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I doubt its better for India to have Indians making Google richer than to have them staying in India to make something even a fraction of the size of Google in

by rayiner 6mo ago

I doubt its better for India to have Indians making Google richer than to have them staying in India to make something even a fraction of the size of Google in India. How is India going to create that ecosystem if all the smart people leave?

airstrike 6mo ago
It's better to not frame this in terms of a specific country, lest it come across as if we're picking on India specifically. Developing countries have structural reasons for why they are underdeveloped. This is a very complicated topic, and one for which there is no shortage of academic interest. I suggest starting from William Easterly's "The Elusive Quest for Growth". I quote here from the book review MIT Press: > What is necessary for growth is that government incentives induce investment in collective goods like education, health, and the rule of law
- rayiner 6mo ago
  > This is a very complicated topic, and one for which there is no shortage of academic interest. I suggest starting from William Easterly's "The Elusive Quest for Growth What's Easterly's qualifications? Has he ever successfully improved the economy of a developing country? I'd rather learn what LKY or Park Chung Hee or heck even Deng Xiaoping or Pinochet had to say.
  - airstrike 5mo ago
    At this point it's hard to take your opinion seriously if you think we should model economic policy after Pinochet. If you want to know Easterly's qualifications, just read his Wikipedia page. https://en.wikipedia.org/wiki/William_Easterly https://en.wikipedia.org/wiki/William_Easterly Being ignorant is a choice.
    - rayiner 5mo ago
      > you think we should model economic policy after Pinochet. Pinochet is one of several autocratic rulers who put in place frameworks that resulted in economic miracles in their countries. Especially in Asia and Latin America, I don’t think there’s a single country that tried democracy before economic development that didn’t end up a failure. I’d rather be a Chinese living under effective authoritarian capitalism than an Indian living under dysfunctional social democracy. > If you want to know Easterly's qualifications, just read his Wikipedia page. https://en.wikipedia.org/wiki/William_Easterly https://en.wikipedia.org/wiki/William_Easterly So he’s never done anything? He’s never built an economy or part of an economy? > Being ignorant is a choice. Indeed. And confusing credentials for knowledge is a choice too.
  - parasubvert 5mo ago
    You've got a lot of hot takes, but this is an astounding statement that underscores you have absolutely no idea what you are talking about when it comes to economic development.

by rayiner 6mo ago

airstrike 6mo ago

It's better to not frame this in terms of a specific country, lest it come across as if we're picking on India specifically. Developing countries have structural reasons for why they are underdeveloped. This is a very complicated topic, and one for which there is no shortage of academic interest. I suggest starting from William Easterly's "The Elusive Quest for Growth". I quote here from the book review MIT Press: > What is necessary for growth is that government incentives induce investment in collective goods like education, health, and the rule of law

rayiner 6mo ago
> This is a very complicated topic, and one for which there is no shortage of academic interest. I suggest starting from William Easterly's "The Elusive Quest for Growth What's Easterly's qualifications? Has he ever successfully improved the economy of a developing country? I'd rather learn what LKY or Park Chung Hee or heck even Deng Xiaoping or Pinochet had to say.
- airstrike 5mo ago
  At this point it's hard to take your opinion seriously if you think we should model economic policy after Pinochet. If you want to know Easterly's qualifications, just read his Wikipedia page. https://en.wikipedia.org/wiki/William_Easterly https://en.wikipedia.org/wiki/William_Easterly Being ignorant is a choice.
  - rayiner 5mo ago
    > you think we should model economic policy after Pinochet. Pinochet is one of several autocratic rulers who put in place frameworks that resulted in economic miracles in their countries. Especially in Asia and Latin America, I don’t think there’s a single country that tried democracy before economic development that didn’t end up a failure. I’d rather be a Chinese living under effective authoritarian capitalism than an Indian living under dysfunctional social democracy. > If you want to know Easterly's qualifications, just read his Wikipedia page. https://en.wikipedia.org/wiki/William_Easterly https://en.wikipedia.org/wiki/William_Easterly So he’s never done anything? He’s never built an economy or part of an economy? > Being ignorant is a choice. Indeed. And confusing credentials for knowledge is a choice too.
- parasubvert 5mo ago
  You've got a lot of hot takes, but this is an astounding statement that underscores you have absolutely no idea what you are talking about when it comes to economic development.