In the wake of the
spill over effects of both global financial crisis and ongoing European Sovereign Debt Crisis, the growth profile of even strong emerging economies like
China and India has undergone a transformation and in the near future, they
cannot step into double digit growth rate.
Lack of democracy has
been strength to China in so far as stifling the voice of dissent and there is
no immediate threat to leadership .In sharp contrast, India is facing a real
leadership crisis. The regime of UPA led
by Dr.Mannmohan Singh as a proxy prime minister in the second innings is one of
the classic case of non performance on the economic front.The corruption has
peaked to an all time high and no longer
the scholar P.M can talk like a parrot I don’t know .
One of the fundamental
reasons for the rampant inflation and slow growth rate in our country is the
lack of governance and absence of ethical and moral standards. Indeed it is an
irony of fate that the ruling party is not at all bothered about its image
being molested by a series of corruption
scandals . They have no sense of shame ,
no moral fiber to cloth their physical frame .The honest elite can only lament
through blog like this and they are helpless . Following is just a simple
silent soliloquy on the need for good governance so as to give some semblance
of stability and support to the masses who are completely dispossessed of their
basic necessities.
Ethical and moral standards
can be maintained only if the leaders of the Government provide a personal
example of dedication to public service .A perpetual deviation from standards
of good code of conduct and behavior on the part of many leaders including the
captains of corporate and academic sectors is the root cause for the deprivation
of many at the bottom line.
When ethical standards
falter at top level, one cannot expect the typical ordinary
government employee having all vulnerabilities and capacities to yield to temptation of money, develop any kind of sensitivity and concern
towards the poor, unless of course he has
had evolved a code of conduct to behave in a more balanced and moral way since his cradle days.
Not only Government
employee uses his position to curry favor
or induce another individual to provide
him with anything of economic value but also engages himself in outside
employment.Under the circumstances the confidence of the public in the
integrity and dedication of Government becomes suspect.
No legal system or web
of statute however intricately conceived can hope to deal with the myriad
problems confronting our political system for both men of eminence in their
respective fields of ‘politics’ and ‘crime’ became natural and
normal partners – a kind of collusive oligopoly .Like price rigidity of
oligopolsitic market, a state of rigidity and status quo prevail with regard to
the acts of criminality committed in the past.
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