Saturday, December 31, 2011

Between Superficial and Artificial

I am a member of cohorts who can recall past to overrule this "Between Superficial and Artificial" to "Between Truth and Lies". Unfortunately a lot has changed during two decades. Truth has changed to Superficial and Lies are totally Artificial (meaning lying refer to total innovation, not touching reality from far). Before I go further, I should define a "Lie" more. Lie can be a total new creation, but it can have some element of reality. A gossip for example, can have roots from reality but with passage of information from person to person, it can be corrupted.  The time has come where Truth is analyzed and located only Superficially and Lies have no roots from genuineness and it is created from total falsehood - the time which was predicted by Abrahamic religions has come: "All the truth will be seen as lies and all the lies will be seen as truth" which refers to spread out of total falsehood in humanity. All kinds of vulgarity is now seen as "Freedom of Expression" and all kind of practices attached to one's belief is seen as "Extremism" and calling the names of each other's ancestors has become a common practice. 

One good example of such falsehood or misinterpretation of information is the attack on Iraq on the basis of a totally fabricated news regarding WMD resulting the loss of thousands of lives, needless to mention the loss of other related things. Who has lost or who has gained is yet another argument and I don't want to indulge into that but point is that there is a new form of dissemination of Artificial and or Superficial Information termed as "Media". You can disagree on the point that media was ever unbiased- no it was never unbiased. I have seen highly government oriented news bulletin but now it has taken another direction. In the following discussion, I will try to clarify my point regarding the dissemination of false information by media and resulting into the common man's misjudgment about others. A good is interpreted as bad and bad as good--Thanks to the media. In one of my earliest blogs, I wrote a 180 degree turn regarding the image of present President of Pakistan Asif Ali Zardari cleaning him from all the corruption charges and yet after he took Presidency holding back the previous position of considering him "The Most Corrupt Person of Entire Pakistani Nation". The image alteration came for a very short time during the election time period and as "some hidden powers" would have decided to elect him as next supreme power of Pakistan and when that happened, they worked on next agenda to tighten the rope around his neck so that he never commit any disloyalty from their set agenda. Thanks to Media. This is just an example from Pakistan, but I know countless other examples from other nations. 

In my previous writings, I was discussing about the scarcity of role models amongst nations; and media portray a very negative image of some popular tigers. Now it involved some such personalities in their dirty jokes, false information and baseless claims that according to some learnt persons have had all charismatic traits to qualify them as leaders of a nation. I can quote examples of mockery of such people who have been highly praised among their nations. A person who has been glorified for last 1400 years, now I can see images, text and false information, ruthless madness and all efforts to deprecate him.  Same holds for his counterpart yet 600 years elder than him who also has been humiliated in every possible way. This all causes anarchy and frustration. (These two most respected persons are Muhammad and Jesus respectively). The people who have been admired for centuries, the true leaders as we believe them  to be the savior of humanity are being confused as foe and enemy. All goes to media - Freedom reaching the abyss of ignorance. 

Any successful society is based upon justice, equality and keeping balance. Any society deviating from the above things are likely to collapse in very near future. Abusing my father and expecting me to consider it as freedom of expression is a total non-sense. Secondly, blaming someone without having an adequate explanation and good faith is also biggest of all crimes. This is what happening in today's world. I guarantee if Mother Teresa was alive today, she must have biggest corruption charges against her. Take for example the campaign led by Anna Hazaray in India and how his fellows are facing biggest charges of corruption. This wave of defamation against them surely would not have erupted had they not put their hands into this fire. 

Although, today's media is abusing any popular figure whether good or bad but there are some elites who are somehow respected and their character defamation is considered as a crime. We must reckon upon the traits of people who have been admired and respected in today's forged world. We may find them disobeying laws of nature, spreading bloodshed, hatred. Are they worth calling a leader or respectable? Do you think a leader sleeps in palaces while leaving the rest under open sky? Do you consider one as your chief who has a high protocol saving his own life but opens up all kinds of threats for you? Is it a trait of a captain to stand last in the queue of a dying force. NO!!

I emphasize the importance of point that nations have not stopped producing leaders, they are there but unfortunately they have been confused as your enemies and your enemies are hidden in a veil of friendship and leadership. People are desperately waiting for a savior, a leader but they are dispersed and confused who to trust who not to trust. Good is seen as worst and Worst is seen as Better. All credit goes to Media.

