Serial Bus

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Posts Tagged ‘General Elections

Congress Landslilde: India’s Lucky Break

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Indians in the western hemisphere woke up this Saturday morning to the dreadful prospect of Mayawati being sworn in as the next prime minister of India. That calamity has been averted. Most pundits had forecast another hung parliament in the general elections; so hung that the regional parties would play haughty kingmakers and a Congress or a BJP would struggle in cobbling together their patchy umbrellas called UPA and NDA. Such worries have proven to be unfounded, thanks to another exit polls debacle. In practice, I don’t see much difference between Congress and BJP today – though BJP sprang upon the national scene due to its pursuit of right-wing Hindutva and Congress traditionally espoused sclerotic socialism, both the parties have followed a centrist agenda in the last two decades in the matters of economy, national security and foreign policy. Most significantly, Congress introduced market reforms in 1991 and BJP kept them on course in 1999. So, at this crucial time in India’s coming-of-age when a global recession is gnawing everywhere, Congress’ decisive victory provides India what it needs most i.e. stability without melodrama – and for that reason alone, I celebrate this outcome.

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Written by serialbus

May 17, 2009 at 12:56 am

Welcome to the Stone Age!

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According to the famous Arrow’s Impossibility Theorem that I studied as an economics undergraduate, for all ranked preference orders, no voting system can simultaneously comply with the criteria of unrestricted domain, non-imposition, non-dictatorship, Pareto-efficiency and independence of irrelevant alternatives. In simplistic terms, no voting method can ever be fair. Another famous voting paradox, this time by Condorcet, reveals that a minority can be an agenda-setter by casting the deciding vote if two groups of majority are tied. These theories perhaps best explain how¬† a small regional party like Samajwadi Party (Socialist Party) can hold the development of India to ransom in the context of the forthcoming General Elections. SP’s recently-released manifesto promises, amongst other equally ridiculous things, to fight against computers and English medium education in India. Welcome to the Stone Age!

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Written by serialbus

April 12, 2009 at 1:50 pm