Let Them Eat Philanthropy: Piramal’s Divine Economic Paradox
This paper offers a critical, self-reflective interrogation of the intertwined narratives of corporate philanthropy, regressive taxation, and public disenfranchisement in contemporary India, with a particular focus on the Piramal Group. Juxtaposing India’s rising indirect tax burdens on the middle class with corporate tax minimization strategies, the essay exposes the paradox of ‘development’ that privatizes profit while socializing environmental and health costs. Using a blend of sarcasm, literary parody, and empirical data—ranging from GST fluctuations to the crumbling public healthcare system—it deconstructs how ‘philanthropic’ giants like Ajay Piramal reap tax benefits, wield influence through electoral funding, and contribute minimally to actual public welfare, while projecting moral superiority through CSR and token charity. The work situates this critique within broader discourses on crony capitalism, Gandhi’s misappropriated trusteeship, and the Summers Memo logic of “let them eat pollution.” This analysis ultimately questions the ethical legitimacy of corporate altruism in a system rigged for profiteering, illustrating how the economic policies of the last decade have systematically eroded public goods in favour of oligarchic consolidation.
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