An Intimate History of
BOOK XX
Capital,
(Reading of
Footnotes obligatory)
Self Re-connecting the narrative timeline:
Within two months[1], I
would complete six years [2002 – 2008] of living in
Like few previous AIHB books, two
books have triggered this book. One is Mark Tully’s most recent book – The Unending Journey of India and the
other written some four decades back – Binoy Ghosh’s মেট্রোপলিটান মন, মধ্যবিত্ত, বিদ্রোহ (Metropolitan Mind, Middle Class, Rebellion). Both the books are collection of
essays. Authors of both have been observers-in-situ of the culture / community
they are studying. Both of them, having quite different backgrounds share a
profound disgust of certainties of any sort. Finally – both write a prose which
is authentic, full of gravitas yet not archaic and occasionally reflect poetic
qualities.
As the title suggests, we are entering into the Age
beyond the issues of Singur-Nandigram
in the history of
Seven years back, while planning the AIHB content, I
had thought of a Book called The Sparkling
Consumerism: Bengal and Free Market (2002)[3].
This was never written and hence not released. Because after seven years,
situation had moved in different directions than what I anticipated. It remains
the endeavour of this BOOK to tell those departures and diversions,
circumlocutions and circumcisions, of dashed hopes and emerging characters.
Capital and the
Babur, the great empire-builder was operating at a
time when there was nothing called merger or acquisitions. Hence M&A experts
and their great clients can feel little sad that this man from a small village
in Central Asia controlled a large segment of India – Gurgaon and Noida
included, only some five centuries back without any amount of so called friction or agitation, trade-union etc. He was not dealing with any real-state
boom or high cost but was the personified symbol of all the real-estate of the
land. He has mentioned about Bengal in his Turkish chronicle –
Let me come to the point straight now. What is the
entity which is in excess (in relative terms with regards to timeline, say some
thirty to forty years) right now in
Let us put the Law
of excess to the field of intellectuals, social commentators and people who
create literature [6] in
Contemporary Bengal. Previously,
As we look at
Contemporary Bengal, people who are at the forefront to manage these processes
and are paid to do so are politicians (democratically elected – most likely in
a fair manner in the technical sense) and their principal ally is Capitalists
of all denominations and of all nationalities. Most politicians have in their
team a MBA equivalent who are called IAS officers. Capitalists mostly deploy
MBAs – which might also mean Man becoming
Ass[10]
in context something more than the hilarity of it. The core function of MBAs is
to manage their capital most efficiently as well as minimizing all friction of
that movement. It is not my intention to question their competence or intention
and I check my temptation, thanks to Gibbon who had informed that men much
worse than the present ones, even a horse or bear could be the Roman Emperor[11]when
MBA in
I
forgot where I read a beautiful term – semantic
deception which lies at the heart of making a survival-ready MBA of today.[13]Semantic
deception means an artful way, marshaling all cognitive, psychological
knowledge to tell something which in no way means what it is being told.
Example: Lowest 3.77% interest on your
card. It implies a whopping 39% per annum interest. The 3.77% is per month
and without taking into account cumulative interest, late fee etc. This is
deception and the purpose is to entrap and then making the exit cost higher and
higher.
Collateral Damage of the war has been high, says Military spokesman – means some bomb
either deliberately or erroneously has gone off-target or killed civilians.
The strategy is to make a win-win situation for the
investor and the people who lost their cultivatable land – implying eviction but the sentence marshals all the
theories about strategy and game theory to tell something which has been going
on since the Mahabharata.
Second trait that has been hammered is to practice a
kind of moral apathy – an imbecility which projects a great smokescreen to hide.
Contemporary MBA in India fights, in one hand the great inferiority of earnings
and orderliness of living compared to their counterparts in developed (i.e.,
not emerging but emerged) world and in other hand the Government functionaries
who are mostly IAS who control, by proxy the levers which provide the key
drivers of growth and profit: land,
labour and environmental laws and policing. Indian Industry (meaning those
who are of Indian Origin but now buying companies abroad as Western Capitalism
has entered its somewhat latent phase of distress selling), having more
experience in dealing with the Indian situation (and its completely
subterranean undercurrents which no foreigner knows and none will know until
they will lose their soul) is divided in its opinion to tackle this challenge.
