Thad E Ginathom
Well-Known Member
Agree, agree, agree... until you mention wal-mart! I'm not American, and have never been there, but do check out on the web about walmart's business model and ethics before you think of welcoming them to India!
This is a whole other topic, of course, but I am no more in favour of foreign domination of India's retail trade than I am of of such domination of any other sector. In so far as India needs the supermarket model, it is perfectly capable of growing its own.
I am very much in favour of competition, and even more in favour of strong and accessible/effective consumer protection. I am also in favour of a strong and locally-owned economy.
We have already talked about the possibility of buying in several different countries around the world: that should remain our freedom and our right. That is the positive in "the global economy". On the other hand, I usually cringe at the word "globalisation" as just being a euphemism for a different form of colonisation. My ancestors sucked the blood out of India a hundred years ago: I do believe that America and its corporations will make the East India Company look like amateurs. I fear that India awaits, with open arms.
Please forgive me if I stray too far into politics here...
This is a whole other topic, of course, but I am no more in favour of foreign domination of India's retail trade than I am of of such domination of any other sector. In so far as India needs the supermarket model, it is perfectly capable of growing its own.
I am very much in favour of competition, and even more in favour of strong and accessible/effective consumer protection. I am also in favour of a strong and locally-owned economy.
We have already talked about the possibility of buying in several different countries around the world: that should remain our freedom and our right. That is the positive in "the global economy". On the other hand, I usually cringe at the word "globalisation" as just being a euphemism for a different form of colonisation. My ancestors sucked the blood out of India a hundred years ago: I do believe that America and its corporations will make the East India Company look like amateurs. I fear that India awaits, with open arms.
Please forgive me if I stray too far into politics here...