Con Grace & Duped Legacy

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp
Share on telegram

Legacy is a perpetual powerful influencing tool and helps winning votes time and again, for generations.

If Mr Mukesh Ambani wants to build a ‘pyau’ (drinking water fountain for public), in fond memory of his loving father late Shri Dhirubhai Ambani, he has to pay for every expense associated with it, a pittance considering his riches, even though senior Ambani rightly deserves a decent monument by the government to be named after him for creating direct and indirect millions of jobs and thousands of millionaire shareholders. Likewise, if you and me wish to indulge in such public charity that is cherished in Indian culture, we have to pay for obtaining local municipal permissions, space lease, water supply, storage, filtration, maintenance staff, upkeep etc.

But, if a politician, from a corporator to the prime minister, the decorated class of social-servants (nagarsevaks), wants to do the same charity, he simply gets it done through a government department at the expense of taxpayers’ money and promptly names it after his family member, dead or alive.

The landmark, built with public money, now serves as a permanent advertising cenotaph ready and greedy to grab people’s attention. Offering free water to the public becomes secondary. “What a noble work by a noble soul?” passersby bless the politician whose family name is prominently etched in golden letters on the granite stone. A legacy is thus created into the minds of the public and the stories roll of philanthropy which never existed.

Legacy is perpetual money and a powerful influencing tool, much more than the conventional currency, politicians create in connivance with the bureaucrats. It’s so rewarding, and therefore addictive, that they keep building bridges, roads, airports, hospitals, stadiums, universities and promptly naming these national assets after some member of the family that commands politics and the government. It helps reaping notes and votes time and again, for generations.

Hired blabbergentsia, ever ready to appropriate the goodwill on television, helps sell glorious misconceptions and tricks creating a legacy in the name of the politician.

Men are not measured by what they did in their private life, but by what they leave behind in public. No one bothers if a certain Nehru might have had a crush with an English lady, while ill-treating his married wife. But if he leaves behind a university, a stadium and some such big stuff in his name, all of it funded by the government, he is held in high esteem by the morons. That will keep manipulating people’s perception about the individual named on the stone which will earn votes for the family hustler the next time elections are held. A cut from the contract amount of such projects may be a bonus. Legacy helps to win elections and ultimately to make money.

Jawaharlal Nehru University, Indira Awas Yojana, Indira Gandhi National Widow Pension Scheme, Sanjay Gandhi National Park, Rajiv Gandhi International Airport, Rajiv Gandhi National Drinking Water Mission, Rajiv Gandhi Sea Link Road and many such government schemes and national assets are fully funded by Indian tax payers but the Congress party and its leader Gandhi family has been reaping the benefits for decades as people, highly or less educated, tend to identify these landmarks with the alleged contribution by the Gandhi family. More so when you have 24X7 blabbergentsia peddling half-truths and full lies on television.

The Congress party and its leadership realized much earlier the long term benefits of this strategy that even beats the Election Commission’s code of conduct, to create and appropriate political legacy for influencing and winning future elections.

When the current government, in its wisdom to set right the decades’ old wrongs, had recently renamed removing Gandhi family member’s name from some government schemes, Congress president has appealed the names to be retained.

Political appropriation of the goodwill associated with such national assets funded by the public exchequer must be stopped to end this duped legacy from manipulating public perceptions thereby leading people to vote favourably.

 

About the author: Ashok Jainani

(MA, MBA) is an independent market strategist and investment professional on devising multi-asset class market strategies and also advises on branding and corporate strategy. He uses proprietary trading tools in formulation of investment strategies using macro-economics, fundamental and technical analysis. He is also involved with a large social infrastructure project. He has wide academic knowledge in behavioral psychology, economics and financial markets and professional wisdom acquired over 29 years working in various capacities with well-known institutions, including UTI, SHCIL, The Economic Times and Mumbai-based stock brokerages heading research and market strategy. His periodic reports have been accessed by US Federal Reserve, has been interviewed by business channels and his views and articles have appeared in local and foreign media. He led an analyst team at a Mumbai brokerage to win ET-NOW StarmineThomsonReuters Awards and ZEE Business Awards 2009. A guest faculty at leading management institutes, he is widely travelled and visited several factories across diverse industries. Authored book titled Market Myths; MacMillan Publishers India (May 2011).Author can be reached at [email protected]

Table of Contents