A part of the industry believes that MBAs will win the fight with the IAS and
they don’t value the connections of these that much and hence don’t try to
recruit these officers. The other hand believes on their value quite a lot and
gets them into their corporate board. A decade ago it was rare, virtually
non-existent case of a senior IAS officer joining a private enterprise. Now its
routine and in that way, MBAs are becoming bosses of these IAS officers. The
incentive for the IAS is better pay, more autonomy and having a course
correction in career.[14]
Another trait is more through training – of acquiring
the incredible ability of speaking confidently on something completely unknown.
This is called, by the leading Management Journal Harvard Business Review as
Smart-Talk Syndrome (STS). STS affects almost all successful MBAs. In all other
professions before MBA, people learn through the simple technique: Hear One, See One, Do One. Argumentative
My
As
I told in my previous footnote about my mentor, this paragraph has come, thanks
to his help in unlocking my block that I suffered before this paragraph. Now,
my mentor is the panwallah whom I
knew for last six years. The beauty is this that he does not know that he is my
mentor. Since there is no such awareness on his part, our relationship is free
and learning channels open. Two years back, in one fine April morning, he
revealed as my
While I write the extract of our
discussions[17], I am
little concerned whether I would be able to retain his original flavour. But I
will surely try. The striking issue is that of the directness of them and since
he looks life with a devastating directness, I am all the more concerned
whether my educated and cultivated language
would communicate this aspect of the dialogue.
Question 1: What exactly you do in your huge, nice offices day
and night all the time? I mean I sit here, in this dokan – sell all these and talk with you people. You must be doing
something different? Since I did not study much (and you people did), please
tell me some stories about your job.
[My response: I do lots of things but it will not make
a story. It is mostly like a same story repeated each week. Since this boredom has become a habit, I don’t feel
the boring part of it]
Question 2: I find most of you all the time very busy. Can’t you
tell your wife or friend to do your job for some day or say some hours while
you feel that you would like to do something else, say having a day-time nap?
[My response: I can’t. The job is mine and mine only.
It can neither be shared nor distributed except to those who are under similar
contract of me-mine]
Question 3: Have you ever thought what is the reason for your
salary being so high compared to other people?
[My response: Sure. I have worked hard. I have been
such an intelligent and smart fellow]
Question 4: Why do you seem to talk over mobile all the time and
mostly you talk about office, pressure etc.
[My response: Simple. I have been such an important
and needed person for the world and time being limited; I do a great sacrifice
by giving my time to the benefit of my organization which being global is a
gift to humanity]
Question 5: In spite of having all such gifts of life compared
to most people – good education, high salary, good car, why you are not that
happy as I could make out ?
[Who
said so…? I am quite happy. I even attend some yoga classes to gain happiness.
My God! I am late for my yoga classes for today.. I have to hurry. I am getting
late. Now, I will have traffic snarls and I am getting late.. Exeunt to Yoga! ]
Question 6: What are the things you plan to do after, say 15
years?
[Once
my EMI payment for the flat gets over, I would relax. But before that I need to
earn money to get my son educated, all other commitments. ]
Question 7: What is an EMI?
[This
is monthly payment for a loan I had taken for the house and the car as well as
for the furnishing of the house.]
Question 8: Oh.. You mean this is a loan and you will pay for next
15 years.
[Yes.
With interest]
Question 9: But why did you take that loan?
[What
a question..! Simply because I did not have the money in my closet to buy this
posh flat]
Question 10: What happens if you don’t pay the loan?
[
I will be thrown out of the house ]
Question 11: Do you have another place to stay in the city ?
[No…]
Question 12. How does this people who give loan decide whom to
give loan and how much ?
[From
the salary they get from the place where they work. Like me – who work for a
large and big company, salary is high and hence they give easily ]
Question 13 : Oh…I understand… You mean they think that you will
go on earning the same money for the next 15 years…
[What a fool…! I would grow, become a CEO
within 15 years and then this will be peanuts for me. I will earn much more]
Question 14: Ok. You mean your company has given you a guarantee
that you would go on earning like this for next 15 years and you will become a
CEO after 15 years..
