Saturday, March 31, 2012

Hospital - Day Six

If last night had been taken as a yardstick, we would have something real to worry about. Anju and I stayed with Daddy and much to our surprise he did not sleep a wink through the night. In fact, I don't think he even batted an eye-lid - such were his nameless anxieties. He was constantly battling fears that must have been swimming through his consciousness. When I repeatedly quizzed him, he pointed to large water-body (he was looking at the ceiling) or non-existent slope that was threatening to take him down or his wet feet (they were wiped repeatedly) or his desire to leave his bed to visit wash-room.....

So, Anju and I took turns to stay up, and by the morning we were puzzled and worried.

The day has turned out a whole lot better - in fact the best so far. He has stayed orientated through the day, rarely slipping back into the silent reverie and state of palpable anxiety. He stayed engaged with Mummy, Neeti, Sunil, Anju and me. Later in the evening, he surprised all of us by informing Punam Bhuaji and Vikky that he has had knee replacement operation! This is the first time he has acknowledged this fact.

He responded well to physiotherapy exercises, though it must be said that due to his lowered levels of situational awareness, he has not been able to stand on his own (with the help of a walker), much less walk. To that extent, he is behind schedule and may not be discharged on Monday as planned by the hospital.

As I said, the day was largely a happy one and I am posting a few pictures to share some of those moments.




     More tomorrow......

Friday, March 30, 2012

Hospital - Day Five





The day began on a cheery note and has largely stayed that way.

Early in the day it was decided to bring Daddy out of the ICU and into his room in the hospital. We had hoped that getting closer to all of us and to 'reality', he will move out of his disconnected state.

That came true when he returned and the accompanying photos tell most of the happy tale. He began to crack jokes, discuss politics and appeared back in form - except for a slur that is the legacy of days of sedation. After lunch he slept well, entertaining Mummy, Neeti and me with his snores.

Later he again appeared to go back into the shell, making us worried. Sunil and Anju arrived late evening and he cheered up again.

Incidentally, he also sang four songs for mummy - and as I was telling her, it was terrific that he always got her name right while singing those romantic songs!



   He was put through a bit of physiotherapy today and he took it well and without any visible discomfort. Tomorrow is an important day - he will be made to stand and even walk.

More tomorrow...

Thursday, March 29, 2012

Hospital - Day Four

There has been a perceptible improvement in Daddy's condition. He is recognizing everyone better and slipping back into 'ICU Psychosis' less often. Having said that, the progress has been slower than our anticipation and as a result we have had to push the day of leaving the ICU by 24 hours.

Mummy and Neeti got to spend time with him; and, of course, I got loads of the opportunity because I am the 'authorised attendant' and he appears to comply with my directions almost implicitly. There have been a few exceptions though - at one point when he was refusing to let go of the bed railings (delirium has induced thoughts of 'slipping down a slope' perhaps towards 'water') with such force that was sending his pulse rate shooting to excess of 140 (briefly), I tried several tacks and finally told him, "If you don't let go and sleep, I will miss my meals and sleep too". The parental instinct kicked in immediately and he began to obey again! Amazing!

Tomorrow - Friday, the 30th of March - call will be taken to shift him out of the ICU and into the room. I am sure that and the first few steps that he will be made to take with the help of a walker will make a great deal of difference to pull him out of this disconnected state.

More tomorrow....   

Wednesday, March 28, 2012

Hospital - Day Three

I must admit that it has been a rather difficult day; though there is nothing to worry about at the end of it.

The good news first. Daddy is apparently not in any pain at all. His essential parameters have been good for most part of the day. He is being well taken care of in the ICU.

He has, however, remained completely disorientated and restless. He recognises me and listens to my requests, but for all the others, he poses a bit of a struggle. It is clear that he does not realize that he is in a hospital and tries to get up almost every minute, sometimes to go to 'office' or 'cross the water' or 'look for his mobile from top of the fridge' or to 'hand me a set of keys'. Heavy sedation has rendered his speech somewhat unintelligible and one has to strain to hear the mumbling. He is, however, strong as ever and held on to my hand and the bed railing with such force that surprised even me.

