The economics of bouncing back

I had earlier written about how the immediate bouncing back of Mumbai from the serial blasts that rocked it looked more like amnesia of a city than a spirit to bounce back. Last Friday, Hyderabad rocked under the blast in the Mecca Masjid on Jumme-ke-din; 12 people killed. Small riots broke out, but came under control within a few hours.

Had that happened a mere five years ago, such peace would have been unthinkable. Curfew was imminent and the loss of lives would have been much worse. But this, this bouncing back to life? Amazing.

A city choosing to move on because the day to day economics wont work – we saw that happen in Mumbai and then in Hyderabad. Is economics to blame for people for forget about riots and get back to life as soon as possible, because their livelihood depends on them doing the work? A few years ago, the same youth might have been unemployed, angst ridden and ready to cause mass-scale destruction just on the call of a selfish politician who would pay them a 100 bucks, a packed of biryani and desi daru for the rioting?

Guess if thats the way economics can make people saner, then hail the free markets. The Hindu quotes this as change in the social matrix, I would say the truth, its because of the change in the economic matrix in the city. People are ready to work hard, because the returns are guaranteed; more work, more pay. It cannot get simpler than this.

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3 thoughts on “The economics of bouncing back

  1. Yeah getting everybody involved in the mainstream by providing them with good education, jobs etc only can create communal harmony. And that goes for relations between countries as well. If people are educated and earning well and living happily, why would they go to war with each other and break their own comfortable shell?
    I think the real solution of the India – Pakistan problem is also economics. If the trade between the two countries is increased to such a level that they’re not able to do without each other, surely the governments cannot dream of promoting military action. And if people get to see the brighter side of things, other issues will get to their actual places.

  2. @kiran D
    🙂 thanks

    @aniket
    you said it man. and thinking about it though, it all appears its money that matters.

    and thats a absolutely brilliant way to tackle the india-pakistan given that the countries are ready to first trade with each other on trust. we have been seeing the fake currency notes issue rising time and again and its seriously a serious issue…

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