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© 2020 Relevant Protocols Inc.
A focused study group for the discussion of economics and economic policy.
32062 Members
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© 2020 Relevant Protocols Inc.
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"We have been talking of restoring and reclaiming the status of the Paradise on Earth in the Kashmir region. We have also been discussing the implications of the recent measures of the Lieutenant Governor for administrative reforms for enhancing delivery on the performance and introduce effective accountability"
"We have been talking of restoring and reclaiming the status of the Paradise on Earth in the Kashmir region. We have also been discussing the implications of the recent measures of the Lieutenant Governor for administrative reforms for enhancing delivery on the performance and introduce effective accountability"
"While these are being pursued, the realities of COVID19 are also here demanding the necessary urgency in responding to the crisis. In the context of International Political Economy, Kenneth Kaunda used to say that when two elephants fight, it is the grass who suffers; it is again the grass that suffers when they make love. In the case of COVID19 it is the grass everywhere who are under attack. In this context I remember what the Economists keep on mentioning – Risk. For the definition, let us leave it to the Economists – I should not dare to enter into the debate among Economists. But let us recall an event: “This has got to be the worst day of my life,” observed William Clay Ford Jr., Ford Motor Company Chairman, as he contemplated the February 1999 natural gas explosion in boiler number six that had just levelled part of the River Rouge powerhouse in Detroit, Michigan. The disaster killed 6 people and seriously injured 14, and cut off power to the 1,100 acre facility.” In the case of COVID19, it is a case where the risk to the life of Ford Jr is also involved. Like in the case of any risk, the reality is that we have to adopt strategies to take care of exposures and the consequences thereon. I must hasten to add that litigation is not an option to address the consequences for any lapse has the price of life to be paid; the unavoidable economic cost is the cost of life while appropriate pre-exposure care can sustain life. Still other character of this pandemic is that the persons affected can be of any class, any region, any profession (doctors and paramedics could be affected more adversely), any age, any religion, employed or unemployed and any sex. Still further, the response to address the potential exposures and consequences of any exposures do not make a distinction between individual and state, market and state, and individual and public. All the appropriate strategies are to be adopted by all – individuals and society, public and state, and rich and poor. Thus, the behavioural adjustments are demanded from all – state, market, individuals and society"
"While these are being pursued, the realities of COVID19 are also here demanding the necessary urgency in responding to the crisis. In the context of International Political Economy, Kenneth Kaunda used to say that when two elephants fight, it is the grass who suffers; it is again the grass that suffers when they make love. In the case of COVID19 it is the grass everywhere who are under attack. In this context I remember what the Economists keep on mentioning – Risk. For the definition, let us leave it to the Economists – I should not dare to enter into the debate among Economists. But let us recall an event: “This has got to be the worst day of my life,” observed William Clay Ford Jr., Ford Motor Company Chairman, as he contemplated the February 1999 natural gas explosion in boiler number six that had just levelled part of the River Rouge powerhouse in Detroit, Michigan. The disaster killed 6 people and seriously injured 14, and cut off power to the 1,100 acre facility.” In the case of COVID19, it is a case where the risk to the life of Ford Jr is also involved. Like in the case of any risk, the reality is that we have to adopt strategies to take care of exposures and the consequences thereon. I must hasten to add that litigation is not an option to address the consequences for any lapse has the price of life to be paid; the unavoidable economic cost is the cost of life while appropriate pre-exposure care can sustain life. Still other character of this pandemic is that the persons affected can be of any class, any region, any profession (doctors and paramedics could be affected more adversely), any age, any religion, employed or unemployed and any sex. Still further, the response to address the potential exposures and consequences of any exposures do not make a distinction between individual and state, market and state, and individual and public. All the appropriate strategies are to be adopted by all – individuals and society, public and state, and rich and poor. Thus, the behavioural adjustments are demanded from all – state, market, individuals and society"
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