Capitalism

Hidden ideal

Some time back I was reading a collection of essays by Ayn Rand, ‘twas titled Capitalism: The unknown ideal. I was foolhardy enough to put my status message as so on a professional networking site (LinkedIn). A friend of mine commented on that saying –

let me know how to ameliorate the fact that capitalism is pro-incumbent. Also how do we bridge the rich poor divide..Raising taxes for the rich?

Then started a slew of replies, back and forth. I did not understand why do we have to bridge the rich and poor divide. I soon put the issue to rest and went ahead with my day-to-day life … until yesterday, when a chance discussion with Amol led us back to this issue.

I do not see why do we, as a society have to strive for collective equality (why else would you want to reduce the rich-poor divide?). Amol said, that it is not fair, that some people should have a good life while others do not even have basic amenities. I agree, its not fair. But such is life! How can there not be a divide, if there were no difference between people, then there would have been no difference between you and me. So where would your individualism go? People can’t be equal, they have to be TREATED equally. There is a difference.

I agree, that the country needs infrastructure boosts … so much so that it should support the basic needs of all. But to expect that the rich feel for the poor and give willingly, naaah … I have no such feelings.

On a light note, let me paint a picture for you of what would happen if all people were equal, here’s a song by Groove Armada, check the video out – If Everybody Looked the same.

Careers: Visibility is not the only problem

One of my assumptions about career design lays shattered today. I thought that students do not have visibility into their next career spaces, and that is why there is so much confusion in the careers area.

However, after reading this post by Rashmi Bansal, it’s not just career visibility that is the problem, but also something else. In the post Rashmi has put down her conversation with an ambitious fellow. This fellow is an engineer (aren’t they all!!) working in an IT MNC firm (you knew this would be there) and wanting to work in a finance role such as i-banking or analyst (surprise, surprise). For this purpose, he has done enough research on the pros and cons of giving the CAT, doing an MS from IIT Madras and doing a PhD from a US University.

The boy has done his research, at one point Rashmi tells him to do give the CAT and to do an MBA from the IIMs; to which the boy replies that he wishes to do a PhD due to a demand-supply difference in the no. of PhD students v/s the no. of IIM grads.

All said and done, the boy is still in a quandary and hell bent on doing a PhD. Interestingly enough, all his choices can get him there. So the visibility is not stopping him, then what is? It’s fear.

Fear of making the wrong choice. He wants to foist off the choice making to someone has informed as Rashmi Bansal. In his latest book, even Seth Godin has touched upon this point. It’s fear that makes us fit in. Here the boy is talking about PhD because less people are doing it, but he is afraid of fitting in – because if he makes the wrong choice, then he will be singled out.

Reading as a lifelong practice

Reading as a practice

During my formative years, my parents took pains to ensure that I got access to a lot of books. As a baby I used to happily tear out pages from a book; the only reason my parents must have restrained themselves from taking that book away from me was the hope that one day I shall start reading the book instead of simply tearing it. Well, they were right, many torn books later, I opened a book and started reading it instead!! ’twas hand-me-down book which had been purchased on the footpath of Fort area in Churchgate. Malory Towers by Enid Blyton … Darrell Rivers and her stay at the Cornish school, it was almost magical (ala Harry Potter).

Then came the Famous Five and Secret Seven, soon followed by the detectives; Nancy Drew, Hardy Boys, Hercules Poirot and of course my favorite Sherlock Holmes. Every year my sister and I used to wait for vacations, because vacations meant – travel, bags of books, library subscriptions and lounging around all day reading books. Reading was a big help at various points in my life, to which I will always be grateful towards my parents.

Vocabulary

Reading and especially reading at a young age tremendously boosts your vocabulary skills. The words which a lot of people mug-up using word-lists for GRE and CAT preparations, are already familiar to you since you have read them in one book or the other. Language suddenly is not a constraint but a medium to be leveraged. Think about it, the section which a lot of people fear is the Reading Comprehension (RC), this becomes your forte because of your reading.

Learning is not a pain

Since you can read faster, there is a chance that you understand things faster as well; Ergo lesser time to study ;-). In fact who knows you might even enjoy it!! (Although I don’t guarantee this!)

General Knowledge

The amount of knowledge you pick up when reading through different books/magazines/articles is immense. Don’t believe me? Then try this simple exercise … pick-up a newspaper, any newspaper and just spend 15-20 minutes reading through any random set of articles. If you are not more informed then either you have been reading the daily funnies or the page 3 :-).

Communication

It helps you communicate better. Being well read is simply more topics to discuss :-). Ever stuck in a conversation where you have  no idea what the others are talking about? Well that’s ignorance. Read and drive away that ignorance!!

Helps in exams/vivas

Often during my engineering vivas and exams, I used to hope for questions which were outside the syllabus. Simply because the question outside the syllabus were from more or less current events. Having done a lot of other reading, this always gave me an edge over other students (who were much better at studies :-D). When it comes to dealing with the unknown, the well read person is at a distinct advantage.

