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Old 03-10-2008, 09:42 AM   #31 (permalink)
Tronic
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As long as China and India continue with cheap, or slave labor practices, the gap between the rich and poor will decrease, but only to a certain point.
Slave labour??? Come again?

As for cheap labour; it is due to the costs of living being much lower in India or China then the West. A person in India can afford to pay rent, provide food and clothing for say 4000 Rupees a month (which is about a $100). Can you do that with a $100 in the US? As far as I know, don't think so. You must take into account the costs of living.
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Old 03-10-2008, 10:50 AM   #32 (permalink)
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Gamercube,

My bad on the high/low, its been a long week. I still dont agree with you though. You argument completely ignores the situation regarding poverty in both countries. Implying that the poorest million Americans might be better off than the million poorest Indians is very poor choice of wording. The difference in situation between those two groups is shocking. You are saying that because India has fewer rich people than America it has less inequality. That is an empty argument. I congratulate those Indians that made that list, but face the fact that for all its impressive growth India still holds more of the worlds poorest than any other country. America's wealth does not make it more unequal, India's poverty does.
HKDan,
Your argument is valid. The Gini coefficient measures the equity of distribution within a country without providing a measure of standard of living across countries.
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Old 03-10-2008, 10:53 AM   #33 (permalink)
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Adux,

Absolutely. I have the greatest respect for India's growth and the progress that continues to be made in reducing poverty. However, Gamercube's argument that India has less income inequality than America does not hold water and is basically a trick of statistics. That is the extent of what i was trying to say.
Don't hate the player, hate the game!

Gamercube is correct in the presentation of who has less income inequality. However, he is using an apple to try and describe an orange. This is not the fault of the statistic, but rather the incomplete application of the statistic.
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Old 03-10-2008, 10:59 AM   #34 (permalink)
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Adux,

I have not read the entire thread, but your figure is very positive for India!
At that current pace, "IN A PERFECT WORLD", would end poverty in about 75 years in India with no population growth.
I also agree with your statement that every person moving up on the chain gives people hope that they also can make it!
Here in the U.S., one of the most capitalistic countries in the world, has a population of 300 million. Of those 300 million people, we also have the most billionaires and millionaires! Am I bragging?? NO!!!
What I believe in, is the middle guy!! Your average American.
In this country, the gap between the rich and the poor is increasing. It is a disease that is spreading around the world!
Most of the U.S., "BLUE COLLAR" jobs have moved overseas to countries that pay "pennies on the dollar". With this modern move, the U.S. has now become a, "WHITE COLLAR COUNTRY", in which the poorer, and "UP AND COMING COUNTRIES" manufacture our everyday goods.
As a business owner myself, it is cheaper to pay someone $.30 per hour then $30.00. In this situation, it makes more CEO's richer, but CEO's in other countries that own the manufacturing factories wealthy beyond believe!
I know 99% of you already know this, but China and India is currently experiencing there new wealth. As long as China and India continue with cheap, or slave labor practices, the gap between the rich and poor will decrease, but only to a certain point.

Thanks!
You bemoan the "middle guy", and yet you speak only of the two ends, the rich and the poor. What about the "middle guy", who has seen his compensation increase over the past decades? What about the absolute increase in the standard of living for even the poor in the US? How has this occured? Through the use of markets.

Also, this "slave" labor is happy to be provided the opportunities to work in factories that many in the West look down upon because of their own coddled sense of morality, especially in the light that we ourselves employed similar conditions in our rise out of and above poverty/subsistance. If Western moral indignation were to shutter all these "slave" labor factories, we'd be sentencing millions to a life of subsistance where a mosquito net would be a luxury to protect them from diseased mosquitoes (whose populations have increased because of our moral indignation over the supposed but not so much real in most cases harmful effects of DDT).

Yes to sweatshops! Yes to child labor!
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Old 03-10-2008, 11:34 AM   #35 (permalink)
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What is sweatshop to you is OK by us!

Our cultural background teaches us to accept hardship as a normal way of life. That is why what is normal for you all, appears mollycoddling to us.

Our needs are limited. While you cannot do with a gas guzzling SUV, we are more than satisfied with our small cars. We are philosophical. A car is to carry people and we are satisfied. You require a car as a fashion statement even if it pollutes the environment!

You want to be the strongest, bestest and the powerfulest! We are satisfied if we can live our lives without interference!

We can do without airconditioning, while you think it is oppressive!

Yo don't care about the Union Carbide horror of gas leakage and death in Bhopal and feel it is a part of life and business ethics, but you ambulance chase over trifles and sue over trifles as if the world has collapsed!

You believe that by sitting with your child for half an hour is quality time and we feel that if you are not devoted to your child beyond the so called quality time, you are a failure in parenthood. It is quality time all the time here!

Culture is the difference!
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Old 03-10-2008, 12:04 PM   #36 (permalink)
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Ray Reply

"We can do without airconditioning, while you think it is oppressive!

Yo don't care about the Union Carbide horror of gas leakage and death in Bhopal and feel it is a part of life and business ethics, but you ambulance chase over trifles and sue over trifles as if the world has collapsed!