As I said, his basic health indicators are good. His blood pressure is within limits, the amount of oxygen usage excellent and the pulse a shade high. He could use with some more sleep though! But the amount od sedation is being limited to the bare minimum so that he recovers to 'normalcy' as soon as possible.

The doctors have assured him that this delirious condition - known apparently as 'ICU Psychosis' is not unusual and he will emerge out of it in another 24 hours or so. His shifting out of the ICU and into the room has, however, been put off and a fresh call will be taken tomorrow.

I also must admit that it is extremely hard to see one's parent in this condition. While outwardly remaining calm is, of course, the key to helping him the best, inside it is a reversal of roles where I feel like a parent now. I am glad, though, that he is receiving top-notch treatment from a very professional lot of doctors and nurses. It is almost as if Fortis uses 'being happy and positive' as the main criteria for selection of its employees.

I am staying on in the hospital (the place is wonderfully comfortable!) and I am writing this post from the hospital so that all the family members can be fully updated.

More tomorrow....       

Tuesday, March 27, 2012

Hospital - Day Two

On a pleasant pre-summer morning, Mummy and I drove down to Fortis to be with Daddy before 7 AM; he was likely to move to operation theatre by 8. Mummy was initially not slated to come but I was persuaded by her absolute keenness and indeed steadfast refusal to stay back.

Daddy was all smiles as he was wheeled in. And when he emerged a quarter past 11, he appeared disorientated but at peace. He told us that he did not feel any pain at all - indeed he did not even know that the surgeon had been repairing him so radically. When a nurse goaded him playfully to confess that, surely, he would have heard some noise, he emphatically said no. Ah, the benefits of less than perfect hearing!

Later in the afternoon, just after Mummy returned home (I plan to stay back overnight for the next five days), Sunil surprised us by arriving. He was with me for a couple of hours and we even managed to get him an audience with Daddy. That is so much like Sunil - always ready to stretch himself for others.

Things changed a great deal in the afternoon as the effect of anaesthesia wore off and Daddy, now in ICU, became even more disoriented. Without going into too many details I want to let everyone know that he began to complain of pain and appeared disoriented even more. I am not sure he knows if his operation is over. Perhaps he does. I have been by his side for a few hours now and after several doses of intravenous pain-killers, he is now napping. His parameters are all good. I am assured by the doctors that the experience that he is going through is hardly uncommon.

More later.....      

Monday, March 26, 2012

Hospital - Day One

Daddy was admitted to the Fortis Hospital Mohali today. He left in high spirits and is all geared up for the knees-replacement operation.
He was delighted with the welcome he got at the professionals of Fortis - a far cry from the indifference of Govt hospitals and dispensaries. He has a full suite to himself - a room for him and another, a living room, for the visitors. Both have spick and span restrooms, televisions and host of other amenities completely unknown to public healthcare!



 The operation is slated for tomorrow morning at 8 AM. I will be staying with him through the week (the attendant too gets to stay in style!

Saturday, March 24, 2012

Being And Nothingness (Or Living on the Facebook)

