The US economy thrives on a singular concept: C onsumerism . The concept of spending money I don't have for things that I don't really need but still want to possess. It is contagious, addictive, and . This also creates a huge market for second-hand goods. Together, these two drive the market - more cash flowing through the system, more wealth being created, more debts (a revolving credit card debt of $10,000 is pretty common it seems) - and eventually, more goods being consumed. Therefore, if your TV or the sofa comes with a 5 year warranty, most people are happy with it. They will sell it or discard it and get a new one at the end of five years anyway. So far so good. In India, however, I grew up with the concept of buying things for the long term in practice around me everywhere. Or as Westerners are learning the concept so recently, we believe a lot in Jugaad technology - making do with limited resources to achieve equal ends. When I was in school, one of my friends sho
The chronicles of Sudipta:
the man, the machine, and everything inbetween