I do not say Media is all a crap. They sometimes highlight those darkened areas in our society that would otherwise remain unnoticed. But this comes at a cost. Showing facts does not mean intruding into one's personal space. Most of the times, our Media goes too far and start to unveil the parts of one's life which he/she otherwise would not like to disclose. A personal space is a fundamental right of everybody and depriving one of this right is another big transgression. Sometimes we like our superhero but then Media presents such hidden fact of his life that we are forced to dislike him. 

The consequence is that the world is standing on the verge of destruction as a result of misunderstand and making abrupt judgment about people. People ought to judge you on the basis of your background and color which is the most abhorrent thing one can do. I can recall that once after a rigorous running to catch the train, I missed that so I immediately went to Information with a query. For a second, I jumped into a wrong place thinking it as a queue but realized my mistake in just two seconds. When asked a person about the correct queue, his reply was astonishing. He blamed my religion and country for this accidental and impulsive mistake. I went into a total shock. Another incidence occurred when I took a wrong way for entering into a tram. This was my first time taking a tram and therefore I should have been forgiven for that but instead the TT abused my country. At both instances, because I didn't see a connection for accusing my background for such faults because even if did that deliberately, I did not learn such law breaking things in any of the constitution or a religious book :) These were just two small examples while there are a couple of such things with greater intensity. How could people pass judgement on me while they never met me? Its the magic of media that can surely tell you who you are while you yourself don't know those facts. I don't say those who share the same beliefs as me are totally free from this kind of emotions. I would regretfully acknowledge the fact that we are as or even more corrupted in our thoughts than any other person belonging to a different group. Yes it is true. 

As long as we keep on passing judgement on people without digging for truth, we are very likely to astray and then we will continue led by individuals similar to those ruling us now! As long as we are moving between the two ends of superficiality and artificiality like a pendulum, we cannot reach the reality and then no movements, calls, revolution will bring the results. And the deprived masses of society cannot develop the real spirit necessary to make reforms- we continue to go inside this abysmal. I do not make any conclusion as you might be expecting, my point was to bring to light one of the forces responsible for hindrance of our Advancement- Humans are growing but humanity is getting scarier and scarier - exponentially! 

Friday, December 16, 2011

The Wall Street Magic

Perhaps the other name I could think of for this blog was the "Evils of Joint Stock", but I knew in that way I could not attract attention of my readers so I used my naïve business knowledge to market my blog. Few hundred years ago, our poor (deprived) man was fighting with his destitute state and suffering. You may ask "Well he is still suffering today", what point you want to make? Actually few hundred years ago, he knew he was suffering but today, this poor man is intoxicated with hope of becoming a billionaire like Mr. Warren Buffet. Whatever Mr. Buffet (with all the respect) says become part of syllabus of Business Students and remembered and respected as something heavenly. His dictum may motivate any penniless or indigent to strive and succeed. I have nothing against him. I was talking about the destitutes who were undergoing lots of distress during the time when a capitalist had money and all the resources. Those who had no money were depending on the resources provided to finance their subsistence by this capitalist so that he and his family could survive. In return, the capitalist had designed an excellent "Financial Model". According to that model, he was not only able to get back his principal, but the return was more than the money he had "invested" in that family and they remained slave for their entire lives. This slavery could last for centuries, so if your great grand father had taken loan, it was likely that even your kids could not be able to pay it off. The markup for such an amount was obnoxious. Yet the long for wealth of this capitalist was a never ending thing. Who amongst you consider this guy to be smart? His offspring proved to be smarter than him. 

When it was smelled that this system is going to collapse and there is a better alternative to keep their rule on the wealth by depriving masses of whatever they have. The concept of "Joint Stock" was therefore created. This reversed the role of Financing and Financed Party. The poor man who had been victimized for centuries was given a very lucrative deal. "We have been financing you for a long time and in return you have been paying us the interest - Now you are going to finance us and we will pay you the return". This naive guy was astonished. Now I am going to be the owner of resources and now its my turn to take revenge, I will be rich, time is mine. He could not realize that this financier whose elders were so smart, how their offspring can design a system that goes against themselves. While the earlier Joint Stock could be traced back in 1250, this phenomenon strengthen its roots in nineteenth century and finally specific legislation was introduced in 1844- the so called "Joint Stock Companies Act 1844". 

Usually any business venture is financed by two sources; Capital (belonging to the owner) and Loan. Small lenders were asked to be owners of a big company by buying shares. In their very small chunks, these small capitalists developed the foundations of big sometimes multinational companies, they could never dream of owning. In other words, they were the financier of the companies ventured by the wealthy & smart. The Financial Model working behind was: the owner will have the last priority in case the business fails; Fair Enough! There were other so called Micro Economics phenomenon introduced addressing the Moral Hazard, Information Asymmetry, Principal Agent Problem, whatever that could satisfy those investors. But in reality, everything was standing on a bubble. The provider of the loan had the largest priority of payback when the business was diluted. So wealthy remained wealthy, because the model was designed by them. They had a perfectly designed - the most optimal financial model so that when the company remains in profit, they get the highest return and when it fails, they get (at least) their principal, to pack up and start another venture.  