You believe that by sitting with your child for half an hour is quality time and we feel that if you are not devoted to your child beyond the so called quality time, you are a failure in parenthood. It is quality time all the time here!

Culture is the difference!"


Brigadier,

This reads as a blanket condemnation and as objectionable as it is inaccurate. There are too many good, hardworking, modest Americans devoted to their children 24-7 and contributing to causes worldwide to accept something like this.

Unfair.
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Old 03-12-2008, 07:11 AM   #37 (permalink)
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We can do without airconditioning, while you think it is oppressive!
Ray sir have to disagree there, life without AC in Chennai is unbearable.
One journey by bus and I'm finished.
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Old 03-12-2008, 07:35 AM   #38 (permalink)
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Ray sir have to disagree there, life without AC in Chennai is unbearable.
One journey by bus and I'm finished.
Not that I'm nitpicking, people did live in Chennai and a lot many still do before all the AC hoopla, that too with recurring power cuts during the license raj era.
We are used to the heat, I can live there with out an AC even though I lived in the colder parts of the US for the best part of the last decade.
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Old 03-12-2008, 07:49 AM   #39 (permalink)
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HKDan,I have no problem with helping the farmers, As a matter of fact I believe the investments made till now, arent even close to being enough. We need irrigation, good marketing pricing, ease of distribution etc etc. Most of the Indian farmers have no economies of scale due to the very small land holdings they have.
I would say this is the most sensible thing the FM did. Anything like this will reach the recipients directly unlike the supposedly investments the government make through babudom. Even then a lot of farmers do take loans from loan sharks who will not get any respite from this move, but atleast the next time they think about getting loans most of them will defn try the banks.

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Nearing next election year, farmers might just take loans and not pay up, since they expect the government to do something for them. Is that the kind of citizens a country needs?
That is a very distinct possibility. It is reported that this year the repayments of loan slowed down during the run up to the budget. But the small farmers who are benefited by this scheme normally are law abiding moral people and they tend to be inspired by the system than misusing it.

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We need to give more money to the farmers, help them in investments, through open the field to private company level players.
You cannot disburse money randomly to farmers through babudom. It never works. If you open up the field to private companies,even though farm production increases, it will not decrease rural poor, infact it will be opposite.
The system is in-efficient now,mostly because of the number of people it involves, when you drastically remove the in-efficiency a lot of those people will have no work, no money and no marketable skills to survive.

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They are currently in bad situation, the farmer suicides are at the highest, I rather the government gave them more money on top of what they owe and give them more time, and simulatenously help them with investments in irragational projects etc etc.
Again, its not the banks that are driving most people to suicides, its the loan sharks. The govt has to find a way for the farmer to access capital, like the smart card system that they are planning.

The next major investment should be in irrigation and water management systems. About 60% wait for monsoon for their living and when we have a poor rainfall, most of them loose their capital.

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I dont care even if he is Harvard educated bloke, he is still a politican trying to socialist and populist in an election year.
But you should care, becoz if you dont have a person who can think, you will get some one who'll just stamp their names based on the selective inputs you get babudom.
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Old 03-13-2008, 01:30 AM   #40 (permalink)
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Jay, we need private players to come in.
Already due to various climactic problems wheat yield is low.
There is now before govt a tough choice, allow private farm companies and reduce grain prices but see farmer suicides and rural poverty rise up or do nothing and see essentials prices go up and affect common man.
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Old 03-13-2008, 01:35 AM   #41 (permalink)
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Yes to sweatshops! Yes to child labor!
Thank you! Finally someone agrees with me. You should see the horror on people's faces when I say put the kids to work so they can have better lives.
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Old 03-13-2008, 18:04 PM   #42 (permalink)
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Jay, we need private players to come in.
Already due to various climactic problems wheat yield is low.
There is now before govt a tough choice, allow private farm companies and reduce grain prices but see farmer suicides and rural poverty rise up or do nothing and see essentials prices go up and affect common man.
Vote bank politics rule India, not sanity. Even though I'm against regulation and redtapism, in this instance, it does make sense to regulate the private players, coz there are simply too many people that would go jobless if we let the market to decide.
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Old 03-13-2008, 18:07 PM   #43 (permalink)
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Ray sir have to disagree there, life without AC in Chennai is unbearable.
One journey by bus and I'm finished.
Dude are you even serious? I did my undergrad in Chennai. 30kms both ways, every day, by bus. Did fine.

I did however have a big bad desert cooler at home.
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Old 03-14-2008, 01:12 AM   #44 (permalink)
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Dude are you even serious? I did my undergrad in Chennai. 30kms both ways, every day, by bus. Did fine.

I did however have a big bad desert cooler at home.
Heh you guys all more heat tolerant than me. But problem is not of distance (used to travel every day by bus in Cochin and no problems). Try standing in an overheated metal box stuck in traffic packed full of people (add lovely smell of Cooum river also). After the first hour it just gets me down. So need the ac in my room to recover.

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