World Economies are in a bad shape. Is there anything that can to be done to substantially curb inflation? The most critical and challenging aspect of controlling inflation is by wiping out corruption. The amount of black money is so huge that if used properly it can help 10 million poverty-stricken families live a joyous life.
Developing economies like India are struggling due to corruption. It starts at the root level and progresses to the topmost level. You yourself are the primary instigator of corruption. Aren’t you? Have you never paid bribe to the traffic police to escape from the penalty of breaking a traffic signal? Corruption starts at the bottommost layer. Giving bribes to get your work done is most common form of corruption. Politicians have been taking advantage of the helplessness of common public. Anything and everything happens under the table. From getting a house gas connection to the selection of an IPL team, all channels are deeply rooted in corruption. The basic question is how do you stop it?
You can start it at your individual level. If each person thinks the same way and refrains from it then it would definitely lead to some sort of harmony. It will take some time but it has to be imbibed in the blood of people. Extremely harsh penalties for those taking and giving bribes is the need of the hour. There is unbelievable amount of black money floating around. Majority of the money goes in the pockets of the filthy rich people. All guilty people involved in this black business need to be punished irrespective of who they are. Otherwise, the rich will continue to be richer and the poor will get poorer.
Inflation has been increasing in the past few years. If corruption is not controlled then there would be a time when one kg of rice would cost a whopping 1000 rupees. Would sound exaggerating but this can turn into a reality very soon.
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