Give Them a Secure Future



The Economic Times

Letters
Give them a secure future
18 Oct, 2013, 04.00AM IST

This refers to 'The Future is Now. Stop Building for Yesterday' (ET, Oct 17).

Developed countries may be worried about future shock, but a majority of the Indian population still struggles to reach the internationally accepted poverty line of $2 expenditure per person per day.

The perception that "the stable economy where people had a job for life is more or less over" is true, and even the social security systems such as family and pension are disintegrating.

As rightly argued by the author, there is a need for serious debates on how to insulate future generation from unanticipated shocks caused by mismanagement of resources by the present generation.

M G Warrier, Mumbai


Also read the unedited version copied below:


Present tense

This refers to the article ‘The Future is Now.Stop Building for Yesterday’(October 17). The crisp and condensed agenda for planning with a better India for next generation’s hopes and aspirations in mind, coming from an individual who has been through the mill in the Indian context-business, bureaucracy and now politics, if media is to be believed- will be welcomed by the target audience, which apparently is the creamy layer of Indian population who are eight times richer than their great grand-fathers.
It may be true that developed countries are worried about future shock. But ours is a country with majority of the population yet struggling to reach the first step of the ladder of development, assuming that first step is, coming above the internationally accepted poverty line of $2 expenditure per person per day.
The perception that ‘the stable economy where people had a job for life is more or less over’ is true and even the social security systems like family and pension are getting disintegrated and dismantled to conform to ‘developed world’ norms.
As rightly argued by the author, there is need for serious debates on how to insulate future generation from unanticipated shocks caused by pure mismanagement of resources by present generation. Though comparison may be far-fetched, the shame US is going through sitting on a debt of over 15 trillion dollars should be a warning signal for all policy makers.

M G WARRIER, Mumbai

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