The Danger of Over Capital.
Few years back, I read some points of the book “Dass Capital” of Carl Marx. Since then I am very much aware about the dark side of “Capitalization”
The growth /development Mania is being admired everywhere but it contains needs of lot from people. Earlier, we had small businesses & small businessmen with their street-side shops. Now we have big malls, big retailers being run by big corporate, selling daily consumer items and killing business opportunities & new job opportunities.
So slowly we are entering in an economy of fewer businessmen & fewer entrepreneurs and more managers & more employees.
Where the danger is?
I remember an indicative case.
In Maharashtra, The municipal body of a town was not able to implement clean drinking water project for citizen to free them from clean water scarcity. The reason is that a mafia of that region was running business of water tank. Having turnover of some corers of rupees from his hundreds of water tank trucks running 24x7, He was actively lobbying for not to implement free flow of water to citizens from civic body. This is from single person!!!
Now imagine when corporate (the big size) companies in to picture to finalize the policies to safeguards their businesses, their wasted interest. So the picture would be like this,
The pharmaceutical company is more interested to sell more drugs than to promote good health.
The Auto companies are more interested to sell vehicles than to care for pollution & heavy traffic.
The banks are more interested to sell credit cards & undesirable loans than to care for financial freedom.
The media & entertainment industry is more interested in large number of readership than clear & next thoughtful society.
The schools & colleges wishes more pass outs to fill their seats than to provide educated literate output to the society.
The financial adviser, brokers, corporate banks etc. are more interested in selling revenue generated product than to provide value based financial literacy to investor.
The FMCG industry wishes to bulk more products in to the house of the buyer with free schemes ignoring what he really needs.
& this has no end…
A new wasted interest lobby is being developed. We call it as free economy where corporate growths are important. It comes from hard earned money of the citizens who does not have any vision for short or long term. He is helpless to needs & requirement of his own family members.
An individual cannot fight to this system individually. History says that it is a cycle of capitalism to communism to socialism and back to capitalism
An individual can keep himself away from all this hi-fi temptations and if possible he can jump in to this growth journey by participating / buying of equity faction. This can be possible for him by buying Equity Mutual Funds or starting monthly SIP in Equity MF. The only solution is to give time to investments and keep patience. One has to look for long term wealth creation rather than short term profit booking. Time cycle will turn thousands to lacs and crores in years to come.
Now, one has to decide whether to book profit short term for some thousand rupees or to wait and gain high returns of long term patience becoming some lacs or crores.
