Amartya Sen, the Nobel prize winner in economics thinks that India could have taken more care of education and public health to ride out on recession. Kerala has done this to an extent. It is time Indian entrepreneurs invested more to create more jobs and hoarded less nad indulged in extravagant and unproductive spending to satisfy their whims and fancies. Nirad Chaudhuri writes that the English people live in style and Indians are fond of hoarding. We have to combat over cautionary mindset along with economic recession. A lot of money is stashed away in Swiss banks. Indian government has to turn towards welfare of the public rather than remain technocratic state in the service of the elite. Technology has to be developed to serve the interests of the people and not just to turn them into redundant resources. Education would go far in this direction. It has to increase the skills of the people. The need of the hour is not the maximization of profits but democratizing education to raise the purchasing power of the people. Country means not currency but people who could lead their lives without scarcity and with dignity.
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