Was demonetization good or bad, depends on which category a person belonged.
For organised capitalists, it was a god sent opportunity, as it's leading to consolidation n mkt opportunity. But for poor people, labourers, farmers, SMEs, mSMEs, it was a devil's created mess.
Surely, GDP will go up and it will be hailed as masterstroke by paid media, but at the cost of heavy agony to the masses. In a country, where 60% population lives under $3 a day, this was a heartless n draconian.
The minds of the youth r seeded with insecurity. There isn't any new hospitals, schools, social welfare projects that came up in last 2-3yrs, and the household savings - the security of masses - has also been usurped away from poor, presumably to save SBI n its clients. Sadly, entire exercise hadn't yielded anything as the entire capital has come back to RBI. Next will be cyber hacks n misuse of Aadhaar.
Someone did review of few years of history - last 5000 yrs - and the history doesn't make future look good. See this.
Placement
As capitalists, considering the economic earthquake, we r positioned well. Food, water, air n credit, all supplied by private sellers, r now the basic requirements of economically imbalanced society run by capitalists. Till it lasts this way.
