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be careful generalising india because anything that one can claim, the opposite is also true. A major reason countries like the USA and the UK flourish is stab
by eldaisfish 4y ago
be careful generalising india because anything that one can claim, the opposite is also true.
A major reason countries like the USA and the UK flourish is stability. Stability is not something india has and that is a very difficult thing to put a price on. Indian capital markets are not transparent though that is less of an issue for startups. What should be telling is the number of "Indian" startups that are registered in places like Singapore.
I have to rain on your parade but there are many aspects of life in India that money cannot solve. I am no fan of the USA either but the "gun culture" thing is a strawman that doesn't affect daily life in the cities. It is certainly a problem but not a problem that many make it out to be. Be careful with the healthcare argument too. India's legal and police systems are a joke and their healthcare system is cheap but kills millions every year due to medical negligence. The US healthcare system - for all its flaws - has some of the best outcomes provided you have enough money to access it.
- okasaki 4y agoThe UK isn't thriving - 18% inflation, low salaries (except in the money laundering industry), bad and very expensive housing, no infrastructure investment, etc.
- cromka 4y ago> no infrastructure investment I think one could say anything about UK these days, but lack of infrastructure investment? Seriously? UK compared to the US, it's like 50 years of difference. And I'd argue it's still ahead of most of the old EU, too.
- throw0821374 4y ago.
- ralphmelish 4y agoGet a license for what? I don't really understand the relationship between bureaucracy and buying a book... You can buy anything you like from anywhere in the world, pay your duty online, and have it delivered to your door. I did it a couple of times with DHL, Royal Mail, and never had any issues.
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- zymhan 4y agoIndeed, as if the Elizabeth line hadn't just opened up this year! It took them a while, and tons of money, but they made it happen. Which is more than most of the US can say.
- ralphmelish 4y agoUK doesn't have 18% inflation, that is just a projection from Citigroup [0] (if gas prices continue to grow it will probably get there, like the rest of Europe). Inflation is at 10.1%. I'm not sure why you say 'low salaries'. Adjusted by cost of living, salaries are not that low [1]. Median (removes those salaries from 'money laundering industries') salary in London is almost £39.7k [2]. Adjust that by cost of living, and it is higher than median income in San Francisco or NYC [3]. Infrastructure is miles better than the US. Public transport, while expensive, works quite well. The US has virtually no public transport whatsoever. Housing and renting is expensive in every major city, it is not a problem exclusive to the UK. [0] https://www.theguardian.com/business/2022/aug/22/uk-inflation-will-hit-18-per-cent-in-early-2023-says-leading-bank-citi-gas-electricity https://www.theguardian.com/business/2022/aug/22/uk-inflatio... [1] https://neilkakkar.com/salary-calculator-by-city.html https://neilkakkar.com/salary-calculator-by-city.html [2] https://www.statista.com/statistics/416139/full-time-annual-salary-in-the-uk-by-region/ https://www.statista.com/statistics/416139/full-time-annual-... [3] https://www.census.gov/quickfacts/fact/table/sanfranciscocitycalifornia,newyorkcitynewyork/HSG010221 https://www.census.gov/quickfacts/fact/table/sanfranciscocit... Edit: format
- claudiawerner 4y agoIt's really not a great point to use London, by far and wide the only and biggest exception the rest of the market in the UK, to compare salaries for tech workers. You can earn quite a lot more adjusted for conversion and taxes pretty much anywhere in the US if you compare to someone living outside London. And even then, London rents (never mind houses) are ridiculously expensive.
- prvit 4y ago>bad and very expensive housing Are you kidding? London has the highest quality apartment buildings in Europe. Well designed new builds with good services are abundant. This stuff hardly even exists in countries like France, Germany or Spain.
- weatherlite 4y agoThe U.S has stability? Mmm not really.
- wowokay 4y agoIt has been stable since I have been here? In fact all the issues that make the most $$$, gun violence, abortion, race relations, these are not a problem at the macro level. If anything it should be commended that our media and leadership has the luxury to complain about these “issues” that affect less then 5% of the population.
- weatherlite 4y agoStable for who, and how do you define stability? For you it feels stable, for some factory worker it's not great. But I was getting more at American politics - that feel to me like they've reached rock bottom (at least compared to the last 2-3 decades). Eventually a crippled political system will bring down the economy. It's very possible all things considered, and relative to Europe (or China, India, whatever), the U.S is doing good. But that's not gonna matter much to the average American citizen. There's no way Americans won't feel the political and economic mayhem that's coming the coming decade or two.
- splintercell 4y agoBro good luck on the upcoming Hindu-Muslim civil war, and then subsequent South Indian secession movement. PS: I know what you're going to tell me, that I don't know what I am talking about, but believe me, I do.
