Coaching Institutes and Extortion || Acharya Prashant
Full Video: The UPSC Craze and Coaching Industry in India || Acharya Prashant (2024)
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00:00Extortion is possible only when one party is made to feel choiceless, helpless, optionless.
00:08Otherwise, you cannot extort. You go and arm twist someone. If he has an option, he will run away.
00:14Blackmail is possible only when the other party is left without an option.
00:18Who takes away the options? The options are taken away by the cultural conditioning.
00:23Otherwise, options exist. The kind of money that the coaching industry fleeces,
00:28the kind of rentals that you have there, where even a small dingy room in some basement can cost you 10k, 20k, 25k.
00:37That's sheer extortion. So much money a candidate spends there, 5 lakhs, 10 lakhs, 20 lakhs, sometimes more than that.
00:44A great option is to utilize that money elsewhere and make a career out of it.
00:48But the fellow will not utilize that money there. That option has been culturally taken away from him.
00:55Therefore he feels this is the only route possible for him. Either this or nothing.