These words by our Agricultural minister Mr. Sharad Pawar, reminded me of a lesson in History. It has been a myth that the French Revolution got more push after the Queen on knowing that people cant afford bread had said….”If they cant eat bread, then let them eat cake”.
The price of sugar has almost trebled over the past two months. Frankly everybody knows that its just not the inflation or bad climatic conditions. Our agricultural minister is involved in the major sugar lobby of India , and that is a know fact. Hoarding of sugar during festival seasons is nothing new in India.
Yet people never complain. They buy at whatever rate it is available. So nothing wrong with our minister again saying that “People’s purchasing power has fueled the price rise”.
We Indians wont complain about the price rise. We will only complain to our bosses to increase the salaries, to face the price rise. The boss will increase the price of his products to cover the increase in salaries paid by him and to also pay for his own purchases. The cycle will just continue, and we will say…oh sugar used to be 1/3 of the price of what it is today…….
This also reminded me an article which I had read and posted on my blog in June 2008.
ReplyDeletehttp://jayantgajria.blogspot.com/2008/06/oil-spikes.html