Why are we on Facebook? And why can’t we get off it?
It will be presumptuous if I were to pretend that what I am about to say applies to all or even a fraction of those who spend disproportionate parts of their daily life on Facebook; looking at what must finally count as very inane stuff, snooping around others’ pictures, cutting-and-pasting, returning to see whether someone – anyone – has ‘liked’ our offerings, posting pictures for world at large to admire, saying clever stuff that must bring silent applause of the admiring masses, pasting feel-good bits of advice that rarely leads to actionable wisdom, showing solidarity with causes that will hopefully reflect the supporter’s magnificent civic concerns (lending a shoulder to finding a missing girl child last seen in Latvia or Lesotho, marshaling friends to donate blood to a heart-rending emergency in Papua New Guinea), or even playfully poking and – Lord be merciful – raising chickens on imaginary farms. If this sounds derisive, it shouldn't – I have done my share of all of this and more.
Of course, Facebook lets us stay in touch with ‘loved ones’; where else would I see the latest pics of Pallavi and Abhishek unless they mailed me directly or posted them on a family blog? Facebook also ‘reminds’ us of others’ birthdays; but deep inside I know that I never missed one even in pre-Facebook days. Then, you could follow The Economist or the New York Times on Facebook and remain updated all the time. Or would you? Isn't it far more cost-effective to go directly to the sites you dig?
So let us cut the chase and get to one view – mine – of why Facebook remains an addictive attraction. I will pare it down to two reasons.
One, addiction to Facebook is mostly a desperate lunge by our Ego to seek acknowledgement and approval. This works in several obvious ways, but let me recount a few.
Ego constantly seeks feedback that says ‘you are liked’ (or admired or considered a ‘brain’ or a beauty or….) through almost everything on Facebook. Sure, most others hardly care for what we post, except a few who read it for amusement. Most acknowledge it only in the hope that their own good taste will thus be silently acknowledged by others; yet others to re-post and get some positive feedback for themselves. Yet the game goes on and on. Such a huge effort and investment of time only to elicit bits and pieces – the word ‘crumbs’ comes so readily to mind – of positive feedback! Is it any wonder that even years of being there still leave us feeling vacuous and unfulfilled?
After all, the way to all fulfillment is to take exactly the opposite route; to be constantly mindful of the devil called Ego that lurks and lurks, whispering mischievous and even poisonous bits of advice in our ears, always drawing us away from the fact that we are already complete and do not need even a moment’s approval of another, leave alone be mired in this quicksand forever. To be aware that we are not our Ego is to live fully. And by confusing the feedback loop implicit in activities of the Facebook, we allow ourselves to sink yet deeper.
Two, all addiction is a cry for finding joy. Isn't ‘joy’ that magic that ultimately all of us seek? But is there ever ‘joy’ to be found in any form of addiction? Alas, there is ‘happiness’ of the moment, but no ‘joy’. The morning-after proves that the drunken revelry of the evening was no more than a self-injected dose of anesthesia and that the only lasting imprint of the last cigarette will be traced on the lungs, teeth and fingers. The reason for the failure to chase gratification and happiness has been pointed out to us by sages. Happiness is always dependent on someone or something outside of us – perhaps always involving a bit of ego-pampering – whereas ‘joy’ is always the flow emerging from within. Anyone who has lost hours engaged in doing something he or she truly loved knows what joy is - reading a wonderful book, sketching, even working on a mathematical problem or repairing a car. As does someone who finds it in things and phenomenon where feedback is not an issue at all – a beautiful landscape, a breathtaking photograph, a child’s chortle….. All addiction fails in the long run – indeed the effects last only as long as one is practicing it.
Any addiction can be submitted to this test. Being addicted to Facebook certainly belongs to the undistinguished list of ‘addictions’.
So, should we now reach for Deactivate My Account button? Who am I to say? But perhaps, we can constantly be mindful of what we are doing there. Eternal vigilance against the machination of our Ego is always the key. Perhaps we can truly use this platform to be connected with people we really wish to and see it as a form of technology to share with those who truly matter. This holds good for those on Facebook who have this lingering suspicion that they are onto something quite pointless, even harmful but are not sure if courage for instant ejection can be summoned.
So whether you choose to remain on Facebook forever or take that step and be free from Facebook - just be mindful that you are doing it for the right reasons.

Thursday, March 22, 2012

Plan For Daddy's Operation

Looks like we have arrived at that point in our planning when Daddy is on the threshold of getting brand new knees! The winters are nearly over and everything is in place.

The chosen hospital is the Fortis, Mohali. All the tests have been done and it has been determined that medically, he is good and ready for the operation. Mentally, of course, he is hard as nails!

26th March is the date of admission. The operation is slated for the 27th. He will be attended to in the ICU on the 27th and 28th. He is will rest and recuperate in a room from 29th to the 2nd of April. Back home on the 2nd!

I will keep everyone posted with posts and pictures.

