Thread by @GastroOneIndia

#Adani #IndiaAt75
@ravikanths_
@threadreaderapp unroll

Problems facing the country.

Biggest problem facing the country is the concentration of wealth in the hands of few and their complete lack of confidence in the the economy going forward.

What has happened over the last eight years is that Modi has followed an agenda of making people poor (to make them dependent on the government and thus appear as their savior when giving free ration, etc.) and transfer the money into the hands of the rich.

Taxes have been socialized and profits have been privatized.

But this has had a bad effect on the economy. The purchasing power of the masses has eroded and that has led to fall in sales of products and services of the big corporate entities.

Faced with poor sales, they are no longer expanding or creating new business opportunities. They are using their ill gotten wealth to just buy anything that is being sold at a distress.

As consumption markets fail, the big guns become more conservative with their spending, after all which fool will expand when their existing production isn't selling like it was selling before.

Modi wants them to expand, create capacities, because he knows only that will create jobs and put money in the hands of the masses. But the rich don't want to throw 'their' money into a black hole that Indian economy has become.

Modi Sarkar can't give direct dole to citizens because it does not get anything in return immediately. When they sell or give concessions to the rich, they immediately get benefits of electoral bonds and money to the top layer of politicians.

With giving money to the masses no such thing happens.

Therefore, we are stuck in a vicious downward spiral. As the rich lack confidence, their expansion and spending is all suffering paralysis, this in turn is leading to loss of jobs, which in turn is leading to loss of income.

Loss of income is leading to loss of tax income to the government and thus is leading to rampant imposition of taxes on almost everything that can be taxed. And this in turn is leading to runaway inflation.

And this runaway inflation is leading to further squeeze on an already emancipated public.

But Modi Sarkar will not divert from the agenda of making people poor. That is the only way citizens can be controlled.

And it won't stop selling family silver because that is the only way they can get money from the corporate entities that buy these public sector undertakings for a song while paying hefty sums as electoral bonds.

The only way to reverse this is to start creating public sector units. But Modi Sarkar does not believe in creating anything, especially public sector units. Thus we are stuck.

Therefore the only solution is to vote out this government in 2024.

If we don't do that, the economic pain and misery will continue for the next five years post 2024.