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HindustanTimes Thu,31 Jul 2014

Protest all wrongs, minor issues may become major ills

Dhirendra Kumar   December 30, 2012
First Published: 21:16 IST(30/12/2012) | Last Updated: 21:19 IST(30/12/2012)

If there is a broader lesson to be learnt from the ghastly events of the last fortnight, it is that all of us need to complain loudly and frequently about everything that is wrong with the system.

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To elaborate, this has nothing to do with crime or women’s safety specifically. It holds just as true for investments and personal finance — the domain that I have observed closely for more than two decades now.

And it’s not about the outright criminal activities, but the things that have become part of the routine.

There’s no shortage of individuals or businesses that keep taking small liberties with your money as part of their legitimate activities. It’s not just about the shady gold coin or teak tree or emu farming Ponzi schemes — those are beyond the pale anyway. It’s your bank — a name known around the world — that quietly makes changes in how it'll charge you if your balance falls below the minimum.

It is equally the online brokerage — a well-known name in the business — which starts emailing you research reports you never asked for and then tags on some fees for it.

It is also the phone call you get from one of the oldest names in Indian business, and the caller claims to be selling an ‘investment plan’; when you dig deeper it turns out to be an insurance policy except the caller skilfully avoided using the word ‘insurance’.

And, don’t even ask about how the credit card business is run around the world.

All of this goes on because no one ever complains. It normalises behaviour that should be unacceptable, and emboldens the perpetrators (or others watching them) to try bolder and bolder stratagems.

In a way, this is a variation on the ‘Broken Windows’ theory of criminology. The theory says that if small transgressions go unchallenged and unfixed, it creates an atmosphere where big ones can happen.

The solution is not to let anything go unchallenged — complain and protest every wrong, no matter how minor it may appear at first glance.


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