Ryan Phelan writes about the recent surge in email M&A: “Intuit buys Mailchimp for $10 billion. FreshAddress and TowerData merge. The CM Group (Campaign Monitor, Liveclicker, Sailthru, etc.) merges with Cheetah Digital. Pathwire acquires Email on Acid. Sinch acquires Pathwire. MessageBird Acquires US-based SparkPost for $600 million.”
R Jagannathan: “Even unbiased people have been reluctant to note the transformative nature of Modi socio-nomics is simple: It was less visible to the eye so far, as deep reforms take five or six years to deliver. Now they are becoming visible….Here’s what could be ahead for India: A $10-trillion economy by 2030-32, a Sensex at 1,00,000 by 2025, monthly GST revenues at Rs 2 trillion by 2024-25, 100 new unicorns by 2025, and poverty below 5 per cent by 2030. It’s possible because Mr Modi could see what the experts could not.” A different view from Atanu Dey: “Modi is perhaps the greatest politician India has ever produced. Compared to him, MK Gandhi was an amateur. Modi understands the criminal political mind well. Naturally so. He can manipulate them. And win elections by manipulating the poor by promising them goodies. Winning elections is one thing. Understanding what the right thing to do is another. Thus spake the great Khagan emperor, Genghis Khan: “Conquering the world on horseback is easy; it is dismounting and governing that is hard.” The hard stuff has escaped Modi.”
Milton Friedman: “Government has three primary functions. It should provide for military defense of the nation. It should enforce contracts between individuals. It should protect citizens from crimes against themselves or their property. When government– in pursuit of good intentions tries to rearrange the economy, legislate morality, or help special interests, the cost come in inefficiency, lack of motivation, and loss of freedom. Government should be a referee, not an active player.” [via Atanu Dey]
