Strategic Consultant
Banwarilal's samosa business serves as a parable for economic downturns, highlighting the impact of greed and poor decision-making. His son's fear-driven cost-cutting measures nearly led to the business's collapse during a recession. Returning to ethical practices, Banwarilal revived his business, illustrating the importance of quality and ethics for sustainable success. This story emphasizes the need for responsible and far-sighted economic practices to prevent future crises.
Mary, a Dublin bar owner who offers "drink now, pay later" scheme, sees her sales boom, leading her local bank to increase her borrowing limit. The bank transforms these customer loans into securities, selling them to unaware investors. This leads to massive profits until the bank demands payment, resulting in Mary's bankruptcy and subsequent closure of the bar. The securities devalue, freezing economic activity and leading to job losses. Despite the economic struggles, the bank, brokers and executives are bailed out by the government, funded by non-drinkers' taxes. The story illustrates similarities with the 2007-08 economic crisis.
Indrajit Roy Choudhury 