[
No… How can a company do that ? Its competition man.. Its drive, energy,
intellect, connection, economy – all that are dependent. Its not guaranteed]
Question 15: But didn’t you tell that you gave the same guarantee
to the people who gave you loan that you will pay the same for next 15 years?
[Yes.
Sure. What’s the problem? I am young, confident and intelligent. I would surely
grow. ]
Question 16: That is for sure. But you see, Life is uncertain. If
something goes wrong, is it wise to give such a guarantee from your part – one
person only whereas a big company like yours cannot afford to give such a
guarantee?
[What
an idea! Can the company remain competitive if it goes on giving guarantees
like this? I don’t work in a sarkari
office, my dear fellow]
Question 17: But pardon me, I know very little. But it seems to
me that your best job is in a sarkari
office where your job is at least guaranteed. ]
At this point, I was almost going to loose temper. I was
getting very angry at his hint of pushing me into the deplorable, inefficient
and sloth-like Government employee. In a split-second, finally the MBA training[18]
flashed and I reasoned – He is talking of guarantee
asymmetry. My company has never
given any guarantee of my employment and the income thereof
(
instead I always lecture my people that jobs are not guaranteed anymore, its
winner takes all) and I have given a guarantee
to the Bank that I would continue to pay-up the EMI for next 15 years
without fail and in case of non-payment, I have signed an irrevocable mandate
that the Bank reserves the right (legally and can be enforced legally) to evict
me of my 9th floor south facing luxury flat and to sell to someone
(may be the ugly fellow who is my competitor in my office) to recoup the
loan.
I spent a sleep-less night and was
very concerned about the asymmetry issue. I discussed this issue with my wife
(a working woman – we don’t have kids as we plan to settle and then have one)
over a weekend on this, secretly thinking that she might say something that
will lighten this sinister situation. She, being a risk-analyst for a large
corporation told me – matter of factly – yes, there is some risk. However, your
risk gets much lesser under three conditions – I continue to work for next 15
years with income appreciation, we
continue to live in this city for next 15 years and we don’t have extra
financial commitments and also – we don’t get separated in these years.
‘’What about our child?’’, I asked?
‘’ That complicates the matter. It means that
I will be out of work for sometime at least and also – we have extra financial
commitments.
I have been trying to discuss this asymmetry paradox
with my friends and colleagues in a more objective
manner (i.e. not disclosing that this is my concern but as an intellectual
problem) and the result has not been very encouraging. None told me that my concerns are without
basis but all told me that saab theek ho
jayega, yaar Or baad me dekha jayega. But, this baad
or future is what I was concerned about. Will I see the future or the Future will
see me?
Few weeks after this dialogue with my
Suddenly, in the shabbily dressed father in the park
without any branded clothes, not surely a MNC employee like me, I found the
face of my school-teacher father of the small town morphing. Then,
it struck me – my father was having two children – a family of four while he
was of my age. He was a Government employee. He used to house a family of four
in a tin-roof house and it has been one of the great misses of my life of not
sleeping in a night while it rains and the sound on the tin roof. We played not
in the park but in the uthan of the
house.
I, after quarter of a century, in the same country, I
earn his two years income, perhaps in a month. That enables me to live in this
metro-polis in one of the luxurious apartments. I drive a car which my father
could not see even in a movie. I travel to places on regular basis which my
father used to read me in books – Europe
Yathrir Diary. My father, in the evening, after work, used to play with us
first and then to his bridge-party. I play, if I do at all with the latest
video games.
Dream within a dream[19]
All the events of the previous chapter, as you might
have anticipated by now were a dream, after all. Interestingly, it was a dream
within a dream. As I awoke, my power to verbalize returned and I could see how
defenseless I have been in my dream. After all, it’s the consumer spending that
drives the economy, leading to more money flow, more credit and more income.
Women are not supposed to be housewives, chefs, or baby-sitters only. They need
to join all walks of life and only economic freedom guarantees the true sense
of freedom as we understand. It is stupidity to compare one’s mother with one’s
wife. Children need to be planned properly. Don’t get romantic about the past.
Remember the increase in the cost of living and improvement in the Quality of
Li….
