A conversation I had with a POLITICAL motivated friend recently about Russia’s invasion of Ukraine ended with this conclusion - that we’re living in a simulation and whatever powers are in charge of it are unable to progress to the next level. I mean, the early decades of the 20th century had a pandemic, a recession, and multiple world wars.
The early decades of the 21st century have had, so far, multiple recessions, a pandemic that shows no signs of slowing, and, well, Russia just invaded Ukraine (the Middle East has been locked in conflict for decades now, but we all know it doesn’t count). Another friend suggested that the next thing on the cards could possibly be alien contact. Sir, one individual would like to have a word with you. But pardon my dark humour.
There are few other ways to react when you see the Taliban call for peace in Europe. It’s inexcusable that HISTORY keeps repeating itself, but at the same time, it also feels inescapable. It feels like we’re doomed to be stuck in the same cycle over and over again, like some particularly nasty episode of Groundhog Day.
This week at THE MMS, we featured companies that are looking to learn from their own histories, trying to see what they can, or should, change. Or in the case of some of India’s lending fintechs, it’s their customers. In a stellar piece of reporting our free articles on website www.multimediastudio.net of the week was the ghost loans haunting some of India’s fintechs after a number of customers discovered loans they’d never taken reflected on their credit histories.
At fault are growth-hungry lenders, ignoring established safeguards and willing to take shortcuts in their quest to build out their loan books. On our newsletters front, we have a bunch of must-reads this week - The MMS deep dive into what the war in Ukraine means for India, from an economic perspective also analysis of the bounce back of political crisis happening around the globe.
That’s all from me. I’m going to keep an eye on what’s unfolding in Europe and hope for the best Inshallah. If there’s anything that history has taught us, it’s that - as trite as it sounds—this too shall pass. Have a restful Sunday. We’ll see you tomorrow with Good better newsletter.
