Waving off farmer's loan isn't bad economics. That the farmers are in a position so it has to be done is the bad economics. That the govts have failed to setup a system in place where farming is viable is the bad economics.
When the corporate loans are written off, the middle class quite don't see the same way. For them, the capitalists who represent "merit" and "competition" are allowed to make mistakes. Farmers are not.
They say waiving off loan will extinguish the farmers' spirit to produce good output. Anything remotely related to social welfare policy making is a strict no-no.
In their utopian world, the state must only intervene to help troubled capitalists, not to disturb the free market by helping the workers. In their mind, that looks and sounds like equality.
Being in a position of privilege and declaring that loan waiver is bad economics is so damn ugly. Especially when you lauded the 3000 crore statue which was made to make them feel better about themselves.
The “middle class” feels they are being kind to agree to “donate their taxes to help farmers” but they are okay with their tax compensating the incompetence of the capitalist failing at his business.
The story is more or less the same for all class struggles. The oppressor class can always afford to “misbehave” but the oppressed cannot question the status quo of subservience.
"Activists" are “protesting” against "offended sentiments" but farmers marching for justice are “creating traffic blocks”. Mainland mob rioting and raping are “justified reactions” but Kashmiris pelting stones are mindless terrorists.
Siddharth
SayIt