{"id":9844,"date":"2013-10-07T09:00:42","date_gmt":"2013-10-07T13:00:42","guid":{"rendered":"http:\/\/www.Centives.net\/S\/?p=9844"},"modified":"2013-10-07T07:22:21","modified_gmt":"2013-10-07T11:22:21","slug":"the-cows-are-leading-a-charge-against-capitalism","status":"publish","type":"post","link":"https:\/\/www.Centives.net\/S\/2013\/the-cows-are-leading-a-charge-against-capitalism\/","title":{"rendered":"The Cows Are Leading A Charge Against Capitalism"},"content":{"rendered":"<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" alt=\"\" src=\"http:\/\/www.Centives.net\/S\/wp-content\/uploads\/2013\/10\/100713_1107_TheCowsAreL1.jpg\" width=\"639\" height=\"426\" \/><\/p>\n<p>The Economist writes that cows are attacking some of the most central principles of capitalism:<\/p>\n<ul>\n<li>Cows are valuable in India. They produce milk, dung and calves. But they also require \u20b910,000 in food a year, veterinary attention, and labour to maintain.<\/li>\n<li>According to one study, all things considered, the return on a cow is -64%.<\/li>\n<li>Why then do Indians continue to buy cows? For Hindus it might be about spirituality. Families might also prefer producing high-quality milk at home rather than buying cheaper milk in the market.<\/li>\n<li>It might also be a form of control. By sinking money into a cow a household sinks money into an asset that isn&#8217;t easy to sell. This prevents them from using the cash on impulsive purchases instead.<\/li>\n<li>Since only 7% of Indian villages have a bank, there are few other avenues for Indians to create savings accounts.<\/li>\n<li>This has implications for anti-poverty programmes. Perhaps they should focus on mobile banking and &#8220;commitment savings accounts&#8221; that prevent clients from withdrawing funds for a certain period of time. This will ensure the poor divert their funds into higher-return accounts.<\/li>\n<\/ul>\n<p>Read more <a href=\"http:\/\/www.economist.com\/news\/finance-and-economics\/21587226-cattle-may-be-terrible-investment-decent-savings-vehicle-udder-peoples\">here<\/a>.<\/p>\n<p>Source: <a href=\"http:\/\/www.economist.com\/news\/finance-and-economics\/21587226-cattle-may-be-terrible-investment-decent-savings-vehicle-udder-peoples\">The Economist<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Economist writes that cows are attacking some of the most central principles of capitalism: Cows are valuable in India. They produce milk, dung and calves. But they also require \u20b910,000 in food a year, veterinary attention, and labour to maintain. According to one study, all things considered, the return on a cow is -64%. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9843,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-9844","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-bulletin"],"jetpack_featured_media_url":"https:\/\/www.Centives.net\/S\/wp-content\/uploads\/2013\/10\/100713_1107_TheCowsAreL1.jpg","_links":{"self":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/9844","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/comments?post=9844"}],"version-history":[{"count":3,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/9844\/revisions"}],"predecessor-version":[{"id":9847,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/9844\/revisions\/9847"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media\/9843"}],"wp:attachment":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media?parent=9844"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/categories?post=9844"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/tags?post=9844"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}