That Didn’t Work Out: Why Demonetization was a terrible idea, which was Poorly Planned, and Badly Executed
On November 8, 2016, the government of India took a step which will be etched in the history of India. Unfortunately, it’ll be for the wrong reasons. This book is an attempt to look at every argument that is raised around demonetisation, from an impartial standpoint, and figure out the gravity of the effect demonetisation has had, and will continue to have on India. The book is organised in the form of chapters specifically dedicated to the arguments made by politicians, journalists, economists and experts, political party supporters and the unbiased electorate.
This book is also an attempt to do the job of a true and just force of opposition, an essential element in any democracy. It is the job of the opposition to not only hold the government accountable for its mismanagement, wrong doings or poor performance, but also to suggest alternative policies which could benefit the electorate. Unlike the opposition parties of India, who simply prefer to disrupt the parliament, play the usual communal politics, and propagate ill established conspiracy theories, this book is the answer to the government’s statement that there is “no issue to debate on, so the opposition is simply stalling the parliamentary process”.
This book is the answer to that complaint of the government. This arguments stated in this book are fact driven thesis and not rhetoric driven propaganda.
In February of 2016, an event transpired at Jawaharlal University in Delhi that started to show seepages in India’s understanding the expression “Freedom of Speech and Expression”. Politicians and students came face to face to debate what true Freedom is. News channels, parliament, the courts, the president of India – no one was spared. This was an event that should be etched as one of the fundamental changing points of what we understand as India. The debate still goes on, even today. But the sheer divide the JNU Row of 2016 distilled in the people of the country, about what Patriotism, Nationalism, and Freedom of Speech means – a debate worth having for any country.
The world today is conscious of the deleterious effects of junk food and food contaminated with pesticides and chemicals on the human body. I think it is time to call out junk news, junk journalism and its unhealthy contaminating effects on the human mind. One should be mindful of the basic premise of law which dictates that no right comes without a responsibility. “Freedom of Press”, can only be entitled with “Responsibility of the Press”. One cannot work without the other. In the name of journalism, the press is judging the accused before a judgement is made by the courts. By the time the final verdict of the court arrives, the accused reputation is destroyed in public. This phenomena is prevalent worldwide, but more so in India – the largest democracy in the world that is simply waiting to be triggered off every day with some cheap sensationalism. Media trial falls in that very category, and the book is an attempt to look at it from an objective point of view – to assess the damage caused by media trials, what is the viewpoint of the law of the land, and how can media trials be controlled in its early footsteps.