I have been a keen reader of India Currents since moving to the Bay Area around four years ago. While I am a keen follower of news on the internet, I am a firm believer in the print media and fully support the publisher’s decision to start charging for home delivery of the magazine. It is a small investment in maintaining a healthy and vibrant print media in the United States.
India Currents is well rounded and offers a variety of opinions, some of which I agree with and others I do not. Thanks again for putting together a very readable and enjoyable publication.
Rupi Singh, San Mateo
Against the Bailouts
Sarita Sarvate’s “The United Republic of America?” (India Currents, May 2009) was a good read, but I disagree on one point. What we see today is not the result of the failure of the capitalist system, but rather the result of the fact that outside agents (read: lobbyists, special interests) are constantly interfering and tweaking the system to their own ends at the expense of taxpayers.
Not only that, but many of our communities today have no time and energy to actively contribute to the system in which we live. Hence, passive discourse about our future has given capitalism a bad name. Bad companies should be allowed to fail and go bankrupt. We will then see a re-grouping of capital, manpower, and investors.
But wait—these bailouts won’t let that happen. They will continue to reward failure, causing merit to take a back seat, and allowing mediocrity to do a ballet of sorts!
Manish Bodani, online