I couldnt stop the CNBC TV ( it was an accident, im not at all that guy who
watches those stuff) from telling why FDI is so good and so needed and that
indians would be doomed without it and anyone who thinks otherwise are just bird
brains who are afraid that it might be the next episode of east india company.
Some were also pissed off about MMS ji on fb claiming that he has vowed to sell
india at mid-year discount sale rates.
So from a laymans perspective..when foreign money comes..they are gonna take back more right? But still I think they r needed only because they are the ones with the capital and has the experience/expertise to run it profitably..all the services we need ..like better airlines or infrastructure or pharma or automobile …..things India desperately need i suppose. But other companies that india dont necessarily need badly are also coming in llike Walmart n their brand of products and clothing, Junk foods, telecom services offering pretty mucht the same servies..but just competing with Indian comapnies like Vodafone ( although the claim is that competition leads to lower prices for the
consumer or sumthing).
There are many who advocate totally opening up to foreign businesses and zero protectionism.if we patronise foreign companies and there by harming our own balance of payments( lets just say a lot of the money supposedto circulate within India goes out to foreign nationals)..through which they buy up our resources…like the nutritious fruits/veges/spices/seafood are exported and average Indians are only left with second grade products. Also other things come into play like loan repayments and lets the dominant powers of the west influence internal economic policies..by which our producers/farmers are ushered into a global market causing them a lot of uncertainity …I
mean lets just say there are consequences of patronising foreign companies and shipping money abroad.
I guess the way to approach this foreign Investment is by truley understanding what we need..like what makes us Cool/better and availing only those services.
What makes us better?..looks..for which we require haelthy,nutritious eating. SO It would be good if we spend our money on importing healthy food to consume…fish, fruits for example and make neat products out of them in our grocery stores.
I guess dressing up..looking and feeling good also helps improve confidence and affects our minds positively. But should we depend on only Levis and Marks & spencers.Hoping that indian brands should catch up a lot of the local and overseas markets quicker – that goes for pharma too
I dont think having an Iphone or an LCD makes me a cooler/better person. just the internet and a laptop would do.
Cars…status thing and i think people need it..but i dont think its cool to emphasise on Luxury too much…unles its jaguar.
I dont think we need Skyscrapers to make ourselves proud, just well planned cities would do.. I mean more than telcom or retail..Infra companies are making a fucking killing. even worse foreign real estate agents..wanna make money out of buying and selling within India.. i would think we could buy and sell amongst ourselves and dont need to ship money to a foreign firms for it.
We cant do without foreign Soft power…hollywood, star world, rock, foot ball…some of this is good..something that we can get something out of. But many others are just ordinary and nothing thats gonna make ourselves better.
So putting a bit of thought into what to patronise and what not to will do us all good. Other wise if we have no plans on making the quality of life in india better, We should atleat have a good exit strategy – meaning emmigration to other countries. Emigrating not just to do all the hard work like slaves in the Middle east and the I.T. nerds in the west. These guys do the work and suffer, get some money, but do not have a real stake in the resource and the land. Why? in middle east because they have no rights and they are used and kiked back to rot in India. In the US, they work but live in isolated cultural ghettos, have not much of a reputation or fun…but more Importantly..indians have
the lowest fertiity rates there..meaning they do the work, build america and disappear without procreating..while the other minorites..who despite doing only blue collared work..have fun and very successflly procreate like the latinos. As a consequnce of being ass-kissers and wannabes..the hot ones amongst us are used by the other groups.