Sunday, March 18, 2012

The Great Indian Middle Class by Pawan K Varma


I read this book 12 years ago and came across my notes this morning. I think that this book remains a very important work towards understanding the attitudes, inclinations, compulsions and impulses of our nation's middle class. Here are the notes:

The book argues that the lack of social concern of the Indian middle class is detrimental to the health of the nation and the class' own long term interests. The complete apathy towards the unwashed masses as the nation continues to march down the road to become a mere market or aggregation of demands can cause dangerous social upheavals in the future. Excerpts:

The Relevance of Beginnings

The creation of a native elite in its own image was the most spectacular and enduring achievement of British colonialism in India.

The social segment from which these new beneficiaries came represented largely a continuity: middle class Indians from an educated background.......

.....The members of the nascent Indian middle class in the nineteenth century did not feel a sense of humiliation in collaborating with the agencies of British rule. Indeed...they had acquired a stake in the perpetuation of the British rule.

Yet it (the early Indian National Congress) was essentially an upper- and middle class affair...

(The freedom movement led by Gandhi) involved the masses without empowering them. 

Through their participation for the struggle for freedom acquired the profile of a mass movement; but essentially the focus of power and control remained where they always have been - with dominant elites.

It was more than evident that both the Hindu and Muslim communities were inegalitarian, and each preserved an elite segment that was less than inclined towards a genuine empowerment of the masses and the inevitable socio-economic destabilization that this would involve. The conjuring up of an external threat to the community enabled these vested interests to divert attention away from pressures from the internal restructuring of their communities.

The Age of Hope

Freedom came in 1947, but the nature of the entrenchment of the middle and upper classes under British rule, and their leadership of the freedom movement ensured that the institutions built up during the colonial era remained largely intact.

Fortunately for the middle class in India, the freedom movement had generated a powerful ethical and intellectual legacy....... This legacy was symbolized in the compellingly charismatic personalities of Gandhi and Nehru.

These (communal tolerance, belief in parliamentary democracy, romanticization of India's past etc) were the elements that coalesced to form the ideological framework of the Indian middle class at the time of independence.

Such parameters of social interaction were linked with another aspect: a conscious ceiling on material wants.... Material pursuits were subsumed in a larger framework that did not give them the aggressive primacy that they have acquired today.

The hold of the past ensured the continuity of traditional religious practices; the aspiration to be modern resulted in these practices surviving only as a mechanical ritual.....The middle class, caught in the penumbra of the past and the present, the traditional and the modern, was unable to develop an authentic paradigm synthesizing both.

It is clear that almost immediately after independence the direction of the State policy was being dictated by middle class interests. (Perpetuation of English, the education system that favoured the few, etc)

The End of Innocence

The war with China in 1962 was the first serious blow to the easy confidence and sense of well being of the middle class.... Educated Indians had caught a glimpse of reality behind the comfort of illusions, and suddenly the institutions and beliefs of the past seemed inadequate when confronted with the uncertainties of the future. Expectations appeared more vulnerable now...

The first trend of importance was the visible retreat of ideology from public life and the corresponding transparency of the quest for power as an end in itself.

.... (It) had the potential for the most deleterious consequences in the long run, was the un-ceremonial burial for the need for a society to have a commitment to some kind of ideological binding....

The Indian middle class' propensity to abjectly capitulate before a paramount leader (of which the apogee would be reached during the Emergency declared by Mrs Gandhi) was thus directly related to the erosion of an ideological commitment as an effective countervailing force...

(Another) factor to critically influence middle-class attitude and behaviour was the legitimization of corruption as an accepted and even inevitable part of society.

The trends we have discussed - the retreat from idealism, the reduced sensitivity to the poor, and the legitimization of corruption - coincided with a change in the character and structure of the middle class itself...the new claimants were...weaned on the pragmatic realism of Indira.

The selective endorsement of some of Mrs Gandhi's actions even at a time when the JP movement had considerable support was not proof of how discriminating middle class was. It was proof, rather of its ideological rudderlessness, where the only compass working was a perception of its own interests and expectations......The middle class was willing to climb onto the 'moral' platform to the extent that this platform could accommodate its discontents. It was happy, for instance, if its anger against the rise in prices could be given a better projection through a 'moral' critique. But it was unwilling to allow its endorsement of the 'moral' to rein in its own proclivities to the contrary. (Shades of the support for the recent Anna agitation against corruption?!)

