Economic Prosperity and Crime Rate | stockbee


Economic Prosperity and Crime Rate

The Mumbai SENSEX is not the only thing going up out here in India. One side effect of the economic boom in India is dramatic rise in crime rates. For last couple of weeks I have been reading local newspapers and watching local TV and talking to lot of people, one thing is clear , there is dramatic increase in crime rate.

This week TV channels were running a story of a daring day light robbery caught on CCTV in a jewelery shop in Bangalore. The footage showed 5 armed men entering the shop and pushing the employees and customer in a room and coolly walking away with all the jewellery in the shop.Out here in Pune where I am currently based there has been over 23 jewellery shop robberies in last one year according to the local newspaper.

Residential robberies are also a major problem. Most home owners are scared of robberies and break ins. According to the weekend newspaper here most housing colonies are hiring armed guards and in many areas local citizens have set up voluntary night vigils to prevent crime.

Two popular items with robbers are mobile phones and laptops. There have been number of cases since I came here of motorist being stopped at gun point on isolated spots on highways and asked to handover mobile phone and laptop. The highway connecting the city to the IT parks out here seems to be easy target for criminals.

Traditionally Pune was a calm, sleepy city with extremely low crime rate. Greater economic prosperity has made crime a high paying enterprise.


James said...

Sorry to hear that but that's what usually happen when the wealth is not spread widely enough among the population.

Lisa said...

The only way to "spread" wealth is by having a capitalist system. Crime occurs because there are people who want something for nothing. Crime does NOT occur because some people become wealthy. If not for the creators, inventors, and wealthy people, these criminals would have nothing to steal.

Arn said...

Lisa - You said it correctly!!!

"wealth spread widely enough among the population." .. aka communism.

communism fails every time it is put in place (or attempted to put in place). It steals the breath from the human spirit! it rewards the lazy and punishes the workers/inventors/creators.

James said...

you're assuming way to much from my words! I've not even stated (and will not) how to spread wealth. On this planet there are many types of societies with different rich/poor and criminality ratios.
I was not thinking at all about communism. This ideology is mostly dead these days.

Arn said...

Redistribution of wealth is bad, no matter how you label it.
If you get something that you did not earn it is wrong.
There are no free lunches. Someone has to pay.

let me say it again:
"It" steals the breath from the human spirit! it rewards the lazy and punishes the workers/inventors/creators.

I am not assuming anything. Your words - "wealth is not spread widely enough among the population. "