Who and why they sold you the idea of Entrepreneurship.

Who sold you the Entrepreneurial dream? Where did you hear it first time? Most of us are not even conscious of the fact where we first heard the word “Entrepreneur”. Did you hear it as a child, or did you hear it on TV ?

In India, organised corporate sector employs 11% of population. The rest are either running a small business or employed by small businesses.

Where and when did the Entrepreneurial dream begin?

To understand the roots of popularising entrepreneurship, we need to head back to the US of the 1980’s. Keynesian economics was being replaced with Neo-liberal economics. Jimmy Carter privatised airlines, banks, hospitals and host of institutions. Margaret Thatcher was also doing the same in UK. Bargaining power of trade unions were being “systematically” weakened. This was essential for Globalisation. The developed world first lost factory jobs. Manufacturing shifted to countries with cheaper labour. As that wasn’t enough, even the back end office jobs got outsourced.

Unemployment as a consequence of Globalisation

The result of this globalisation was loss of security of a stable jobs. Rise in productivity increases the salary of employees with specialised skills. But the commong man was losing his job. He had no social support, the neo-liberal wave had privatised every social benefit. The ordinary bloke went through sleepless nights. He kept awake thinking about how he is going to pay for his or his families medical bills in case of an emergency. He is now pissed.

To counter this anger and the inability of the government to create jobs. The neoliberal intellectuals made the helpless jobless person in to a loser. They sold him the idea, that if he didn’t have a job, he should become a entrepreneur. They suggested “the best help is self help”. They gave him new age propaganda bullshit that “you can create whatever you can imagine.”

Why did Indians buy the dream of Entrepreneurship ?

First of all Indian economics and media follow the US Template. Our ideology is western, at-least the popular culture. Also it suits the powers. After all elites are not nationalists.

But India has lot of Jobs?

I am not a economist, but India at this point in History has a youngest demographic in its population. We have much more youth waiting to enter the job market and many more competing to maintain their jobs. The Indian common man has no bargaining power with his employers like his counter parts in the west. Of-course we have a thriving middle class and the country is GDP is maintaining its pace. But unfortunately the GDP growth is not translating into “MORE JOBS”.

Narendra Modi and #makeinindia

Narendra Modi government wants to make Indian Manufacturing a tiger again. He is aware of the fact that 50% of Indians are not able to sustain themselves. The government has encouraged startups with its own start fund also.

What’s the point of this post?

I want to remove the rose tinted glasses which you view entrepreneurs. I find it ridiculous to see guys blushing when they talk about Elon Musk. The Government is washing its hand on their responsibility towards helping them. It is saying you help yourself, while we will do some kind of tokenism.

The Reality of the Entrepreneur.

Every small businessman I meet is telling the same story. He is spending too much time in administrative work. The government is arm twisting him, to collect taxes. while the big fishes maintain their unscrupulous stance. This is the reality of the ordinary Entrepreneur.


The story of the Fox and the white rabbit By Mateja Klaric

Our relationships are are biggest teachers. In one of the spiritual classes I attended. The teacher used to often say , that our lover/partner is our biggest master. The lover/wife/partner is in our life to teach us the most valuable life lessons.

Cutting back to this story. The theme of this story is an analogy of this classic problem. Our relationships are so testing. The deeper are our relationships the more they test us. They help us to grow. Either we cop out or stay put.

This story is all about our relationships. Sometimes we feel powerful like the fox and sometimes we feel like the rabbit giving our best and sacrificing ourselves to our lover.

Happy to know there is more to come in the series and would be interested to know how the author navigates from here on.

Buy here – https://books2read.com/foxandwhiterabbit

The author page on medium – https://medium.com/@matejaklaric?source=linkShare-77ecba3014f8-1503394448

Review of Jio Lyf Water 2

No doubt Reliance Jio has been a game changer in the mobile Internet space. A year from the launch of Jio, my mobile internet expense has reduced by 1/5th. Now I have excess data on all my SIM cards. Airtel has started giving a carry forwards balance and I have about 15GB carried forward so far.

All my friends had warned me about Reliance. People just don’t trust Reliance as a company. I reasoned that since Mukesh Ambani has invested so much, this time around things would be much better.

But now I am thinking that maybe my friends were right. My jio lyf water 2 phone battery got swollen and as a consequence the screen has come off. It’s been a couple of months that I am using it like this. When I finally found time to go to the service center, the person said, the battery has a warranty of only 6 months. What was frustrating that they don’t have batteries in stock. So now I cannot use this phone as the battery drains off in an hour.

Of course I don’t expect this to work like an iPhone, but still 9500/- is a good amount of money for a phone and they should be giving us better phones. This is how jio has let me down.

Review of the book A feast for Vultures: The hidden Business of Democracy in India.

This one one of the book, I finished at a single go. Though the author is journalist the content is easy to read and I trust the editor has taken a lot of efforts to make it easy to read.

Coming back to this book. If you want to know how the system (the state) works, this book is essential primer. The books starts with a classic rural village and the trials of a village activist to get a road to his village. You would know a lot about Indian villages after reading this first chapter. Did you know over 56% of rural Indian population in India still don’t have electricity. Unbelievable

The central chapter talks extensively about the airline industry which was born out of liberalisation. Remember East west Airlines? The owner was gunned down one evening outside his office. Also the meteoric rise of Naresh Goyal the billionaire behind Jet airways. #Imho the chapters on the airlines is the best part of this entirely fabulous book.

It talks about how the Judiciary has over 3 crores pending cases, which might take 320 years to dispose off. This is crazy isn’t it?

The books then heads over to central India into the business of mining and coal blocks. It talks about Jindal and Vedanta and a bit about the rich billionaires owners behind these corporations. It has all the details but the scope of the books is not to delve deep, but to give an overview of how corporate power works in India.

To sum it up.

It’s a quick read, you can finish it over a weekend or a couple of weekends. The book ends on a positive note. Read the book to find out.

Btw the way the author Josy Joseph is one of those great journalist. He has done some extensive investigative journalism on Adarsh and Common wealth games scam.

Amazon Link – http://www.amazon.in/Feast-Vultures-Hidden-Business-Democracy/dp/9350297515/ref=sr_1_1?ie=UTF8&qid=1503158407&sr=8-1&keywords=A+feast+for+Vultures

About Josy Joseph – https://en.wikipedia.org/wiki/Josy_Joseph