{"id":43846,"date":"2023-11-30T06:39:19","date_gmt":"2023-11-30T06:39:19","guid":{"rendered":"https:\/\/cabanesetcompagnie.com\/?p=43846"},"modified":"2023-11-30T06:39:19","modified_gmt":"2023-11-30T06:39:19","slug":"capitalism-only-solution-to-poverty-says-murthy","status":"publish","type":"post","link":"https:\/\/cabanesetcompagnie.com\/business\/capitalism-only-solution-to-poverty-says-murthy\/","title":{"rendered":"Capitalism only solution to poverty, says Murthy"},"content":{"rendered":"

Capitalism, grounded in the twin pillars of a free market and entrepreneurship, is the singular solution to addressing the issue of poverty in India and any country, N R Narayana Murthy, co-founder of Infosys, said during a fireside chat moderated by Nikhil Kamath, co-founder of the brokerage platform Zerodha.<\/p>\n

<\/p>\n

“The government should function as a fair and transparent regulator.<\/p>\n

“On the entrepreneurs’ side, they must recognise themselves as evangelists for capitalism.<\/p>\n

“Capitalism is relatively new in India, and it’s not enough for entrepreneurs to simply seek a free market.<\/p>\n

“They need to bring fairness, transparency, and accountability to the operation of their enterprises.<\/p>\n

“Decisions should positively impact even the lowest-level employees,” Murthy emphasised during the Bengaluru Tech Summit.<\/p>\n

Murthy reflected on his personal evolution from a “confused Leftist” to a “determined compassionate capitalist”.<\/p>\n

He stressed that as capitalism evangelists, citizens should be willing to accept a higher level of taxation, especially in developing countries compared to developed ones.<\/p>\n

Applauding the government’s National Education Policy, Murthy deemed it a step in the right direction.<\/p>\n

“The need of the day is to instil independent thinking, active listening, critical thinking, and the ability to relate classroom learning to real-world problems in the minds of children,” he added.<\/p>\n

Regarding Bengaluru’s status as the country’s technology capital, contributing around 35-37 per cent of the total software exports amounting to about $75 billion, Murthy suggested that the state should facilitate the opening of more English medium schools to enhance the city’s attractiveness.<\/p>\n

He also stressed the urgency of improving the city’s infrastructure, citing China’s quick decision-making processes as an example.<\/p>\n

“People in the infrastructure industry must work three shifts a day.<\/p>\n

“Merely working a single shift from 11 am to 5 pm is not sufficient.<\/p>\n

“In nations with high aspirations, I’ve witnessed people working at least two shifts.<\/p>\n

“I can vouch for two shifts of work,” he stated.<\/p>\n

Murthy attributed Bengaluru’s growth to its hospitable, accommodative, welcoming, and kind population, noting Karnataka’s long-standing reputation for producing skilled engineers.<\/p>\n

To achieve a high gross domestic product per capita, Murthy urged political leaders to carefully study China, emphasising that this recommendation is separate from geopolitical considerations.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Capitalism, grounded in the twin pillars of a free market and entrepreneurship, is the singular solution to addressing the issue of poverty in India and any country, N R Narayana Murthy, co-founder of Infosys, said during a fireside chat moderated by Nikhil Kamath, co-founder of the brokerage platform Zerodha. “The government should function as a fair and transparent regulator. “On […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"yoast_head":"\nCapitalism only solution to poverty, says Murthy - cabanesetcompagnie<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cabanesetcompagnie.com\/business\/capitalism-only-solution-to-poverty-says-murthy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Capitalism only solution to poverty, says Murthy - 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