Indian Economics thread.

Status
Not open for further replies.

AndrewS

Brigadier
Registered Member
For starters, India's development needs education and infrastructures, and its capitalist ruling class is not interested in providing those to the masses. They are only interested in making themselves rich through keeping their masses oppressed and exploited.

Strictly speaking, I think it's more accurate to say India's society is divided in so many ways by caste, language, religion etc
So those at the top of whatever hierarchy are not interested in those at the bottom.
It goes deeper than capitalism.

Smaller capitalist countries like South Korea may have motivation to educate their small population as the ruling elite there see export as main source of profit.

In comparison, South Korea is ethnically and linguistically homogenous.

Plus it has a Confucian society which has base precepts in equality of education and opportunity, plus rules governing an individual's relationship to everyone else in society.
 

hashtagpls

Senior Member
Registered Member
Please, Log in or Register to view URLs content!
The only reason the Anglo rating agencies haven’t yet declared India as junk bond status is because India obediently declares its commitment to act as sepoy slave for the Anglo cause.
When it becomes all but to the most deluded of Jai hinds, that India is up covid shit creek without a paddle, the junk status will come
 

AndrewS

Brigadier
Registered Member
I laughed when a Bank of America banker told me that India was going to be a second China a couple of years ago. He listed large growing population and low base of development as driver of such growth.

He completely missed the fundamental reason why China could grow this fast : China's 1949 revolution and the land reform and the socialist system that achieved through the revolution.

For starters, India's development needs education and infrastructures, and its capitalist ruling class is not interested in providing those to the masses. They are only interested in making themselves rich through keeping their masses oppressed and exploited.

Smaller capitalist countries like South Korea may have motivation to educate their small population as the ruling elite there see export as main source of profit.

And imperialist powers may also want to have technological superiority as they make money from oppressing and exploiting the rest of the world.

But in the large "developing" capitalist countries, the capitalists can make enough just by exploiting their own population. Keeping the masses ignorant is the best way to maintain their rule.

There is absolutely no hope for any large capitalist economies to achieve fast growth comparable to China's.

There was a short discussion on February 3rd on this thread on India's prospects.

India's atrocious level of R&D spending and education was analysed.
 

siegecrossbow

General
Staff member
Super Moderator
Please, Log in or Register to view URLs content!
A repeat now though would be a chastening moment for its nationalist leader Narendra Modi who rallies supporters on promises to advance India on the world stage and compete with the likes of China.

While it has built up a healthy stock of currency reserves, its huge population of 1.4 billion means it still has the lowest prosperity level of any investment grade country when measured by GDP per capita of $2,164. China's figure is nearly $13,000.

How is population an excuse? China has the same or larger population.
 

hashtagpls

Senior Member
Registered Member
How is population an excuse? China has the same or larger population.
What the anglo mouthpiece is trying to say, is that indians are generally not as productive workers as Chinese, which in my experience does have a kernel of truth to it.
Indians are by reputation, mouthy loquacious sorts, allergic to hard labour. Chinese are reputed in the west for grinding to achieve goals.
 

spring2017

New Member
Registered Member
I think it's more accurate to say India's society is divided in so many ways by caste, language, religion etc
That's very true. Those are more primitive problems that supposed to be resolved by capitalist/democratic revolution and enlightenment.

But the capitalist have no interest to resolve these problems as they help them to divide and conquer the masses, and keep them oppressed and exploited.

Only a socialist revolution in India can save the Indian masses, and bring peace and prosperity to India, South Asia and beyond.
 
Last edited:

spring2017

New Member
Registered Member
Plus it has a Confucian society which has base precepts in equality of education and opportunity, plus rules governing an individual's relationship to everyone else in society.
The Confucian value, like other religions, is simply an oppressive tool for the ruling class. China was a Confucian society before 1949, and that was a backward and oppressive society. The victory of Chinese revolution put Confucius into museums, and China has become stronger and stronger.
 

hashtagpls

Senior Member
Registered Member
The Confucian value, like other religions, is simply an oppressive tool for the ruling class. China was a Confucian society before 1949, and that was a backward and oppressive society. The victory of Chinese revolution put Confucius into museums, and China has become stronger and stronger.
Disagree.
Confucianism is agnostic and China remains a Confucian society, else wise chinese people wouldn't bother looking after their parents and sending them off to nursing homes the way the anglos do.

Furthermore, taiwan and mainland society proves that confucian values persist no matter whatever "cultural revolution" occurs. Let me tell you, when i was a kid growing up in taiwan, they used to say the Cultural Revolution destroyed True China and that all mainlanders were little red book reading commies, without any shred of chinese values or Junzi values.
I believed that up until i studied in the mainland and realised what a crock of shit that is. Believing the Cultural Revolution destroyed traditional chinese values is like saying the 60s-70s in america destroyed western civilisation because americans no longer live like the 50s with betty draper and jon hamm.

In the case of India, you'd think it was the same except that indians lack the pragmatism that allowed Chinese civilisation to endure for as long as it has; indians will kill each other over caste differences, ie religious belief, they will kill a dalit for drinking from the same water fountain as a brahmin.
 

weig2000

Captain
A report card on Modi's dismal economic performance and more. Modi government's premature declaration of victory over COVID would be so comical if the whole thing were not so tragic. Also the prospect of a lost decade ahead for India's economy.

Please, Log in or Register to view URLs content!

No top-10 economy has seen its 2021 unravel faster and with greater suspense than India’s.

Narendra Modi’s podium-thumping January 28
Please, Log in or Register to view URLs content!
sure does seem a lifetime ago. There, the prime minister detailed how “India beat all odds in coronavirus fight.”

Modi complained “a lot of experts had said India will be the worst-affected country, there will be a tsunami of cases.” He also said: “India is among countries that have succeeded in saving the maximum lives” and “the world from disaster by bringing the situation under control.”

It’s hard to think of words that aged more poorly as a fresh Covid crisis brings India to its knees and shocks the globe. Thanks to complacency and downright hubris on the part of Modi’s government, a new
Please, Log in or Register to view URLs content!
tsunami is imperiling his nation of 1.3 billion – and its neighbors.
 
Status
Not open for further replies.
Top