Before I could say quality of life, my mobile rang. It
was one of my colleagues telling – Sorry
to call you so early. Something very serious has happened. Ajoy, you know the
guy who has been the growth driver in the last mega project has suffered a
heart attack and is in a hospital. By the way, company has put him in the very
best hospital and best doctors are treating him.
Contact Editor-at-Large Pritam at wordsmith.bengal@gmail.com or at +
91 9748289580. For previous books, please go to the index page here at AIHB Preface
[1] This Book in a way is to celebrate the on passing of the most recent writer’s block. I could observe that as and when I suffered from the block of writing, another channel opened – which is disinterested reading, i.e. reading without any purpose – 12th January 2008.
[2] I made frequent visits to IIT-Kharagpur to meet friends and also to breathe in a spread-out campus environment at a cost of INR 42 – to an fro in a local train from Howarh. I meet Management students and from their talk, I find that most of them are naïve and un-informed about the real work of these i-bankers and investment institutions. Quite a few have told that they are least bothered what they would do but you see, Sir (you stupid, poor idiot) there is lot of money. I would like to believe that I have landed into some particular cases and this is not the general trend.
[3] The Link is still there, only its dead – there is nowhere to go by following this, only a bent and floating arrow over the blue words.
[4] Outbound
Capital was siphoned off since 1757 and as it was argued in the second book –
this surplus was the venture or risk Capital of the Industrial Revolution of England
in a significant proportion. Another was from the Krsihna-Godavari basin. No
wonder why East India Company chose to have their Trade posts in
[5] I
remembered some quote of an English observer of
[6] A note of caution: there are two types of people who create literature. One type create this just like we play street cricket and another type write for a market in mind which has nothing to do with literature. This is the world of foreign publication, foreign readers and a minority of domestic readers. Time will bury them as it always did.
[7] Prof Amartya Sen included. One of the last representatives of the fractured Renaissance of Bengal. But his comments on the Nandigram etc tell me that due to his quite frequent visits, post Nobel prize, has also made him contract the the virus of excess of the land.
[8] ABP and ToI
[9] Chandril Bhattacharyya in ABP
[10] I had courage while I read, via Mr. Tully the prescription of Mintzberg – a great authority on Strategy on MBAs – they should have skull and crossbones in their forehead telling that they cannot manage. This becomes a self-crticism and self-analysis as well. But as Vedanta tells us, its is only the awareness that distinguishes a sheep from a lion – so this awareness might benefit me someway – or may be in the next birth.
[11] This is
the reason why I get amusement while I find comments on the President of Pax Americana but condone because who
knows the past smiles a weary smile on the present.
[12] I had
to once meet one of the petty officials in SDF building at
[13] My letter of brotherhood to all those MBAs or those who are in the making that retain their critical faculties intact and suffer continuously on moral grounds. Also to those who after a decade of experience in industry find themselves questioned by imbecile-MBAs – Where is your MBA? Also to those women who cannot have children or have to enter into a soulless marriage of convenience, having undergone the process and the campus selection. My advice: Read Handy’s The Empty Raincoat.
[14] Read more
on this phenomenon in BOOK 19 where I pose this question: Why does a senior Police Commissioner in
[15] Wordsmith Communication – A language and cultural consultancy.
This has been my attempt to earn my bread and butter
and support a family of three in
My mentor – to my surprise initially but now as simple and natural as warm sun in winter morning - the roadside panwallah, my service provider for 0.002 ppm of gaseous nicotine. I would share my mentor’s teaching in some other book. He needs a complete volume.
[16] I was informed that after the Beatles spilt, it seems where the partners and later wives of Lenon and McCartney might have had under-cover roles, McCartney used to call Lenon’s wife not by name but ‘it’. A kind of verbal de-personalization and de-humanization. I use resource instead which MBAs deal everyday with and hence they wont feel any hurt while being bracketed there.
[17] I am not forgetting that in most of Socratic dialogues, Plato is the major tone. But there are exceptions. The Gospel of Sree Ramakrishna by M
[18] Same thing I remember happened to Siddartha in Herman Hesse’s Siddartha – the sound of Om while he was going to commit suicide.
[19] One of
the greatest leaps of much maligned and criticized modernity and post-modernity
has been their attempt to weave dream and reality into a seamless string of
consciousness. The tradition started
with Baudelaire in 1857 in