Econ-o-shastra, a prestigious committee dedicated to fostering economic and socio-political discourse, organized a thought-provoking debate competition ‘Vaad-Vivaad’ that delved into three critical and contentious economic topics. The competition brought together students, scholars, and experts from various backgrounds to engage in insightful discussions and present their arguments in favor of or against each topic.
Round 1: Taxing the Rich
The team advocating for taxing the rich eloquently argued that taxing the wealthy is essential to address income inequality and provide funding for public services. They emphasized the moral imperative of wealth redistribution and presented compelling evidence on how taxing the rich can lead to a fairer society. Against: The opposing team presented a well-reasoned case against taxing the rich, emphasizing the potential negative consequences such as capital flight, reduced investment, and job creation. They argued that a more balanced approach, like incentivizing economic growth, was a better solution to address inequality.
Round 2: The Future of Youth Migration
The team advocating for Asian developing economies made a compelling case for the promising opportunities these nations offer to young migrants. They highlighted economic growth prospects, cultural richness, and the potential for personal and professional development. Against: The opposing team argued in favor of developed nations, emphasizing stability, high standards of living, and quality of life for global youth. They contended that developed nations provide a safer and more secure environment.
Round 3: Reservation System
The team supporting the reservation system passionately presented its potential beneficial impact on socioeconomic disparities and inclusive growth. They emphasized how reservations have historically addressed historical injustices and provided opportunities to marginalized communities. Against: The opposing team raised valid concerns about the reservation system's potential for economic inefficiency and social division. They argued that merit-based systems might be more effective in achieving equitable outcomes.
The outcome of the event:
In conclusion, ‘Vaad-Vivaad’ provided a platform for insightful discussions on critical economic topics. While some rounds ended in draws, others saw teams presenting convincing arguments from different perspectives. The competition promoted intellectual exchange and highlighted the complexity of economic issues, encouraging participants to think critically about these important subjects.
Winners of the event: -
Winners: Sumedha Dubey (2021-2024) and N. Trishika (2021-2024)
Runners up: Harshadityasinh Saravaiya (2021-2024) and Vansika Jain (2021-2024)
