FairAndUnbiased
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Unfortunately, the liabilities will remain for years to come - misgovernance and social inequality. Do we have any statesmen of caliber? We will probably never have a Chanakya to turn things around and there lies the rub. The present lot of politicians have made politics into a family business with no concern for the country. We are saddled with parliamentarians who are not law makers but law breakers.
As of May 2011, approximately 30 percent parliamentarians have serious criminal cases pending against them !! And these include extortion, murder, attempt to murder, rape, corruption, cheating, land grabbing, illegal hawala transactions, money laundering, massive tax evasion, graft running into thousands of crores, and numerous scams!
And we hope for 'Good Governance'? Forget it. Our netas don't have the bl00dy time for our benighted country.
The mantra of our netas is: "Make hay while the sun shines"!
We must understand that bad governance is all relative.
India is doing as well as it can given the economic reality. Same for China.
Do we remember 1900's-1970's US? Back then, corruption was the norm. The US army was frequently called in to suppress riots, strikes, protests, etc. Looking back, the US was very ruthless with its dissidents when it was industrializing and even after it industrialized. And from the outside looking back, the US army and pol ice were just protecting the rich oligarchs.
The modern US (with "human rights" and all) only came into being in the late 1980's. Before the 80's, the US was a very different place, filled with racism, pollution, corruption, violence, unemployment and crisis. After the collapse of the USSR, the US got full license to exploit the rest of the world's resources, and could "afford" clean government.