October 15, 2005

Spot the Corrruption

The Telegraph, 23.09.2005

Once and for all, there is no relation between economic liberalization and surrendering of a nationís sovereignty. If India sells textiles to Europe throwing the latterís industry into turmoil, is the former somehow politically subjugating it? No, because Europe can export capital goods to us, for instance. For Ashok Mitraís information, this is the whole concept of inter-dependence.

Second, if foreign companies open factories in India employing erstwhile-unemployed Indians, it increases the incentive for domestic companies to become more competitive and in the process, expand to acquire economies of scale and hire more workers.

Third, the left is not exactly the epitome of anti-corruption. Fourth, it is debatable whether a strife-torn BJP would be able to come to power if the left ceases to compromise on its morals and causes the UPA government to fall. The reason why the comrades are not pulling the string is because mid-term elections could pave the way for a Congress-majority government. That could deny our comrades their little place in the sun.

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