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It's not as bad in US and reason is purely economics of fraud. Very large fraction of US population is paid $30 an hour compared to Indian population which mak
by wolfretcrap 5y ago
It's not as bad in US and reason is purely economics of fraud.
Very large fraction of US population is paid $30 an hour compared to Indian population which makes scamming not worth the trouble
I live in India and I've worked in the US I know Indians just have too much time at their hand, so even schemes which take a lot of your time with little payoff are worth it here.
And the reason people don't use their time to achieve something more productive like starting companies etc...is because government procedures are very hard to understand, and you get penalties left and right, even starting a micro industry like machining shop is hard, power is not available continuously even at top industrial zones in India, fixed cost of electricity connection is high in industrial area and government is very insensitive to business owners so only very large and the ones close to policies are able to navigate.
The biggest problem isn't even market in India which has lot of demand, it's the costs you didn't plan for which seem low on surface the deeper you dig, the costs just keep increasing untill you are left with nothing and in debt so starting a business isn't very popular here and people limit the size of their success to not get in trouble.
- aurizon 5y agoIndia has had trouble shaking the socialist mud off it's boots. Back in the late 40's and 50's huge numbers of bureaucratic make-work jobs were created. A thicket of state and local permits and rules have crippled India to this day. There are few large scale Korean Chaebols - instead there is a frenzy of small shops. Now all these bureacrats and small shops are a force to be reckoned with as the rationalize production millions of people would be turfed out of their feather-beds and made to work. Ask any man from India - India will only prosper in the Chinese way if they change.
- divtiwari 5y agoAlthough you are being downvoted, as an Indian I completely agree with your comment!! Sadly it will never happen :(
- aurizon 5y agoYes, thanks for the moral support. The greed and corruption endemic in India is what held it back (after the UK holding it back was done, the Indians well showed they could self exploit to this day)
- unanswered 5y agoAnd just think who is doing the downvoting: HN commenters who desperately want the same thing to happen elsewhere.
- aurizon 5y agoYes, socialists feed only on each other...
- asimpletune 5y agoI’ve been in Mexico for a few months and it sort of the same situation here. Sometimes I find it outright bizarre how hostile the government is to simple things that would allow people to improve their station in life on their own with a business.
- 908B64B197 5y agoIt's seems like the list of items to fix is well known and understood; why not simply fix them?