The great thing about reading, is that it’s never too late. You might say, that I do not have any exams to give, but reading still comes in handy. Reading helps you be more informed about things which are interested in. Without reading, you cannot write. If you are a creative person or are involved in a creative job, then you have to read. Think of it as one more avenue of getting your inspiration. Your personal muse.

Ahh, and more thing, this is a form of entertainment which is customized for you, the book you read is your choice … if you like magic – then the Lord of the Rings, satire – then the Inscrutable Americans, sci-fi then – Isaac Asimov or the Dune series, philosophy then – The Fountainhead, medical then – Any Robin Cook, legal – then any John Grisham … I can go on. So what are you waiting for!?! If you can read through this entire post, then you might as well go to the nearest book store and pick-up any book that holds your fancy!!

Facebook monetizes

Facebook keeps changing its layout, looks, etc ever so slightly and so constantly that most users do not even notice the changes … until it hits them smack on the head. That’s what I like about these FB Apps, revisit the games after 3 months, and the game has also evolved … it has got more items, more plots … somehow it has become more interesting.

That’s why when I started playing Hero World, I couldnt help but notice that instead of having micro transactions through pay-pal or some such payment gateway, the game also had Facebook credits as a currency source. On further digging, I found that Facebook is offering users to buy Facebook Credits. Users can then exchange these credits with different applications.

Instead of carrying out micro transactions within games, now we can carry them through Facebook itself. Good to see a definitive revenue stream other than eyeballs and ads.

Edit: After seven years, revisiting this post in the December 2017. Facebook now boasts of a robust advertising model.

What’s your ideal?

I had written about Purpose and also how Perspective can be used to change the society, well … what does one do if one has neither? I did not have an answer for that now … if a person is devoid of both, then is his life a wasted time? Does he not achieve fulfillment??

Today, I get to throw one more term in this quagmire of confusion. If one has neither, then one need not worry … one simply needs to choose an ideal and uphold it. Simple. Pick an ideal of your choice, and live by it. I know its an axiomatic way of life, but imagine a world without living by any ideals.

Without an ideal, one may not know what is good or what is bad (think about this before you dismiss it). We talk about work-life balance … well, we choose work because we have career success as an ideal, we choose life because we choose being a good son as an ideal (or a good husband, a good father … the list goes on). \

The best part is that, there are no rules once you choose an ideal and live by it. Choice making is easier. I know a friend who lives by integrity as an ideal. Even if her job depends on it, she will choose to go take the path of integrity.

So what’s yours?

Technology as a catalyst

This on the New York Times, an article about how a librarian had to change her practice skill-sets from being an archive keeper of knowledge to someone who teaches the right way to access the right data.

How many of us still read books? Flip through their pages? Very few of the new generation do this … they prefer new age media to books. If the same concepts can be taught through videos, games, et al then why bother with reading the books?

If this is the world to come (and I am not fighting against it or complaining), then the article takes an interesting take on how old age practices have adapted themselves to the new age solutions.

Are Corporates anti-women?

A friend’s company recently published this article on Harvard Business Review. Here’s an excerpt –

New research by our firm, Catalyst, shows that among graduates of elite MBA programs around the world—the high potentials on whom companies are counting to navigate the turbulent global economy over the next decade—women continue to lag men at every single career stage, right from their first professional jobs. Reports of progress in advancement, compensation, and career satisfaction are at best overstated, at worst just plain wrong.

The report stated that there is not much correlation between child bearing and career growth for women, there was not any significant indicator as to why women are at a junior position v/s men on the same career path. The only indicator which showed bias was the entry roles offered to women, where they had to prove their worth to the organization before being taken for higher roles (10% women were accepted at higher level roles v/s 19% men were accepted at higher level roles).

To know more of the scenarios that is in corporate India, I did some secondary research (read googling) and came with some interesting articles. This one says that the condition of women in India Inc. is no different, some excerpts –

Surprise? Not really, as experts say that a bare three per cent women occupy senior positions in private companies across India. And most of the companies only have five to six per cent women employees. What is more, a national daily quoted Pallavi Jha, former chairperson of the Confederation of Indian Industry (CII) (Maharashtra Region) as saying; “A study on women graduates of the Indian Institute of Management, Ahmedabad, showed that more than 70 per cent do not pursue a career.”

A study conducted in 2007 revealed that this discrepancy is not only observed in the lower echelons of company management, but even more so at senior management levels.

Out of the 9,000 people on boards of the BSE-listed companies, only five are women. Indian companies seriously lack women in senior management roles, HR consultants say.

If one has to change this, then who does the responsibility lie with? The women to achieve more? The men to give women a fair chance? The organizations to level the odds for both the genders? The education system? Or the society to change their mindset?