Politics vs. ethics

Why do newspapers have such strong political inclinations?

There was a pro-Congress editorial in a local print about how the loan waiver is a glittering example of its farmer-friendliness. Now, I like the Congress way more than I will ever support a communalist BJP. But the loan-waiver is a very bad move.

Who is suffering here? I don’t know. Maybe the money, if invested in better fertilizers/irrigation/education, could have had better results. The government and the banks are surely not losing. The national banks that are going to write off loans, will be issued government bonds of an equivalent amount. That’s as good as money. If the treasury is doing well, government will liquidate the bonds and pay the banks. If it does not feel like paying, it will just raise capital requirements for banks, so they’ll have to increase their reserves.

Such an example of how bad politics reigns over common sense, and the right thing to do.

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4 thoughts on “Politics vs. ethics

  1. Papers and political inclinations?? This comin from the guy who wasted the best years of his life reading the Hindu, and writing letters to its editors. And I will use this space for anti Hindu propogande. The newspaper sucks. Its damn boring. It has no pictures of pretty women or ugly men for that matter. All this because it “prides” itself for its “content”. The Hindu has a simple philosophy, anything that the communists say or do is right! And the communists in India have a simple philosophy, anything that the Chinese say or do is right! So something somewhere is wrong. And joshi u wh*** start reading “Chandigarh Times” if u havent already. Stop writing about the ills of the world and make ur blog more readable. Add a little kink to it. It shall keep me enthused.

  2. hindu is so communist it makes lenin look soft. and even i hate its pro-china-to-death stance. and they’re changing, last monday it covered a hot model in its magazine.chandigarh times is boring and kink-free. yes. imagine a kink-free toi. what???

  3. oh ho ho…my pals, think twice before you dismiss ‘the hindu’ 🙂 yes, it gives you ‘content’. and makes the best sunday morning with a cuppa chai, with its bi-weekly magazine section. and i gives you shashi tharoor (though that does not make up for not having jug’gular’ vein suraiya :))of course, i really really miss b’lore times! for obvious reasons.

  4. batra!!! Start reading the times! The online version now that you’re down under. Shashi Tharoor writes in th Sunday Times too, only his articles are not better than bachi kakaria and jug suraiya

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