Comments on: India poll should boost world trade http://blogs.reuters.com/great-debate/2009/05/18/india-poll-should-boost-world-trade/ Thu, 21 Jul 2016 07:57:19 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Eldon Lopes http://blogs.reuters.com/great-debate/2009/05/18/india-poll-should-boost-world-trade/#comment-15265 Mon, 25 May 2009 19:05:29 +0000 http://blogs.reuters.com/great-debate/?p=3562#comment-15265 CAN SOMEBODY EXPLAIN TO ME HOW A DEMOCRACY AND A CASTE SYSTEM FUNCTION TOGETHER?

]]>
By: Anubis http://blogs.reuters.com/great-debate/2009/05/18/india-poll-should-boost-world-trade/#comment-14855 Tue, 19 May 2009 11:59:15 +0000 http://blogs.reuters.com/great-debate/?p=3562#comment-14855 Mr. Taylor, it would appear your commentators have a much clearer understanding of the political dynamics governing India’s electorate than you do. Quite frankly, I find it hard to believe anyone would want to see nations move towards the American/British form of capitalism. Particularly so in light of Judge Posner, Stiglitz and Krugmans recent publications. Our economic catechism is is much like Catholicism’s. Stuck in obfuscated teachings of centuries past.

Perhaps you might consider rereading the works of Adam Smith and Karl Marx. I also urge anyone to read “Collapse” by Jared Diamond. You might then understand better how we have failed at industrialization and capitalism. As a result, socialism and communism have become the default choices for societies trying to lift themselves out of economic and environmental turmoil.

Environmental impact is the single most important long term consideration for developing and maintaining a sustainable economy. The fates of all societies present and past has been determined by how they used their natural resources. India recognizes this. The U.S. now suffers banking collapses and loss of farm land to drought and soil erosion twice in less than a century. I would call this mismanagement. This is the fruit of unregulated free market capitalism.

]]>
By: Rakesh http://blogs.reuters.com/great-debate/2009/05/18/india-poll-should-boost-world-trade/#comment-14805 Mon, 18 May 2009 18:28:54 +0000 http://blogs.reuters.com/great-debate/?p=3562#comment-14805 Please understand the basic political complexion of the Congress party prior to making wildly optimistic presumptions about their embracing laissez faire. They are essentially left of center politicians.

Mrs Gandhi the Congress party chief has heaped ridicule on those who derided the public sector nature of India’s banking system. Mr Nath has also not minced words in ridiculing the “best practices” used as a selling plank for American free market ideoloogy.

Also take into account the primary reason for the stellar showing the Congress party has had in the rural hinterland in the just concluded polls. They have laid a great deal of emphasis on implementing rural safety nets in the form of assured employment for rural poor, farm loan waivers. The point being rural India where the bulk of the votes are, forms a very important constituency of the Congress party. The probability of their ignoring the interests of this constituency just to embrace American style capitalism/free trade are next to nil if not nil.

]]>
By: vinod http://blogs.reuters.com/great-debate/2009/05/18/india-poll-should-boost-world-trade/#comment-14801 Mon, 18 May 2009 16:57:30 +0000 http://blogs.reuters.com/great-debate/?p=3562#comment-14801 Congress party is voted to power doesn’t mean that they will agree for Agri imports from other countries at the expense of small farmers who on average hold 2 acres per farmer, and at the same time 70% of the population is dependent on agriculture.
If Congress Party goes ahead and inks a deal for Agri imports, this term would be last we see them in government!

]]>
By: John http://blogs.reuters.com/great-debate/2009/05/18/india-poll-should-boost-world-trade/#comment-14799 Mon, 18 May 2009 16:31:19 +0000 http://blogs.reuters.com/great-debate/?p=3562#comment-14799 Free software foundation and Communist party and politburos work very closely together in India. Infact all the FSF events have communist participants and even chief guests are communists.

]]>