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Every Nation for Itself: Winners and Losers in a G-Zero World
In Every Nation for Itself: Winners and Losers in a G-Zero World, World Policy Institute Senior Fellow Ian Bremmer illustrates a historic shift in the international system and the world economy—and an unprecedented moment of global uncertainty.
What rubbish !
Submitted by Siyan Hudach Roy (not verified) on January 8, 2013 - 5:38pm.
This is probably the most bigoted article on Indian economy that i had read in recent time..... this looks like the product of some under-read, short sighted, American educated indian who thinks that getting an american degree has made him more wise then every other indian on earth and hence he now has the right to show them how to 'develop'...
lets you might accuse me of criticizing without rationale -
1- "The government must focus on quality spending by channeling resources towards infrastructure and human capital investments while reducing unproductive spending, particularly on food, fertilizer and fuel subsidies."
Ahem ! subsidies are unproductive spending..?? 68.7% of Indians live on less than US$ 2 per day (WB).. and you expect a normal person can buy food, fertilizer , fuel and everything all on market price within 2$?? You have NO idea of the effect subsidies have on the hungry masses...in fact u have no idea about the hungry masses at all...Subsidies are a tool for the unemployed, the economically disadvantaged, the rural poor, the downtrodden, the socially backward, the innocent lot who unfortunately in reality dont even get a trickle of the benefits which should presumably trickle down to them out of the So-called 'rapidly rising Indian economy'
2- "While a loose fiscal policy has boosted aggregate demand, particularly across rural areas, an enabling environment to enhance supply response is missing, thus aggravating inflation pressures."
Loose-fiscal-policy-has-boosted-aggregate-demand?? Seriously? that's like saying Beggars CAN be choosers ! Those benefited by our fiscal policy - those who are advantaged by schemes and subsidies are still way poor to assert free market choice.
The only demand that has boosted is that of the upper middle class and that too without any influence of the national fiscal policy but because of the fad-like consumerism fueled by Foreign Investment..
3-"India’s GDP growth is mainly consumption driven in good part due to consumption subsidies."
This is SO blatantly and outrageously illogical at face value. Nevertheless I ll assume that this consumption you are talking about refers to the produce that the govt. purchases at market price to subsidize later.
Now firstly those who undertake consumption subsidies are too poor to affect the market substantially with their consumption..so what matters here are numbers.. And even if it is, Then its the poor farmers who are getting benefited by this secure demand base
So if the producer and the consumer both are benefitting, and if the govt. is playing the part it should play here, why the fuck should any foreign based policy group writer have a problem with that?
4- "The fifth and last challenge is to the boost manufacturing sector"
WOW, we SO didnt knew about that one !!
Hell-lo !!! YOU, yes you, the ruddy world banks and the IMFs were the one who forced us to skip manufacturing and jump straight from agriculture to services way back in the early 90's..you practically forced us to adopt your scheming 'Structural Readjustment Programs' ..by threatening us with removing international aid when our economy was still crawling.. all because of what..so that American goods can find new markets ! so that you can flush in all your surplus to Asia and force it down the peoples throat while holding them from not manufacturing their own products for their own markets!
Building up manufacturing helps a growing economy at a particular time in a very natural course of events.. you cant just cut it out of the timeline and paste it into the future..back then when we could have held on for some time and focused on building a base we would have been totally unemployment and poverty free today !
And today when its already hard to build something in this country, they want to force down crony capitalistic monsters- the criminal oil companies , the mining giants with blood on their hands and the godforsaken Walmarts on us in the name of 'creating infrastructure' and 'Foreign-Direct-Investments'.
Actually it was way back in the early 90's ..That was when we got colonized all over again..that was when Nehru's great idea of the Democratic-SOCIALIST-Republic died..that was when we sold our country...
and now you wanna sell it all over again with your poorly informed, propaganda-impacted, western-interest-driven ideas..
One doesnt needs to be a communist to see why the teeming Indian masses still need subsidies, schemes and socialist policies..
Please spare a rational thought...or two.
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