The obverse side of this 'authoritarian-anarchic' syndrome is the unqualified adulation of a strong leader at the time of his emergence, and the unconcealed glee at his discomfiture at the time of his downfall. Psychology apart, the essential reason for such wild swings of emotion and allegiance is the absence of an ideological mooring....

Middle class Indians saw Rajiv Gandhi through the prism of their own needs.

The truth is that under the garb of social justice the entire Mandal issue was an intra-middle-class struggle for the perks and perquisites that could be seized from the state.

The Inner Landscape

It is a cliche to recall that Hinduism - the religion as it is lived by its countless followers - has no organizes church, no one God, no paramount religious text, no codified moral laws and no single manual of prescribed ritual. The predominant emphasis is on personal salvation, a journey in which the individual is essentially alone with his karmas and his God.  There is nothing wrong with such an approach in purely spiritual terms......however, in terms of the individuals relation to the society, this very emphasis on the self as the centerpiece of spiritual endeavour tends to stunt the growth of a sense of involvement in and concern for the community as a whole...A pious Hindu will take a dip in the holy waters of the Ganga totally oblivious to the filth and garbage on and around the bathing ghat...Temples in India will have their coffers overflowing with personal donations from the religiously active, but few of the donors would see much spiritual merit in using the same money for alleviating the misery of the thousands of the visibly poor around them.

A second aspect of Hinduism, of great relevance to our analysis, is the absence in it of a strong and unambiguous single ethical centre. There is nothing in Hinduism which categorically equates any action with sin.....It accepts a moral relativism which refuses to be straitjacketed by simplistic notions of right and wrong.

The absence of a strong moral imperative for social altruism had resulted, under the tutelage of unethical leaders and opportunistic politics, in a horribly bloated unconcern for society itself. The end product was the acceptance of a certain kind of lifestyle: insular, aggressive, selfish, obsessed with material gain, and socially callous.

Did the frenzied absorption in worldly pursuits and the overwhelming preoccupation with material acquisitions reduce the role of religion in the middle-class person's life?.... To some extent it did happen: the frequency of and familiarity with religious ritual was reduced, but paradoxically, the need for the religious identity increased. Breakdown of the extended family.... Induced a hankering for a sense of belonging to some transcendent institution which could,.... resurrect a sense of community.

The complexes the average middle-class person has about sex and its role in the society are a result of all these factors: a past which is remembered or invoked to justify sexual license; a more recent heritage (British and Mughal) which considers the sexual urge wrong and associates it with guilt; and the present which is invaded, as it were, by the expression of sex as vulgarity or, as depicted in Western soap operas, fantasy.   

The writing on the Wall

The essential point then is that the current wave of liberalization has deepened the tendency which the wealthy Indian already had to ignore the sufferings of the poor.... Once it becomes legitimate to ignore poverty, the sense of community ceases to have a place in social life.....For the truth is that the social insensitivity of the educated and the privileged Indian is writ large on the face of India, whether the professed goal of the country is socialism or capitalism. The new economic policies have accentuated the insensitivity, and brought into sharp focus the psychological polarization between the worlds inhabited by the rich and the poor.

The seminal question for the middle class is: Can such a polarized world be sustained in perpetuity? Or has the time come for this class, in its own interests, to move beyond the 'margins of elite vision'?

If self-interest, a sentiment with which the middle class is not unfamiliar, can jolt it to pause and reassess its strategies for its own benefit in the long run, then several convincing examples can be given to indicate what is the right track.

The answer appears to be a conscious and quantum increase in voluntary activities outside government, particularly in areas of education, poverty eradication and health. The first reaction of many in the middle class will be to dismiss such an idea as idealistic fantasizing. But the proposal is not as unrealistic as it may sound. The elite in the country have always had considerable influence on middle-class aspirations. Within the elite there are quite a few.........that demonstrate a much-required sense of social purpose.....If such examples of social concern by the corporate elite can be expanded manifold and replicated across the country - and the government through appropriate policy incentives should actively encourage the effort - it will send a powerful message of social activism to the millions of upwardly mobile middle-class Indians who are particularly porous to variations of behaviour in the elite segments of the country.....The project here is the arousal of social concern in the long-term interests of both the elite and the middle class.       

