Thursday, October 20, 2011

Occupy Wall Street movement and India

When the movement against corporate greed marked one month I was thinking about the Indian scenario. On October 15th 82 countries showed their anger to the corporate tyranny and supported the movement; but none in India. Is it because we don’t have too much of greedy corporate or we are not yet under their octopus hands?
I think the reason why Indians didn’t have to worry about the Occupy Wall Street movement is the following things.
1.    Banking is not a fully privatised sector- one of the main reason of the ongoing protest is the anger towards the banks in America and Europe which loot people. Indian government is still keen on keeping banking to public sector and thus protecting the public interest. It was also one of the main reasons that kept banks safe from recession.


2.    Tata and Birla or the angel corporates- you may wonder why I put a point like this. But just take a moment and think about the two companies. As we all know these are the two Indian corporates that’s been there for years. They always kept their tradition and the Indian heritage of Charity which compelled the other corporate who emerged in the 80’s and 90’s.

3.    Indian government policies- India has always been a country of values. Still in some ways or other we try to keep it with us and hand it over to our coming generations. Our government has recently brought an idea of making CSR compulsory of all corporate companies. Such an initiative will surely persuade the companies to look at the society from which took all it resources. Giving that society something back will certainly make the common man happy and it will cater the poor with his basic amenities.

No comments:

Post a Comment