Some fuming jackasses have a point. They're tired of being quiet for the sake of betterment even in the face of a blatant reality where things stay the same. The bigots evolve into racists and then into genocidal xenophobic mobs. In times like those (these), if the fuming jackasses don't speak up, the rest of you silent mules remain silent and in the process lose the function of your backbones. (you being not you)
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Fool me once, shame on you (Gujrat)
Fool me twice, shame on me (Delhi)
Shall I go on?
I myself agree with all of this. (particularly, fool me twice). Yet, if you think you can have a sustainable and stable situation in society by neglecting/ disparaging/ insulting the other side on emotive issues then you are just playing their game. The ring master gleefully watch because it gives credence to their theories of "Insult to majority's pride" by "Leftist intellectuals". You may not be getting this point, or maybe have outgrown it (as you said above), a balance of conservative values and liberal exploration needs to go hand in hand.
Putting words into my mouth with the argument on "broken moral compass" is typical of the self-righteous grandstanding on display by left-liberals everywhere. (which you may or may not identify as). You only play by the rules of the bigots if you use the same attitude of publicly disparaging things like Saffron/ Cow-worship etc etc. It doesn't serve the purpose you think it serves.(Shaming these people into thinking that the values they hold are ridiculous).
We all have a spectrum of thoughts and can agree/ disagree on a lot of things despite our political/ economic leanings. Yet, use of such language on social media only strengthens the agenda of those who sow divisiveness.
You really didn't need to do all this economic analysis. (A lot of which is your opinion and not facts) as I agreed at the outset that they have made a blunder out of an important mandate. Linking demonetisation with everything from NPA's to Real-estate failure to Rupee devaluation is pretty much conjecture. There is a history of bad corporate governance at banks where NPA's have widened. Many will say that real estate collapsed after demonetization because you can no longer transact using unaccounted cash. So that money is not moving anymore. Then there is the issue of willful evasion by several MSME's which feeds into the cycle of corruption in Babudom at every level. What you see as throttling of "animal spirit" by a "petty tea seller", many see as the bitter cleansing of an entrenched system of elite babus, politicians and businesses feeding each other.
These "Reforms" were not ill-conceived per se but it is now clear that they have only replaced a certain set of elites from another one of their own liking. This is the moment of truth for opposition to come clean on corruption and actually have a plan and conviction for equitable welfare. That is why someone like Kejriwal becomes all the more important. I have lost all hope from the leftists/ dynasty-led centrists who only feed this monster of partisanship with their attempts at satiric/ insulting take-downs of conservatives and "majority vs minority" narrative.