Lessons for Life


Yesterday, as I travelled by the Inter City Express, I wrote down some of the major lessons I have ‘learnt’ during my life. I write the word ‘learnt’ with abundant caution because ‘learnt’ should have the same connotation as ‘completely imbibed and translated into practice’. 

Alas, I cannot even remotely claim such an achievement!

All the same, here are the big lessons (both sublime and ridiculous) that have struck a chord in me:

I am not my Ego.

To awaken and be aware is the only purpose of my life. Living life mindfully and in the Now is the way to do it.

Discipline – delaying gratification and accepting pain first – is the key to solving all of life’s problems.

What you do between stimulus and response becomes you.

When confronted with multiple choices of what to do, do what is good for long-term, even when it is clearly not urgent – especially when it is not urgent!

Nine-tenth of the wisdom lies in being wise in time.

Visualisation, intention and believing in what you seek is the ‘secret’ to getting.

When it comes to money, understand the difference between assets and liabilities. Anything that adds to what you have is an asset. Create assets.

The most important issue for a commander (and we are all commanders of our selves!) is having and constantly re-creating ‘reserves’ Without ‘reserves’ one is only a helpless and reactive tool to evolving circumstances. Reserves are critical to influencing the battle of life.

Not surprisingly, the above two lessons apply as much to health, use of time and relationships, as they do to ‘money’.

In contentious issues, try and visualize the ‘end-game’. Are you prepared for the eventuality? Is it worth the strife? Or is there a better way?

Often ‘acceptance’ of what is is the key to peace and happiness. Acceptance is not surrender. Acceptance is a choice and always calls for wisdom, courage and restraint.

Finish what you begin. Do not allow delays (there never will be a ‘perfect moment’ to start; indeed the business of ‘perfect moment’ is the biggest delusion there is!) and if a deviation occurs, get back on rails quickly.

Hard work – not talent – is the king.

Weight loss is almost entirely a matter of calories. Exercise has great uses for promoting health and increasing basal metabolic rate (BMR) (which assists weight loss) but eventually the dice is loaded in favour of imbibing fewer calories. Eating smaller meals frequently – and never giving your body’s intelligence the impression that you plan to go hungry and hence it needs to store all calories for future use – is part of the trick.

If you wish to write, you need to schedule it and then stick to the schedule. Waiting for inspiration is as likely to succeed as waiting on a beach for a message in a bottle.  

plan without time-lines, resource allocation and reality check is not a plan.


To read a personsolely based on his looks or words is to set yourself up for possible failure, even a trap. While looks and words count, always, always, always judge people by their actions.

Good story telling is about brevity, maintaining suspense and punch-line. It is not about stretching the tale to milk it for as long as one can. To do that is to sound death-knell for the story.

For a presenter – a teacher, a speaker, an actor, an impressionist, a comedian or a singer – the most important element is the audience. The fare should be pitched at the level of most of the audience. To ignore this and rely solely on display of one’s ‘knowledge’ or ‘brilliance’ is to fail.

Style and substance’ both matter in life (and in presentations) but the sequence implicit in that expression is flawed; it must always be ‘substance and style’. While you risk being underrated if you lack ‘style’, you can never ever succeed without ‘substance’. Cannot sell a bad product for long merely with good advertising!

Love is the willingness to stretch boundaries of one’s ego to accommodate another, solely for his or her long-term good.

good movie is a credible story told well. (There! And everyone in Bollywood says there is no formula to make a 'good' film!)






Saturday, March 10, 2012

Undercover Economist by Tim Harford



The book began interestingly for me, dissecting the ‘secret’ of high prices of common goods – coffee being the centre of the author’s attention. The dots he joins from advantage of ‘location’ to ‘cost of owning or renting real estate to sell products’ to ‘the power of scarcity’ was illuminating in a rudimentary way. Indeed, the advantage enjoyed by those who sell what is scarce runs right through the book like a silent stream.

