Hmm!! Now that’s a thinker. In a way the goal of both the Businessmen and the Finance ministry is common i.e., Profits. But, the way both these earn profits is totally different. A Businessman can earn profits by whichever means he finds suitable, whereas in case of Finance ministry the profits are earned putting welfare of a common man as a top priority.
Talking about India, the economic reforms over the past 15 to 20 years have been characterized by crony capitalism. There have been many missions and omissions due to all the scandals that we have witnessed. And putting a Businessman in finance ministry in such a scenario would aggravate the problem. The first thing that a businessman would do is try and get his opponent out of the market by manipulating all the policies.
Plus there is a basic difference between a Businessman and a Politician. A politician has a varied experience in all the fields. In general a politician has worked in more than one department like Zilla Parishad, PWD, Department of Telecom, etc. He understands every aspect or every sector that is affected by the Finance Ministry, whereas a Businessman has expertise in only one field. He may or may not understand the effects of his decisions on other sectors.
On the other hand, there is a very little room for error or mistakes when one takes financial decisions for a country. When a businessman takes any decisions it is his company or organization that incurs the losses or benefits the profits. But when the Finance minister takes a decision its effect can be seen directly on people or the nation as a whole.
So to sum up then i personally think that Businessmen should not be allowed in Finance Ministry.
the politicians had their chance to run the country, they did their best ! it’s time the business man showed their worth ‘coz Indian Businessman are know around in the world for their sheer brilliance in running an organization…
very immature
Firstly congrats to Sidwho on starting is own blog.
A very serious article never know he was that way in college, nevertheless people change.
I actually agree with what sidwho says over vaibhav because though Indian businessmen have shown brilliance all over the world, it was for their own pocket not for the public as a whole.
Who said anyone is perfect, I feel though the politicians may be straight as a ‘jalebi’. They are a safer bet over businessmen long term
Its really good…..but i was expecting a deeper analysis.