the same energy prices throughout the country, can it be counted as a subsidy?
Exellent response by Swami about freebies, its essential to to boost demand when people's buying capability is weak or non due to unemployment or some other reason.
Free education and healthcare should be given as State freebies….
Free but with quality is needed otherwise its useless
@@clara.c7802 does it matter? Is India interested to become a superpower? A nation with no education and idiots running the show is good? At least India is not Libya, Sudan, Iraq, Yemen, Pakistan, Afghanistan……
Please keep the questions short Sir.
Swamy is a gem I know that but he didn't get respect as he expected in congress that's why he jumped in bjp otherwise he would have murdered bjp by now
Those holding McJobs are not walking away from jobs. 'Freebies' have helped them to get a living minimum wage.
Who says that? the social group that has enjoyed only freebies for several centuries...from Agraharams/Chathurvedi Mangalams to free schooling, free food, free clothes what not...Even now the free manager roles that needs no skill set
Why don't the election commission draw a rule not to announce such freebees
Kejriwall promised to pay Rs5000 for every person in Punjab if that person is a woman !
Sir .Better cancel voting rights of free facilities seekers in all kinds of elections.
They can get free help even when they don't vote.
All elections will be fair.
Hariom. 🌹❤️
High end cars sold 300 during pandemic while it was just 100 in 7 years
Food, healthcare and education can be given free to whole country all the time
Really ?! And where does the money come from ? Unless Ate teachers , doctors work without salary . Are you willing to pay hefty income tax to foot the bills ?
17:10 Government caused interference one's working then, so that is the only position I would accept giving someone freebie, it's a hindrance caused by the government. In other cases, be it free healthcare or free education, I wouldn't be that favorable, why coz then why not clear loans or give free money to someone who has started a stationery shop or hotel after his 12th, they too add a lot to the economy, and some of them might open franchises of theirs across the nation. Healthcare and education costs can be reduced in several ways such as reducing restrictions on medications, approving generic medicines faster (which FDA in the USA doesn't do), reducing taxes on education and healthcare by religious institutes. Instead of making Univs like amusement parks, it should supply basic stuff for students, not house a stadium that big. Moreover, in places where there are free healthcare and education, there are higher taxes on stuff like sugar, fat, etc. There are taxes on certain kinds of bread, cakes etc. AFAIK many German Univs don't have stadiums and stuff, they have basic gyms and sports complexes, but not like USA.
As long as someone doesn't hurt the other person, or cheat someone through the business, the government should mostly leave it open.
Our country ,opposition parties are there to see that nothing goes to people from the ruling parties
In food crisis ,rationing was the norm.
Why not ocean wave converted into electricity not considered which is renewable and sustainable
How do you answer concerns on ecology? WHat will happen to marine life which can fall prey to turbines?
How about maintenance of rust? Did you see some country (perhaps Netherlands) in Europe which tried to stem the seawater eating in the land and they built some huge mechanical system to control but the efficiency is far less than thought.
Again, how do you harness the tidal energy without harming other things and realize the scale of energy?
अगर अंग्रेज अपने शासन काल freebies दिए होते तो इस देश को छोड़ना नही पड़ता l
Another great video, as usual. But please stop saying "impact"; it's a nonsensical jargon word that's unfortunately becoming popular. Nothing is crashing or colliding into anything; what you mean to say is "effect" (as the noun) or "affect" (as the verb).
When I think freebies....I remember Venezuela
The near failure of communism is a blow to the idea of an alternative way of life leading to an unipolar world which is also in a way anathema to democratic ways.
Bharat Mata ki JAI
Take away power from our IAS babus !
We need to develop a political system based on merit - those who can offer solutions should be voted to power !
So Too corruption by Politicians except Jaya and a few none were punished and judiciary to a certain not an exeption
7 years wasted ! I hoped modi would appoint him as FM in 2014. He would have transformed Indian economy. Sad his knowledge is limited to panel discussions.
I agree that India doesn’t have long term plan
Indont know but it makes me really angry.
Here , after freebies in Karnataka by Congress
Pitchai puginum, ilavasam nanre
Kerala gave kits of substandard Masala.
Miss...i think u have quoted wrongly.. it shld be Pichai puginim , katkai nanre...I'm not Indian but this is what I learned in my Tamil class
@@amiemohan8578
I deliberately changed it
Even rich and educated hang around for Govts freebies
@@amiemohan8578 you are Malaysian?
@@amiemohan8578
Glad you learnt Tamil...
I speak 6 languages, including Japanese.
'Freebies' can help the poor avail of necessities and services. The poor cannot increase inflation.
NPAs are the worst kind of freebies👌
atleast 60,000 crores worth of NPA's are on 3 ex MP's in Andhra alone
@@bvssrsguntur6338 - OMG. Crony capitalism and this loan amounts are sure to find a way to land on the lap of the netas who helped the with the loans.
Y s sree amused wen 🤔serious matters r Discussed?
Freebies master Delhi CM
Sir, How can we encourage Modi Govt to take your suggestions on economy... we see so many failures on economy..Even foreign policy lapses with Nepal/ Srilanka/ Bangladesh etc etc...
kejriwal is making more free bees, why giving free electricity
Jagan Reddy government in Andhra Pradesh just takes loans from anywhere and everywhere to give freebies. Subramanian Swamy endorses and supports him. Then he gives a lecture on long term effects of freebies. Is there any better word than "hypocrite" to describe Dr. Swamy? Pathetic person
👍
He is saying abolish income tax to saal ka 6 lakh crore ye apne muh miya mithu dega ??
Had the Eeshwar bristled this man's intellect n commitment n un necessarily being after each n every one with pragmatism n other' view point realisation, he could hv proven one of the best Indian ever existed. But his most of energies lost in vain if don't find a Man like Modi again. His stupidity speaking against Modi has earned him bad name.
Amazing to see the socialist mindset in the most free market minister in India. Sad!
Russia had ,Korea had, even Japan had this shortage.