Indian Economics thread.

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krautmeister

krautmeister

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sndef888 said:
An article from 1997 describing how India lost to China in the economic race.

Very interesting insights from the POVs back then. Seems like the ones who were more optimistic about India's democracy have been proven wrong

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There is a famous quote from when this book was released in 1997. The quote was the rhetorical question "Would you rather be the poorest man in China or in India?". This rhetorical question was supposed to have the answer INDIA because it was assumed the absolute poorest man would still have their freedom in a democracy. In 2020, China eliminated absolute poverty while the poorest Indian man is probably an untouchable Dalit who is not just the absolute poor but also forced to live with generational Caste system discrimination. To this day, we still have almost the entire Western media and population at large describing India as a vibrant, colorful, spiritual, free democracy while describing China as a dystopian, sad, polluted, dark land of unthinking robot people. It really is amazing how effective the propaganda has worked.
 
Gatekeeper

Gatekeeper

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What a good read. @siegecrossbow you'll like this.

By Bhim Bhurtal

India was, is and will be nowhere in the world

Highlights

"Recall a few facts. India, among the South Asian countries, is at the bottom of the Global Hunger Index, 2020. India even lags behind literally starving countries such as Congo, Ethiopia and Angola."

"One in five Indians still earns under US$37.50 a month – and 88.87 percent of the population or, in other words, nine out of ten, still make less than US$ 165 a month in India."

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Hendrik_2000

Hendrik_2000

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siegecrossbow said:
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good article Here is the meaningful paragraph

How did China achieve this? Our search for the answer must begin with the realisation that no nation can make such spectacular progress in such a short time without the united, organised and well-directed efforts of its people. Lee Kuan Yew, Singapore’s visionary leader, once said, “Communism has failed in China, but the Chinese Communist Party has succeded.” What he meant was that, in China, the organisation that has strengthened people’s unity, provided strategic vision to the nation, and served as both a political leader and an all-encompassing governing mechanism is the CPC. China has evolved its own unique Party-State system in which the party leads everything everywhere – this phenomenon has solidified since Xi became CPC’s general secretary in 2012. This seems odd and unacceptable to multi-party democracies.
 
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