Dakshin

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Book cover for The Third Pillar: How Markets and the State Leave the Community Behind
It could arise when overindebted industrialists, pressed by bankers to repay, dumped their excess inventory and machines on the market.
Dakshin
Another dimension to supply chain finance. Unimagined. Possible.
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Thiruvalluvar
“செயற்கரிய செய்வார் பெரியர் சிறியர் செயற்கரிய செய்கலா தார்.”
Thiruvalluvar, திருக்குறள்: குறள், தமிழ் உரைகள், மொழிபெயர்ப்பு மற்றும் ஒலிபெயர்ப்பு

“The state collects tax for the greater welfare of its citizens in the same way as the sun evaporates water only to return it manifold in the form of rain.’ (Ch. 1.18) —KALIDAS, RAGHUVANSHA, CIRCA 4 CE”
Satish Y. Deodhar, IIMA-Day To Day Economics

Thiruvalluvar
“பொறிவாயில் ஐந்தவித்தான் பொய்தீர் ஒழுக்க நெறிநின்றார் நீடுவாழ் வார்.”
Thiruvalluvar, திருக்குறள்: குறள், தமிழ் உரைகள், மொழிபெயர்ப்பு மற்றும் ஒலிபெயர்ப்பு

Liaquat Ahamed
“Because the value of a currency was tied, by law, to a specific quantity of gold and because the amount of currency that could be issued was tied to the quantity of gold reserves, governments had to live within their means, and when strapped for cash, could not manipulate the value of the currency. Inflation therefore remained low. Joining the gold standard became a "badge of honor," a signal that each subscribing government had pledged itself to a stable currency and orthodox financial policies. By 1914, fifty-nine countries had bound their currencies to gold.”
Liaquat Ahamed, Lords of Finance: 1929, The Great Depression, and the Bankers who Broke the World

Jared Diamond
“Those historical inequalities have cast long shadows on the modern world, because the literate societies with metal tools have conquered or exterminated the other societies.”
Jared Diamond, Guns, Germs and Steel

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