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Ah! Good old socialism and Nehru's ideals. I definitely sympathize with the Indian farmers who are not able to prosper along with the techies but these are the growing pains we have pull through to make a complete shift into capitalism. All the left wingers who are crying foul about India's free markets need to understand that without the free markets the farmers would not be any better off but the techies would be in a much worse condition. It is very easy to criticize a policy or a philosophy but difficult to lead one. Look at what socialism has done to West Bengal one of the most "natural resource rich" states in the country. I'm definitely pro left in terms social values but guys you know what I like money and what it brings to my life and I'm sure most Indians feel the same. So stop bitching and start playing the game.
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2 comments:
"All the left wingers who are crying foul about India's free markets need to understand that without the free markets the farmers would not be any better off but the techies would be in a much worse condition."
This statement conveys a serious lack of understanding of basic concepts and looks like the fundamental presumtions are incorrect. A greater understanding of the word "market" and a much greater understanding of the word "FREE market" is pre_requisite before making a statement on such a broad scale.
Ofcourse I seriously disagree, and again I will stress a great deal of emphasis on understanding of really basic words and its semantic, one must spend as time as possible to understand the depth and its implications before using them. It ain;t easy as it looks. Anyone who is unable to express an opinion, have a very good reason, they are baffled with complexities of apparently simple things. I think it needs some consideration.
shreekant
I understand your obsession of interpreting the term "free market" in the theortical sense. The term is also used in markets where there are limited restrictions. I hope you understand that till late India has controlled it's trade using a variety of tools including standardized policies. United States is the closest to a free market and hence most economists consider it as a benchmark, although for your clarity it is technically not. Hope this explanation gives you a better perspective of what I'm tring to say.
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