Narayan Murthy crying in the corner

What are the views on the Bangalore Tech Summit 2023 on the conversation between Narayan Murthy and Nikhil Kamath ???

The arrogance just a few months back: https://youtu.be/4erSfOlKvhA?t=222 Vs. breaking into tears now :/

● "70-Hour Workweeks and Peanuts" - It's Not Just "How Markets Work" Claiming that grueling work hours and low wages are intrinsic to free markets oversimplifies a complex issue. Capitalism should mean fair exchange, not exploitation. ● "Founders' Fortunes vs. Employee Pennies" - Rethinking Entrepreneurial Rewards Rewarding risk is valid, but amassing vast fortunes by underpaying employees raises ethical questions. Capitalism should be about equitable rewards, not just personal gain. ●"Don't Blame, Analyze the System" - Seeking Systemic Improvement Critiquing capitalism isn't a personal attack; it's about refining the system. Understanding its flaws allows us to make it fairer for everyone. ●"Critique, Don't Opt Out" - Working Towards a Better Capitalism Suggesting one should avoid capitalism if they criticize it oversimplifies the issue. Critique is a call for reform, not rejection. It's about making capitalism more equitable, not abandoning it. No offense to the author, but the excessive toxicity that some folks spread across social media, be it on Twitter or LinkedIn, with others blindly hopping on board, really highlights how we sometimes let our critical thinking slide.

Had nowhere to write about this but I feel so angered. Young people should work 70 HOURS? IN A WEEK? For what? Why is there 70 hours worth of work to do? You pay consultancy firms and good for nothing managers to optimise things and make it more efficient, no? Why can't you make sure work happens within the 40-50 hours? Or readjust deadlines and expectations at least? The employees allow you to bring in more profits, no? Hire more people - let them spread the workload. Give them more time off. Let them use the 40-50 hours they're already putting in more effectively instead of pressuring them to put more hours? A skilled potter takes less time to make a pot than an idiot trying it for the first time. Does that mean the idiot is more hard working? What is your logic in saying that Indians need to put in more hours to compete with the world? Put more money into your employees no? An extremely bright engineering friend of mine was given a <3 LPA offer from Infosys. That kind of amount is a rounding error for any single client order and you're playing games with someone's livelihood? Shame on you.

The US is in its late stage capitalist phase, a ship that's going to sink for the next 50 years. If you're a young person there it doesn't make sense to work as hard as your Grandpa the reward on average isn't as great. India on the other hand is poised to become a great multi-trillion $ economy. Onto something huge. We're talking like 10x growth of the economy here. Start-ups that have made it like Razorpay, Swiggy, PayTM, even Cred, if they survive will be really huge as capital in the country, liquidity and lifestyles go up over the next 50 years. Be the capitalist, take the risks, make bets, work and stack up promotions and money. Don't join an Infosys and work 70 hours there, do it for a start up of any scale you believe is going to make it. Or better yet start your own.