India’s Sickening and Immoral Move

By Steve Forbes, Editor-in-Chief

Would you like to read the most idiotic, uninformed, opinionated, know-all comments about Indias demonetization? Read the editorial of Forbes Magazine (US January edition) by its Editor in Chief, Steve Forbes under the caption 

“India’s Sickening and Immoral Move.”

You may agree with my comment just after reading the heading of the editorial. Don’t be in a hurry. Read the diatribe in the very first sentence vomiting all Steve’s venom, scorn and hate against India: “In November India’s government perpetrated an unprecedented act that is not only damaging its economy and threatening destitution to countless millions of its already poor citizens but also breathtaking in its immorality.” If he had written this in December, I might have ignored it. In January, the whole world is appreciating our Prime Minister’s step, a very large majority of its citizens and excepting a bunch of dyed in wool opposition leaders, most are applauding him for his bold step. This editorial shows his total bias against India and his envy of a nation which he might fear is trying to replace alleged U.S. leadership in the third world.

Demonetisation has neither ‘damaged India’s economy,' nor ‘threatening destitution’ and he does not give a single reason to justify his flippant and baseless conclusions. The fact is just the opposite. Same countless millions of poor and destitute citizens have welcomed the step and offered their support openly to it in social media. Countless economists, leaders and economic organizations world over are on record appreciating this effort.  Does Steve read only newspapers that dish out only US news?

Then he rambles on the familiar ‘advanced’ world’s thinking about the developing world. Totally irrelevant. Worries about ‘real estate market’s ‘tanking.' He lets the cat out of the bag by his worries. He does not understand how black money has been ruining India, as money bags are ruining the USA.

Before he worries again and again about the millions of poor, destitute and jobless workers of India, why does not he say something about how his nation is treating the same people?

The most foolish of his statement is about calling demonetization as an act of immorality. He condemns Indian Government’s action of ‘confiscation of hard earned money of 85% of population’ absolutely not understanding that ALL THE MONEY DEMONETISED has been returned in new currency to its original owners, except the money which the black money holders could not account. That was the exact purpose of demonetization.

This fellow is not fit to be a sub-editor in any self-respecting magazine. But because he owns it, calls himself Editor-in-Chief. Maybe it should be Editor-in-Cheap.