India in Crisis

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Tom Palven
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India in Crisis

Postby Tom Palven » Fri Dec 09, 2016 9:26 am

Billionaire investor Jim Rogers once had high hopes for investments in India but in 2009 announced that he had given up on the country:
https://www.lewrockwell.com/2009/05/jim ... -on-india/

Then, in November India banned "big bills" in order to cope with corruption, big bills being the 500 and 1,000 rupee notes, being worth about $8 and $15 respectively.
http://www.nytimes.com/2016/11/09/busin ... .html?_r=0

This is a more recent update:
https://mishtalk.com/2016/12/07/india-c ... den-money/

India's largest political party endorses socialism and other parties include a large Hindu party, a Muslim party, a Marxist communist party, and a Maoist communist party, which on the surface may seem to create an insoluble religious and political nightmare, and may be the reason that the mainstream media are ignoring problems in India.

But India can also be viewed as an example of rampant Keynesianism run amuck, which may be another reason that the liberal mainstream media including Reuters seems to be completely silent on this subject.

India and China both have about a billion intelligent industrious people, but their economic policies are radically different.
If one can be taught to believe absurdities, one can commit atrocities. --Voltaire

ahhell
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Re: India in Crisis

Postby ahhell » Thu Jan 19, 2017 2:53 pm

I'm reminded of a conversation I had years ago"
Other guy: "India's basically a libertarian society run amok!"
Me; "Hmm, its been run by a socialist party with ties to the Soviet Union almost since independance!"
Other guy "Blah Blah Blah" That amounted to, its such a craphole I assumed it was run by people I disagree with.

Point is really that India is a complex mix of religions/ethnicities/political ideologies and foreign so American Journalists don't understand it enough to report intelligently on it, and Americans are insular provincial folk who don't care much about foreign stories that don't involve us bombing them. Unless its useful to support an ideology.

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scrmbldggs
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Re: India in Crisis

Postby scrmbldggs » Thu Jan 19, 2017 5:09 pm

ahhell wrote:...and Americans are insular provincial folk who don't care much about foreign stories...

...or their own. :-P
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Lard, save me from your followers.

bobbo_the_Pragmatist
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Re: India in Crisis

Postby bobbo_the_Pragmatist » Thu Jan 19, 2017 5:10 pm

Everybody knows China is the culture none of us understands.

Nobody knows the same thing applies to India.

China: most populous, Large country. India: Second Most Populous...growing fast enough to overtake china.

...............My takeaway: google how large the land mass of India compared to China.

2nd thought: how come all the bird flues come out of china and nothing from India? Same crowded conditions with India being more screwed up re animal ancestors and what not. Ever notice how being in a crowd diminishes your sense of self?====>unless you are Chinese, Indian, or Japanese?
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scrmbldggs
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Re: India in Crisis

Postby scrmbldggs » Thu Jan 19, 2017 5:22 pm

ahhell wrote:Point is really that India is a complex mix of religions/ethnicities/political ideologies and foreign so American Journalists don't understand it enough to report intelligently on it...


Just for those who might be interested, I thought John Oliver's interview with Fareed Zakaria (Pt.1 and Pt.2 on ytube) was an informative easy listening.
.

Lard, save me from your followers.


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