Robert Vadra - Son in law or Son in lawless?

Shoba De in The Times of India

Oh dear! The year 2015 has not started well for Robert Vadra — once known as the nation’s son-in-law. The income tax department wants a few critical answers about certain land deals. And understandably, Mr Vadra is not amused. In fact, he is said to be rather cross. The poor guy was made to believe he belonged to a breed known as “Super Indians” which is above and beyond scrutiny . They are not to be asked any questions, nor does anybody expect any answers. It’s been this way for decades. And when a young chap gets used to some very special privileges, such as skipping security checks at airports and so on, he naturally gets annoyed when pesky IT officers want to get into his company affairs and conduct the sort of probes ordinary, law-abiding, tax-paying citizens are subjected to.

Nobody has obviously informed Mr Vadra that things have changed in India. There is a new regime in place, in case he hasn’t noticed. New netas are calling the shots in Delhi. His mother-in-law is no longer the all-powerful mataji of old. Her cronies have been cut down to size and old loyalists are looking for fresh pastures. Zamana badal gaya hai. He should ask his sweet brother-in-law-that is, if Rahul baba himself has woken up and discovered there is no chair to sit on.

Some people may call it a witch hunt and say the poor ‘damaad’ is being unfairly targeted. Or that he is being made to pay the price for being Sonia Gandhi’s son-in-law. Even if that is true, there is just one question to ask: are there gross irregularities in his land dealings or not? If he has been unfairly singled out for such scrutiny and his nostrils are clean, then, no worries! Even his most vocal critics will take back their harsh words. But if, as several investigators are claiming, there have been blatant and gross violations, then, sorry bro … it’s payback time. This is the downside of being famousnotorious. When the going is good, everything in life is tickety boo. But when the chips are down, the wheel comes full circle. The very people who once bowed, scraped and grovelled at your feet bring out the knives and dance over your grave. This is how it always goes.

It is not as if India is collectively gloating over Robert Vadra’s fall from grace. It is not just about Mr Vadra and his alleged unaccounted assets. There are other promoters and land owners who have made an even bigger killing. What most citizens are reacting to, has a different narrative. What got everybody’s goat is that Robert Vadra did not hold any official position. Nobody knows what exactly he did for a living. But everybody is aware that he was treated like a VVIP, minus any duties and responsibilities. It was this open flouting of rules that did him in. Had he been more discreet and conducted his business with more caution, had he not been as in your face, perhaps he would have received a slightly more sympathetic public reaction to his current situation.

Now what? India would like to see a logical end to these fresh investigations. People expect Robert Vadra to be treated like any other citizen. If the charges against him are established in a court of law, then he must bear the consequences like anybody else. Skylight Hospitality allegedly made Rs 50 crore in just one transaction. High-profile builders had apparently rushed to offer Vadra hefty loans. Not a single question was raised for years. When a reporter dared to ask Vadra about his business dealings, his reaction was priceless: “Are you serious … are you serious?” he asked, his expression giving away the whole story. Mr Vadra was aghast and incredulous that anybody could have had the temerity to question him.

Let’s hope someone sensible is prepping the son-in-law to face hundreds of even more pointed questions in the near future. For starters, his mother-in-law can give him a crash course in dealing coolly with lesser beings doing their jobs. Once he masters that, without flipping out, he can hire a competent lawyer — he is probably going to need one pretty soon. If Robert Vadra ever goes to jail, thousands of citizens will send up a silent cheer. Not because they are wicked or sadistic. But because they believe the law in India is the same for all!

The French are right: tear up public debt – most of it is illegitimate anyway

Debt audits show that austerity is politically motivated to favour social elites. Is a new working-class internationalism in the air?

• 
• • Razmig Keucheyan
  • theguardian.com, Monday 9 June 2014 17.17 BST

Contracts for Chilean student loans worth $500m go up in flames – the 'imaginative auditing' of the artist Francisco Tapia, commonly known as Papas Fritas (Fried Potatoes). Photograph: David von Blohn/REX

As history has shown, France is capable of the best and the worst, and often in short periods of time.

On the day following Marine Le Pen's Front National victory in the European elections, however, France made a decisive contribution to the reinvention of a radical politics for the 21st century. On that day, the committee for a citizen's audit on the public debt issued a 30-page report on French public debt, its origins and evolution in the past decades. The report was written by a group of experts in public finances under the coordination of Michel Husson, one of France's finest critical economists. Its conclusion is straightforward: 60% of French public debt is illegitimate.

Anyone who has read a newspaper in recent years knows how important debt is to contemporary politics. As David Graeber among others has shown, we live in debtocracies, not democracies. Debt, rather than popular will, is the governing principle of our societies, through the devastating austerity policies implemented in the name of debt reduction. Debt was also a triggering cause of the most innovative social movements in recent years, the Occupy movement.

If it were shown that public debts were somehow illegitimate, that citizens had a right to demand a moratorium – and even the cancellation of part of these debts – the political implications would be huge. It is hard to think of an event that would transform social life as profoundly and rapidly as the emancipation of societies from the constraints of debt. And yet this is precisely what the French report aims to do.

The audit is part of a wider movement of popular debt audits in more than 18 countries.Ecuador and Brazil have had theirs, the former at the initiative of Rafael Correa's government, the latter organised by civil society. European social movements have also put in place debt audits, especially in countries hardly hit by the sovereign debt crisis, such as Greece and Spain. In Tunisia, the post-revolutionary government declared the debt taken out during Ben Ali's dictatorship an "odious" debt: one that served to enrich the clique in power, rather than improving the living conditions of the people.

