Food for work programs like MNREGA are aimed at keeping the pressure cooker of anger among the poor from bursting. There is always a possibility, a hope, the bare minimum assurance that they will get food for that day.
Mutual funds is that pressure cooker valve for the middle class. It is an elaborate scheme in which they will never win anything. But there is hope, a possibility, a bare minimum assurance that they will have their get rich by working hard dreams for that day.
The middle class has no idea that the house always wins. But he gambles. Throws the dice at the beginning of every month and pours over the excel at end of it. In the end, there is no number. There is text.
”The market is down becuase…”
Share markets boom even when job losses are at a record high. Ambani has bought Big Bazaar, Adani has bought Mumbai Airport. Middle class has bought Edelweiss Tax Saver Fund.
Mutual fund sahi hai. For the system. For the govt. For the businesses. Because, even if there is one crystal of sugar for a billion ants, they all line up and organise. Without that, there will be anarchy.