- jeromegv 4y agoSurely a man would say that abortion is not a problem at the macro level and only impact 5% of the population. Doesn't impact you so of course you don't care, but it does impact a lot more than 5%. Same for race relations, lots of people having to spend their life being put all kind of barriers in front of them.
- pm90 4y ago> I have to rain on your parade but there are many aspects of life in India that money cannot solve. I am no fan of the USA either but the "gun culture" thing is a strawman that doesn't affect daily life in the cities. It is certainly a problem but not a problem that many make it out to be. Be careful with the healthcare argument too. India's legal and police systems are a joke and their healthcare system is cheap but kills millions every year due to medical negligence. The US healthcare system - for all its flaws - has some of the best outcomes provided you have enough money to access it. I think its interesting that you manage to both minimize the impact of firearms in the US and ding the healthcare system of India in the same comment. I have to disagree with both. Guns are a constant threat, even in the bluest of cities since there are Red States just a few hours of drive away (if you're not already a Blue City in a Red State which is extremely common). The threat of school shooting is very real. Kids have to go through bs "active shooter drills"... this is not the sign of a healthy society. Indian healthcare system certainly has flaws but it manages to provide basic healthcare to all citizens. There are lots of fantastic doctors trained every year in India. The legal and police systems, I buy that argument. The mainstream media, totally under the control of the authoritarian right wing Government. Modi. Those are legit criticisms.
- brianwawok 4y ago> I have to disagree with both. Guns are a constant threat, even in the bluest of cities since there are Red States just a few hours of drive away (if you're not already a Blue City in a Red State which is extremely common). The threat of school shooting is very real. Kids have to go through bs "active shooter drills"... this is not the sign of a healthy society. Sorry you are buying far too much into the news. I suspect more people are burned alive in housefires from shoddy construction in India, than die in the US to guns.
- pm90 4y agoIf you’re gonna wildly speculate then by all means go ahead and make up the most wildest shit imaginable.
- 4y ago
- amf12 4y ago> their healthcare system is cheap but kills millions every year due to medical negligence. This is a problem money can solve though. If you have the money, you can get pretty good medical care in India. "cheap but kills millions" isn't really a problem faced by most people who have the money to afford it. > The US healthcare system - for all its flaws - has some of the best outcomes provided you have enough money to access it. > Exactly. You need the money in the US to just be able to afford healthcare here. There are millions of people who don't have insurance (private, medicare), or have expensive deductibles to make healthcare out of reach for some.
- wowokay 4y agoNo this is not true, you can’t be denied medical treatment in the US even if you don’t have the ability to pay it.
- lotsofpulp 4y agoEmergency medical treatment, right?
- heavyset_go 4y agoYes, you can be denied treatment. ERs are just obligated to stabilize patients no matter their ability to pay. Nobody who needs it is getting an insulin supply or chemotherapy without the ability to pay for it.
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- markdown 4y ago> The US healthcare system - for all its flaws - has some of the best outcomes provided you have enough money to access it. If you're going to use the qualifier "provided you have enough money to access it", then Indian healthcare is equivalent or better depending on the illness.
- edmcnulty101 4y agoI don't know how stable the USA would be if all billion Indian people came to North America and Europe.
- zymhan 4y agoWho said anything about that? Besides Viktor Orban.
- edmcnulty101 4y agoA million immigrants are let into the US every year.
- n4r9 4y agoIf you look at persons obtaining permanent resident status as a proportion of total population, it peaked in 1900-1910 and has been fairly stable since the 1990's: https://docs.google.com/spreadsheets/d/109xdKq3U7ISifgyjlQLLalnx_DB_uirPBwlALNi5W6E/edit#gid=0 https://docs.google.com/spreadsheets/d/109xdKq3U7ISifgyjlQLL... Sources: https://en.wikipedia.org/wiki/Immigration_to_the_United_States#Origins_of_the_U.S._immigrant_population,_1960%E2%80%932016 https://en.wikipedia.org/wiki/Immigration_to_the_United_Stat... https://en.wikipedia.org/wiki/Demographic_history_of_the_United_States#Historical_Census_population https://en.wikipedia.org/wiki/Demographic_history_of_the_Uni...
- techie128 4y ago> The US healthcare system - for all its flaws - has some of the best outcomes provided you have enough money to access it. You're kidding, right? Vast majority of Americans have poor outcomes despite being insured. Let's not even talk about the uninsured that are constantly kicked to the curb as soon as they're stable. Medical debt is a big issue in the US regardless of your insurance status. Medical bankruptcy is a thing. People have to choose between food and life saving drugs like insulin which are cheap and easily available pretty much everywhere in the world. Do you want me to go on?