03-24-2010, 07:42 PM
India's growth is hurt massively by three main things:
1) The cult of democracy
2) Socialist regulations
3) Debilitating growth of the followers of "religion of peace"
The cult results in policies like 33% reservation for women or reservations for minorities because a politician wants to get reelected.
It also results in various socialist schemes like "free tvs" & "free electricity for farmers" during election time.
Indians outside India do okay in most countries which shows that a big part of the problem lies with the Indian system.
I don't think you would have seen Lalit Modi get anywhere with his booming IPL if this was in the 90s where socialism was even more rampant in everyday life. More than likely he would have ended up another failed enterpreneur thanks to the license raj.
In 2010 we still have one state that refuses to move beyond the USSR era & keeps electing commies (Kerala). The economy is a total basketcase and survives on remittances sent from the Gulf but the population of the state refuses to learn from the consequences of their actions.
1) The cult of democracy
2) Socialist regulations
3) Debilitating growth of the followers of "religion of peace"
The cult results in policies like 33% reservation for women or reservations for minorities because a politician wants to get reelected.
It also results in various socialist schemes like "free tvs" & "free electricity for farmers" during election time.
Indians outside India do okay in most countries which shows that a big part of the problem lies with the Indian system.
I don't think you would have seen Lalit Modi get anywhere with his booming IPL if this was in the 90s where socialism was even more rampant in everyday life. More than likely he would have ended up another failed enterpreneur thanks to the license raj.
In 2010 we still have one state that refuses to move beyond the USSR era & keeps electing commies (Kerala). The economy is a total basketcase and survives on remittances sent from the Gulf but the population of the state refuses to learn from the consequences of their actions.