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"And India going down in the last century and being the major victim of capitalism also isn't news." Umm... what?
by cscurmudgeon 13y ago
"And India going down in the last century and being the major victim of capitalism also isn't news."
Umm... what?
- AsymetricCom 13y agoBecause of globalism, everything that wasn't bolted down was taken from India and China. But they both have strong sovereign policies that have kept them from being taken advantage of too much, and what's left is now very lean and powerful. You take the good with the bad. http://blog.hiddenharmonies.org/2011/11/hans-rosling-sovereignty-and-capitalism-got-china-and-india-moving/ http://blog.hiddenharmonies.org/2011/11/hans-rosling-soverei... Now such policies are being attacked, like this article, because they are not friendly for foreign businesses, more than anything. Sure, it's not very friendly to entrepreneurs either, but it's up to India to decide how much freedom it wants to give to people who control significant percentage of its country's value. Maybe India would be better off investing profits in American businesses than investing in India through taxes? Or maybe business man would be more successful if they were very liquid in assets? That is for India to decide.