Chapter 2.1: Capitalism with Conscience

For seventy years, the Indian school system and the Indian media have taught us that “Profit is a Dirty Word.”

We were raised on stories where the “Businessman” is always the villain—the greedy “Lala” who exploits the poor. We were taught to view the “Bureaucrat” as the hero—the noble servant who “allocates” the nation’s resources.

This is an Economic Poison.

To be a Sovereign Indian, you must reclaim the concept of Artha. You must realize that Wealth Creation is a Moral Good. You must move from a “Socialism of Poverty” to a “Capitalism of Conscience.”

Profit is not a Dirty Word: The Morality of Value

What is “Profit”?

Profit is the Signal that you have created something that other people value more than the resources you used to build it. It is the proof of Efficiency and Utility.

A sovereign individual is a Wealth Creator.

We must stop treating the entrepreneur as a “Suspect” and start treating them as a Civilizational Hero. The man who opens a factory does more for the poor than the politician who gives a thousand speeches about poverty.

Crony Capitalism: The Enemy of the Free Market

We must not confuse “Capitalism” with the “Cronyism” we see today.

In India, we have a system where a few billionaires—the “Oligarchs”—control the vast majority of the nation’s assets. They don’t win because they are “Better”; they win because they have Connections in New Delhi.

This is the “License Raj” 2.0.

A sovereign individual supports Free Markets and Fair Competition.

Cronyism is just “Socialism for the Rich.” We want Capitalism for Everyone.

The Startup Nation: Solving Indian Problems

For decades, the “Indian Dream” was to Export our talent to help Western companies.

Path 3 requires us to Import the Challenge.

A sovereign individual doesn’t wait for “Silicon Valley” to solve our problems. You realize that we have the Largest Laboratory in the world right here. Solving a problem for 1.4 billion people is the greatest economic opportunity in human history.

Ease of Doing Business: The Regulatory Cholesterol

The biggest barrier to Indian wealth is the Bureaucracy.

We have a system of “Regulatory Cholesterol” that clogs the arteries of commerce. It takes months to get a permit, years to settle a contract, and a lifetime to close a business.

A sovereign individual demands Minimum Government, Maximum Governance.

Every hour an entrepreneur spends filling out a form is an hour they aren’t building the Renaissance.

The Verdict

Wealth is the Infrastructure of Freedom.

Without a thriving economy, all our talk of “Sovereignty” is just a dream. By embracing Capitalism with Conscience, you are ensuring that the Renaissance is Funded.

Now that we have fixed the “Creation,” we must look at the “Accountability.”

Let us look at Taxation and Accountability.