Scarcity is relative, of course, and shifts from situation to situation – even person to person. For me the great lesson was that prices are essentially determined by the willingness of the people to pay. Hence, if one refuses to be seduced by allure of big brand names and glitz of malls, one can avoid the trap of being seduced by high-priced goods.

Often, interest groups cause scarcity to ensure uninterrupted existence of scarcity. High wages are maintained by doctors, lawyers and other professions (Chartered Accountants in India!) by keeping the supply of their ilk low.

The other big lesson that I learnt is that based on the logic that businesses can only charge what the customers are willing to pay, businesses devise strategies to determine who will pay more. Hence there is a regular cappuccino and then, for those who are not price sensitive, there are variants that charge far more than the difference in producing them vis a vis a regular cappuccino. Supermarkets price their goods based on the type of clientele they expect – are its customers more likely to treat fruit-juice as a luxury or they will want it anyway because it is a permanent fixture at their breakfast table? Hence, don’t waste your time finding a cheap store, advises the author; instead shop cheaply, looking for bargains wherever you go.  

Tim Harford is an unabashed supporter of the free-market system. He argues, with a great deal of success, that ‘you can’t get more efficient than a perfectly competitive market’. Prices, he deduces, are true representation of the cost to the company and value to the customer. Free markets have a natural way to ferret out information on the true needs, desires, wants and costs. When markets are not free or government controlled, much of this information is lost and hence the decisions are not cost-effective.

But what about ‘fairness’? Harford arrives at the conclusion that free-markets can be made perfectly fair by adjusting the starting blocks for different strata of people. Skilful use of taxation is part of that solution.
There are three issues that need to be addressed if free-markets are to work well. The power of scarcity is one; the availability of information so that informed decisions can be made is another. Finally, markets do not work well when some people make decisions that affect others – the bystanders are affected by those who are buying petrol, for example. This factor is called ‘externality’ and needs to be addressed by economists. An externality charge imposed on those who intend to drive cars into the crowded city-centre is an example.
The book also discusses the reasons for profitability of companies. What matters is not that you get there first but that you continue to produce something that others cannot or do not. This would explain the relative decline of Microsoft and current supremacy of Google and Facebook.

Finally the book discusses why poor countries are poor and why China has risen so dramatically. It is all about free-markets, goes the refrain. The argument is persuasive but then, I suppose, so would be the counter if presented side-by-side.

Interesting but simplistic!

Wednesday, March 7, 2012

Holi (As It Is Unfolding)!

Daddy
Mummy


Neeti
We are still reasonably untouched!
Papa
Bela
Damini the Bhoot!

Before Kanika and Damini met me
After Kanika and Damini had paid attention to me!
Aren't we pretty?!!

Kanika
Mr Singh 





Pallavi's Other Dad (Dad No 1)

Looking good!


Posing
Uma Ji


Bela and the duo

Tuesday, March 6, 2012

Moving In!


Abhishek and Pallavi are setting up their first house (and home!) at C1A-71 Carlton Estate 1, DLF City Phase V, Gurgaon 122016.

The map above shows you (if you have a good lens and wonderful eye-sight!) the route to take once you enter Gurgaon - halfway you can see 'Ambience Island' which, of course, is close to the Gurgaon Toll Plaza.

Monday, March 5, 2012

Daddy's Operation

During the last two months we have been considering the prospects of knee-transplant for Daddy. We have met up with doctors at Delhi, consulted a local private hospital of repute and today, he was examined by a leading orthopedic surgeon at the Post Graduate Institute.

The initial findings are that yes, he is fit for a knee-transplant operation and the earlier it is done the better. We need to put him through a few tests - blood examination, chest X-ray and ECG to decide whether it is all-systems-go. As far as Daddy is concerned, it IS all-systems go already!

Only for the second time in his life he consented to use a wheelchair at the PGI. Later he told me that while the 'rickshaw' ride was good, the 'rickshaw-pusher' (me) is rather an expensive one to have!

We should be able to take a final view within a week.

Watch this space.....