The report on French debt contains several key findings. Primarily, the rise in the state's debt in the past decades cannot be explained by an increase in public spending. The neoliberal argument in favour of austerity policies claims that debt is due to unreasonable public spending levels; that societies in general, and popular classes in particular, live above their means.

This is plain false. In the past 30 years, from 1978 to 2012 more precisely, French public spending has in fact decreased by two GDP points. What, then, explains the rise in public debt? First, a fall in the tax revenues of the state. Massive tax reductions for the wealthy and big corporations have been carried out since 1980. In line with the neoliberal mantra, the purpose of these reductions was to favour investment and employment. Well, unemployment is at its highest today, whereas tax revenues have decreased by five points of GDP.

The second factor is the increase in interest rates, especially in the 1990s. This increase favoured creditors and speculators, to the detriment of debtors. Instead of borrowing on financial markets at prohibitive interest rates, had the state financed itself by appealing to household savings and banks, and borrowed at historically normal rates, the public debt would be inferior to current levels by 29 GDP points.

Tax reductions for the wealthy and interest rates increases are political decisions. What the audit shows is that public deficits do not just grow naturally out of the normal course of social life. They are deliberately inflicted on society by the dominant classes, to legitimise austerity policies that will allow the transfer of value from the working classes to the wealthy ones.

 A sit-in called by Occupy France at La Défense business district in Paris. Photograph: Afp/AFP/Getty Images

A stunning finding of the report is that no one actually knows who holds the French debt. To finance its debt, the French state, like any other state, issues bonds, which are bought by a set of authorised banks. These banks then sell the bonds on the global financial markets. Who owns these titles is one of the world's best kept secrets. The state pays interests to the holders, so technically it could know who owns them. Yet a legally organised ignorance forbids the disclosure of the identity of the bond holders.

This deliberate organisation of ignorance – agnotology – in neoliberal economies intentionally renders the state powerless, even when it could have the means to know and act. This is what permits tax evasion in its various forms – which last year cost about €50bn to European societies, and €17bn to France alone.

Hence, the audit on the debt concludes, some 60% of the French public debt is illegitimate.

An illegitimate debt is one that grew in the service of private interests, and not the well being of the people. Therefore the French people have a right to demand a moratorium on the payment of the debt, and the cancellation of at least part of it. There is precedent for this: in 2008 Ecuador declared 70% of its debt illegitimate.

The nascent global movement for debt audits may well contain the seeds of a new internationalism – an internationalism for today – in the working classes throughout the world. This is, among other things, a consequence of financialisation. Thus debt audits might provide a fertile ground for renewed forms of international mobilisations and solidarity.

This new internationalism could start with three easy steps.

1) Debt audits in all countries

The crucial point is to demonstrate, as the French audit did, that debt is a political construction, that it doesn't just happen to societies when they supposedly live above their means. This is what justifies calling it illegitimate, and may lead to cancellation procedures. Audits on private debts are also possible, as the Chilean artist Francisco Tapia has recently shown by auditing student loans in an imaginative way.

2) The disclosure of the identity of debt holders

A directory of creditors at national and international levels could be assembled. Not only would such a directory help fight tax evasion, it would also reveal that while the living conditions of the majority are worsening, a small group of individuals and financial institutions has consistently taken advantage of high levels of public indebtedness. Hence, it would reveal the political nature of debt.

3) The socialisation of the banking system

The state should cease to borrow on financial markets, instead financing itself through households and banks at reasonable and controllable interest rates. The banks themselves should be put under the supervision of citizens' committees, hence rendering the audit on the debt permanent. In short, debt should be democratised. This, of course, is the harder part, where elements of socialism are introduced at the very core of the system. Yet, to counter the tyranny of debt on every aspect of our lives, there is no alternative.

Cricket, Physics and the Laws of Probability

by Giffenman

In the recently concluded test match between New Zealand and England an event occurred which in this writer's opinion once again questions the predictability of an lbw decision as a method of dismissing a batsman and especially the DRS system which is being touted as a scientific fact. On the last ball of the 99th over in the England second innings the ball, to quote Andy Zaltzman in Cricinfo:

The ball ricocheted from Prior's flailing bat/arms/head, and plonked downwards, in accordance the traditions of gravity, onto the timbers. It did not brush the stumps. It did not snick the stumps. It did not gently fondle the stumps. It hit the stumps. The bails, perhaps patriotically mindful of their origins in early cricket in England all those years ago, defied all the conventional principles of science by not falling off.

If the stumps and bails had behaved as cricketing precedent and Isaac Newton would have expected them to behave, England would have been seven wickets down with 43 overs left.

If the ball having hit the stumps fails to dislodge the bails then doesn't it introduce even more uncertainty into a DRS based lbw decision which its supporters claim to be irrefutable evidence? This incident requires that in an lbw appeal the DRS should not only predict whether the ball, if not impeded by the batsman illegally, would have gone on to hit the stumps but also if it would dislodge the bails.

Supporters of the DRS rely on the infallibility of scientific laws to promote their support for technology. Then, like true scientists they should admit the weakness of their science whenever an anomaly appears. Assuming for a moment that these scientific laws are infallible then how do they explain the reprieve that Prior obtained? Also, shouldn't the DRS have been used to declare Prior out since the ball had actually hit the stumps?

Hence I would like to make a suggestion which may unite the supporters and opponents of the DRS. I suggest that the LBW as a method of dismissing a batsman should be struck off from the laws of cricket. Instead, a run penalty should be imposed on the batsman every time the ball comes in contact with an  'illegal' part of his/her body. The DRS could be used to adjudicate on this decision. The penalty could be  ten runs and increasing every time the batsman uses such illegitimate methods to stay at the crease.

I look forward to a debate.

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Abolish the LBW - it has no place in the modern world