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Showing posts from April, 2021
Democratic Enslavement – They Voted for it.....Eew bought it! Prasad Rao, MSc, MTech(IIT KGP), MS, (PhD PennState) Energy, Environmental and Mineral Economist Evernote: gprao  For centuries immemorial, Religion held a vice-like grip on masses. Families led a sedate life, growing children and corn, interrupted either by pestilence, or the curse of religious and territorial wars. Then came the Industrial Revolution, followed in the centuries after by, on one hand, Democracy, and on the other, the Nominal economic paradigm. The rule of Democracy found a ready and willing partner in the Nominal paradigm that extended the Industrial Revolution in to a technologically-progressive society. Technology alleviated the living standards of the masses as Productivity and Income gains permitted the Society to enlarge sustainably. All seemed well between the hullabaloo of Elections, and Bulls on the Market street – Religion incantations notwithstanding!  Then came the Technology Overdrive, a...