Demonetization: Where's the Outrage?
A few weeks back, I wrote about the parameters based on which I felt that we, the middle class, should evaluate demonetization . As the self-imposed 50 day deadline approaches, it’s clear that the daily limits on currency withdrawal aren’t going away in that timeframe. Nor are the smaller denominations of currency going to be available easily. So where is the outrage? Why aren’t there protests yet? Why isn’t the opposition able to capitalize on this so far? I can think of a couple of reasons: - The majority still feel this is a necessary move to tackle black money. After 60 years of complaining about the evil, most people feel that the pain caused by demonetization can be tolerated for some more time if the ultimate goal is achieved. That hope still remains in many people. - Shadenfreude: meaning “to take spiteful, malicious delight in the misfortune of others”. Many derive pleasu...