The Occupy Wall Street is a cry from those victimized by this model. Do you think this model will survive as it is or another innovative model will be developed increasing NOT BRIDGING the gap between Rich & Poor. Do you think this Occupy Wall Street will help and some revolution will take place moving the resources towards the deprived people, or what else do you think will happen. I reserve my comments at this moment for another time. But my researcher husband must have found his hypotheses here. 

H1: The person who lends in a joint stock is richer than the provider of capital (Bond holders vs. Shareholders)
H2: The probability of failure of a company whose lenders are richer is higher than the probability of failure of companies where finance comes from poorer sources. 
H3: .................................................................... (I know he will add up something here). 

Thursday, December 15, 2011

Coming back

Hello readers,

I am back into my blog world once again! The reason for temporary distance from the blogs was not that I had nothing to write, or I was too busy, or I didn't have enough motivation to put my thoughts into words. Strange enough, There are so many things going on in my mind that I feel injustice to write one while ignoring the others. World is changing rapidly, every second brings up an issue, perhaps serious issues have become part of our daily life. We all know the world is digging into a great depression, Euro is on Artificial Pacemaker, Occupy Wall Street is another buzzword of economics, governments have taken heavy debts and in an attempt to save them from sovereign risk, those countries are given lucrative bailout packages and everyone knows this won't help in the absence of "Growth". But hey, where is growth? To me, it looks like all the money is sinking towards Arms Industry, Cosmetics and Health sector! We humans know each and every way to kill each other. Suffering from self-obsession, we know "I am the most innocent" but each one of us has a contribution in taking our mother earth towards doom. Funny thing is that whenever we have a recessionary trend in economy, money is pulled out from "Education" while no nation is willing to cut budget on "Defence". Which defence? We all want to defend ourselves and in that attempt, we forget that others also have equal right to survive. In that respect, I find no discrimination among East and West, rightists or leftists, Americans or Africans. We have become brutal animals eating the masses of each other and trust me no one can escape from the consequences. Previous centuries also marked with brutality and cruelty but there were heroes! We remember them with respect and pride but now no one seems to be a hero. That's the difference. And hence our well-paid policy makers cannot help us because we need help from "Masses" not them.

People say its a war between the nations, but I don't see any nations. We are all a single nation in the world. No nation is different from each other; of course, we differ in color, names, religion, language but we all are short sighted, mean, superficial, material, cruel (Please add all the negative adjectives here). Yes we are one! All of the affluent masses are the same. The gap between rich and poor was never so large as it is now, and I am not talking in terms of their economic standing. We are a step ahead of those times of slavery! When I put a glance over those economic indicators going up and down, I feel a desperate need of some social measures depicting our mental state of sickness and I am sure, our affluent state is digging our own grave.

Now let me come to those who are really responsible for all of this mess. Earlier, I was talking about the heroes that we don't have anymore. Nations were proud of their saviors and now you will see people make dirty jokes about their leaders (who were supposed to be called heroes). Social media is busy developing millions of jokes a day about those big respected names, and there is no nation willing to accept their ruling parties. The history of world is evident that heroes do not come with full stomachs, gold adorned, accompanied by attractive female army, graduates from top business schools or any material things. They come out of hardships, they are polished with grieves, they are decorated with pain, they are shined with hunger and their excellence comes out of blood. No big man is created in the most favorable circumstances. The problem is that those small people (living below our so called poverty line) have stopped producing those big heroes. Our poor man does not bother to change his state, if his children are bombed by a combined force of 28 states, he will cry in himself, he does not have the courage to speak for his rights. God doesn't help those who do not want to help themselves. I don't hold responsible the greater nations of this world; as long as those weak masses keep SPOON FEEDING the richer, their lust will keep growing. Even God hates those weak people who have no desire to change their state. 

God has designed the economic system of this world in such a way that if money is not circulating from Richer to Poorer, it will start to PERISH. We are in a similar state. In my following blog, I would like to write about a cancer called "Joint Stock" and how it created a hole in the pocket of this world. Our world at present is in need of an Economic Reform supporting not pulling out the roots of people. I cannot even hope for something good because I don't see a spark in the deprived masses of society. Till that time, no redesigning or reformation will take place-- for sure! But system is close to collapse and approaching its end with an exponential pace.