P. Sainath: Globalizing Inequality
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Eye opening presentation.
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That is twisted unsubstantiated argument
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Free economy in reality is mass rape of precious resources of this planet by top 10% of world's population.
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Get yourself informed. Free economy/investment/market came at a cost. Privatisation ruined agriculture (masses livelihood), destroyed PDS(masses access to cost effective food materials), destroyed public health sector (masses health). When BSE Index crosses 1000 mark, masses produce rotted competing with the subsidised US farmers produce.
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Somehow i have always failed to understand this ideology of always presenting investment/ free economy/markets as being the enemy of the welfare of the masses. There is any correlation at all between the sensex and human misery. He even goes to the extent of saying that the market indices are misery indices in 1990 the BSE Index was nearly around the 1000 mark does that mean that quality of life of the Indian masses, the people he repeatedly brings up, was orders of magnitude better.
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Truth as it is...
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u shud read it...
..he comes of a bit strng here, but isnt 0.1% off the mark..esp abt the market indices...and this isnt even something new that he is telling...but i guess it takes a prson like him telling this at the top of his voice fr peopl to listen..
This is no free economy. The only free economy is practiced by the poor people. The Big ones holds it by government largess and help.
puspanjali 3 years ago 4
I am not sure what his point is? A huge influx of Cash via Aid and Investment will be an overall net benefit to the people of these effected nations. Economic laws trump desires of people unfortunately. A shift back to Nehru's policies or the permit system no matter how much they are wanted to work will not translate into wealth creation. Not being able to to dissociate a tragic event and the economic spin offs is no excuse to return to the archaic system that was the Indian economy.
EasyEs 3 years ago