In the long history of this planet,the arrival of the Industrial revolution(1775)produced a profound effect on the meaning of progress and life of the people inhabiting this planet.It set into motion a competitive growth games season between nations
During the same period the earths population burden has grown from 900mill to 6.5bill. ..In the last thirty years the increase in population has been 2billion.This large population is being sustained through growth economics and exploitation of the earth's resources which remain finite.
Today confidence is a recurring theme coming up in our discourse repeatedly.Many articles also discuss market confidence as a subject , these articles focused on economic analysis. also discuss consumer confidence and investor confidence.
Public confidence in state function and governance is the basic prerequisite if confidence is to return to the other areas of human activity, public confidence is based on perceptions of citizens of the changes in the world around them, in articular the performance of governance in the field of public affairs. and human welfare.
Confidence as an entity is intangible and evanescent, but if based in your mind, it has a powerful effects on your behavior and actions. It is the direct outcome of actions (inaction's) of government and other diverse public entities that influences your life and living space.
Though impalpable it is lodged in your mind and affects all your responses in the material world, it colors your perceptions of all subsequent events, and induces tranquility and self confidence.
Abiding faith, hope, and expectations are the internalized contours of confidence. It sustains an internal coolness, balance, and imperturbability of the mind.
The core qualities that create this confidence are perceived fidelity, reliance, trust, and credibility in governance and transparency of functions of service providers, and Corporates
Once lodged in your mind it is difficult to dislodge this confidence. However it can dissipate over time when there are recurring events that induce negative change in the life and living space of citizens.
Lack of confidence has been observed worldwide, today markets are stagnant and people have come out on to the streets in protest even in the developed countries.
Among the recent events observed were the vote for change in the US and street demonstration against bailouts, and protests in Greece, U.K. France, Iceland, Thailand and Madagascar.
In the South East Asia, insurgencies and wars of the ethnic independence are in progress and unabated acts of terrorism are an every day event..
In Africa the struggle for order in tribal societies has led to brutal tribal wars transforming into genocidal solutions.
For the realistic,these are all evidence of dissatisfaction and loss of confidence in the current order and dispensation.
. The underlying cause for urgency and anxiety in the mind of the citizens is the observed environmental effects on human living space. Clean air, water, and food are scarce and expensive. Climate change affects all in different ways. Floods, melting ice caps,rising sea levels, and droughts are only some of the disasters known to us all. Thus life is under threat and the dooms-day scenario seems real.
. Citizens through access to media are aware that many of their woes are related to the pursuit of unlimited economic growth. In fact they are convinced that the ever increasing economic growth paradigm is faulty, and unsustainable,and yetit is the unrelenting persuit of all nations.
The past year through the media the citizens has learned of the down turn in markets of the world , to day in some countries recession has arrived. Banks are almost a four letter word, faith, hope; confidence in the financial institutions is waning.
It has also been observed by citizens that the political leadership in countries in both hemispheres have opted out of non profit areas of citizen's welfare (health, education). The prevailing wisdom that has guided them (the leaders)being "that if it makes a profit it must be the right path". This has lead large numbers of citizens to conclude that this is a similar set of values as held by CEO'S OF CORPORATE HOUSES.This has decreased the social content of governance.
This has been a major cause of loss of public confidence. There has also been an observed rise in the numbers of very rich and the very poor in the world. Thus equity in governance is called into question, leading to plummeting of confidence.
If confidence is to be reinstalled, a two pronged intervention has to be adopted
First we need bail outs for financial institutions as survival packages in the short and medium term.
Second a major input in security of life and property of the citizens, health-care, and universal standard education for all for the long term, while we wait for return of confidence through these efforts that have a social agenda.
. Public confidence is critical if the retail investor has to return to the market.
In India the infrastructure for health care and education already exists in form of 22000 PHCand 4400 District hospitals, the GOI needs to provid resources to full staffing and supplies for care of prevlant disorders.The PHC should be linked to Distrct hospitals for backup and upgrade of knowledge and skills. These inputs will convert these low performing assets into high performing service units.
The security agencies need to change their mindset from the existing disaster management role, to a more proactive disaster prevention agenda.This requires major inputs in creation of a high technolgy intellegence gathering organisation linked to a new counter terrorism unit for quick,effective preventive action..
The environment damage and climate change can be mitigated by firm adherence to reduction of carbon footprint in our development effort. The scientific community can use its ingenuity to achieve our development goals within these reduced carbon parameters.This will require a larger invesment in renewable energy reserch and product development through use of indigenous material and manpower.The use of house top solar photovoltaic cells,for domestic consumtion of energy,will reduce load on the national grid,and cut transmission losses.These efforts may need subsidy.
At the end of the day confidence will return if the citizen is convinced that the governments are working in the interest of the "Aam Aadmi" both here and around the globe
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