Arent we excited when we hear that Desis own the spelling bee year after year and other positive stats about us? So desis should atleast try to become affluent and significant in number in other places so that we can get happiness in knowing how successful we have been in expanding. So if at all we decide to open up our markets for foreign companies to reap the profits, it should be at a time when there are no handouts given for the bludgers in america/west..to simply sit at home, have fun and have kids while Indians are working hard either to offshore or in temp visas and not offered a much higher wage than those blue collared jobs in the west and consequently not having time for family and kids. We should only patronise the US where there is lesser social security so that the bludgers out there are forced to work multiple jobs to pay for the things they enjoy. We should atronise foreign companies only when they are giving permanent visas to indian nationals and paying them higher for their work hour by which Indians are able to comfortably raise a family there. We should not be patronising America when the Democrats are in power
So from a laymans perspective..when foreign money comes..they are gonna take back more right? But still I think they r needed only because they are the ones with the capital and has the experience/expertise to run it profitably..all the services we need ..like better airlines or infrastructure or pharma or automobile …..things India desperately need i suppose. But other companies that india dont necessarily need badly are also coming in llike Walmart n their brand of products and clothing, Junk foods, telecom services offering pretty mucht the same servies..but just competing with Indian comapnies like Vodafone ( although the claim is that competition leads to lower prices for the
consumer or sumthing).
There are many who advocate totally opening up to foreign businesses and zero protectionism.if we patronise foreign companies and there by harming our own balance of payments( lets just say a lot of the money supposedto circulate within India goes out to foreign nationals)..through which they buy up our resources…like the nutritious fruits/veges/spices/seafood are exported and average Indians are only left with second grade products. Also other things come into play like loan repayments and lets the dominant powers of the west influence internal economic policies..by which our producers/farmers are ushered into a global market causing them a lot of uncertainity …I
mean lets just say there are consequences of patronising foreign companies and shipping money abroad.
I guess the way to approach this foreign Investment is by truley understanding what we need..like what makes us Cool/better and availing only those services.
What makes us better?..looks..for which we require haelthy,nutritious eating. SO It would be good if we spend our money on importing healthy food to consume…fish, fruits for example and make neat products out of them in our grocery stores.
I guess dressing up..looking and feeling good also helps improve confidence and affects our minds positively. But should we depend on only Levis and Marks & spencers.Hoping that indian brands should catch up a lot of the local and overseas markets quicker – that goes for pharma too
I dont think having an Iphone or an LCD makes me a cooler/better person. just the internet and a laptop would do.
Cars…status thing and i think people need it..but i dont think its cool to emphasise on Luxury too much…unles its jaguar.
I dont think we need Skyscrapers to make ourselves proud, just well planned cities would do.. I mean more than telcom or retail..Infra companies are making a fucking killing. even worse foreign real estate agents..wanna make money out of buying and selling within India.. i would think we could buy and sell amongst ourselves and dont need to ship money to a foreign firms for it.
We cant do without foreign Soft power…hollywood, star world, rock, foot ball…some of this is good..something that we can get something out of. But many others are just ordinary and nothing thats gonna make ourselves better.
So putting a bit of thought into what to patronise and what not to will do us all good. Other wise if we have no plans on making the quality of life in india better, We should atleat have a good exit strategy – meaning emmigration to other countries. Emigrating not just to do all the hard work like slaves in the Middle east and the I.T. nerds in the west. These guys do the work and suffer, get some money, but do not have a real stake in the resource and the land. Why? in middle east because they have no rights and they are used and kiked back to rot in India. In the US, they work but live in isolated cultural ghettos, have not much of a reputation or fun…but more Importantly..indians have
the lowest fertiity rates there..meaning they do the work, build america and disappear without procreating..while the other minorites..who despite doing only blue collared work..have fun and very successflly procreate like the latinos. As a consequnce of being ass-kissers and wannabes..the hot ones amongst us are used by the other groups.
Arent we excited when we hear that Desis own the spelling bee year after year and other positive stats about us? So desis should atleast try to become affluent and significant in number in other places so that we can get happiness in knowing how successful we have been in expanding. So if at all we decide to open up our markets for foreign companies to reap the profits, it should be at a time when there are no handouts given for the bludgers in america/west..to simply sit at home, have fun and have kids while Indians are working hard either to offshore or in temp visas and not offered a much higher wage than those blue collared jobs in the west and consequently not having time for family and kids. We should only patronise the US where there is lesser social security so that the bludgers out there are forced to work multiple jobs to pay for the things they enjoy. We should atronise foreign companies only when they are giving permanent visas to indian nationals and paying them higher for their work hour by which Indians are able to comfortably raise a family there. We should not be patronising America when the Democrats are in power
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