Crony Capitalism and it's paid office bearers

So we have a Bharat bandh supported by almost all opposition parties. Without getting into the merits or demerits of the bandh itself, a govt. which is presiding over one of the most corrupt period of India's political history has no right to tell ordinary citizens, already reeling under the effects of double digit inflation, to tighten its belt even further.
If fiscal deficit is to be controlled one way is also to improve revenues, which is precisely what the 2G, Coal allocation etc. were supposed to do through correct price determination through competitive auctions. Whereas they were allotted to all near and dear ones of the ruling party and its cronies (some say even in the main stream media) and therefore the revenue accrued is obviously depressed.

Now if the govt.'s argument is that the loss is notional and therefore not actual loss, then let us citizens tell the honourable economics Phd. PM that even the subsidies or losses to oil marketing companies are notional. Notional because they are compared to the international crude price and not actual input costs. You can't have two sets of rules. Stick to one set of accounting - either aggressive or conservative. That is Accounting 101 Mr. PhD.

Finally let us look at the paid office bearers of the crony capitalists. The CII says Opposition's bandh costs people over $2 billion loss
Now see what they were saying during the scams - 
1. http://www.indianexpress.com/news/cii-warns-on-motivated-coalgate-action/999356/ 
They have the gall to ask the govt. to keep these allocations achieved through fraudulent means intact. So essentially if a thief takes over your property he shouldn't be allowed to vacate cause he had bribed a local official to change the rules.

2. After the 2G scam, the CII issued a statement that high spectrum prices will hurt national interest and inclusive growth. Link here. The byline is that it will hurt the crony capitalist's interest.

And that is possibly the biggest challenge with doing business in India. The whole system is controlled by a select few who deliberately want a non-transparent system so that their monopolies remain intact.

New Solution to Deal with Sub-prime problems

Well the news is that our very own Dr. Manmohan Singh has told our (oops !! sorry Mrs. Patil) president Elect Barack Obama that US shouldn't become protective due to the ongoing global economic crisis.

Hey Dr. Singh there is a better and more permanent solution. The source of the crisis was the Sub-prime lending. So how to curtail this kind of bad lending practices especially when there is (rather was) so much liquidity floating around in the market ? The answer is simple, why don't we export some super-prime people to the US. US should increase the H1B quota and import more people from India, China and Russia, especially the nouveau rich who will then go and get intoxicated by the american consumerism and splurge on knick nacks (chinese toys, indian clothes), leading to demand and overall world economic growth.

Of course there will be the american public who will cry hoarse over outsourcing and non-whites (except the Russians) taking over. Well to tide over that, all skilled workers should be exported to India, Russia and China as these are the places where skilled work gets done these days. So these skilled people will now find jobs in these "growth" economies and will prosper. In the meantime the next generation nouveau rich will have outspent their money and again threaten the system. So now its time for these people to have a "growth" economy stint, while the sons and daughters of the hardworking skilled workers should again be sent to the US to fuel the growth. In case you think that this is an unworkable solution, the goverments of middle east such as Dubai etc. already have low tax shopping areas to spur international travellers. All I am asking is that convert US into a vast shopping mall and one generation holiday !!!

There is my thesis for the economics Nobel