Warning: This article may contain jargon, so deal with it. Remember, you were warned.
Disclaimer: Mockery towards a political party or entity does not mean support for its immediate opponent(s).
I briefly mentioned in my previous post how adept we Indians are at the blame-game. I’m going to focus on one of the blame-games that we play: Ask any man why the economy is in dire straits, and (the odds are pretty high) he’ll say it’s because of the ruling Congress party. “They screwed it up bro, I’m going to vote for BJP next time”, is what you’ll hear. Ask people from the Congress party (Many thanks to Arnab Goswami there) and they will say the holy words ‘external factors’ or simply ‘back-blame’ Indians’ undying penchant for buying gold. Are these really the correct reasons? In this post I will focus on answering this question.
I’m sure there are two questions, broadly, that remain ambiguous in our minds: (1) Why should we not buy gold? (2) What are these external factors that are affecting us so? You’re right. In a free market economy, we should be allowed to buy whatever we want, no? And apart from that, we have a right to know what these holy external factors are, don’t we? Continue reading