I read on BBC yesterday that the richest 62 people in the world now earn as much as the poorest half, which would be about 3.5 billion people! Although there is some confusion about the methodology, it is clear that the wealth and income have been getting more and more polarized. The rich are certainly getting richer. Income inequality is more acute than ever.
One thing we need to understand about bailouts is this – those who get bailed out don’t really get any money. So it was for Greece; she did’t get any either. Where did the money go? To the rightful owners of all the money, of course, the bankers. I used to work for a bank, so I know a little bit about it, although my station in the pecking order was way below the billion dollar bailout levels.
Most people (who are likely to read this post) think of their financial station as middle class, so you might find it strange that I should say the middle class is disappearing. But the polarization in the wealth distribution of the world is very real, and it is visible at every strata of the society. I would like to convince you by anecdotes and examples before getting logical and formal about it.
Marshall Brain, as you may know, is the founder of HowStuffWorks.com and a well known speaker, teacher, writer etc. Although he wrote Manna as fiction, he was so certain that it was the way of our future that he actually patented the system he described (if memory serves). Of course, he was right. I just got this link from a friend about how fulfillment centers work — how do you get the same-day or next day delivery on all those mountains of things that you order from the Internet? Here is how. It is astonishing how similar this scenario is to what Marshall Brain described in Manna.
As you may have noticed, I haven’t been writing much in the last couple of months. It was because of one of my regularly scheduled writer’s blocks. When I’m blocked, I usually find other things to do, and convince myself that they are really important and urgent. One such thing this time around was a revamping of my blog backend. The original design was dated, and it really needed an upgrade. Or so I told myself and worked on it for a few weeks. If you are reading this post, you can see the fruits of my labor. And I hope you like it.
Once upon a time in India, there were three parrots. They were for sale. A prospective buyer was interested.
“How much is that parrot?” asked he, pointing to the first one.
“That’s pretty steep. What’s so special about it?”
“Well, it can speak Hindi.”
The prospective buyer was impressed, but wanted a better deal. So he probed, “How much for the second one?”
My primary degree is in engineering of the electric/electronics variety, which is why I can fix LED lights, for instance. I suspect an engineering degree gives you more of a theoretical understanding rather than practical knowledge. I mean, I’m no electrician. At times, I take on projects where I may have been better advised to call an electrician.
Recently, our maid’s instant water heater died, and some action on my part was indicated. Though an engineer, I have been in the corporate scene long enough to know that the right response to any action item during a meeting is, “May be by next Tuesday.” So I asked the maid to use my mother-in-law’s bathroom, thinking that I could postpone this issue to one of the future Tuesdays. But the maid, probably bound by some sacred ethical covenants of her profession, refused to do that. At that point, I should have called the electrician. But I foolishly decided to take a look at the prima facie evidence. The switch looked fine, with its indicator light coming on as expected, but the water heater remained intransigent.
When it comes to business development, branding etc., you have to look for discontinuities, think outside the box, and not be constrained by conventionality, geometry, optics etc.
Draw seven perpendicular red lines using transparent green ink. Using non-linear thinking process.
Everybody wants to be young forever. Of course, nobody is going to be succeed in that quest. You will get old. The next best thing you can hope for is to look young. If you have enough money, tricks like facelifts, BOTOX, tummy tucks, hair implants etc may help. Those on a budget will have to content themselves with delaying tactics like hair dyes and gym memberships in their battle against the ravages of time. This is not too bad; I’m in this category and I think I have managed to stave off about five years.
A few years ago, I had significant income from online advertising because of my networked business model that worked extremely well at that time. At one point the ad serving company decided to cancel my account because some sites in my network violated their terms and conditions. They told me that they couldn’t pay me for the last two months because they had already refunded the money to the advertisers who were outraged at my T & C violations. Mind you, it was a small fortune. But a couple of months later, they decided to reinstate me. The first thing they did after reactivating my account was to pay me my outstanding balance — the money they had “refunded” to their disgruntled advertisers. I, of course, was quite gruntled about the outcome. But the joy didn’t last; they banned me again a month later.