Sunday, March 15, 2009

G-20 meeting

Here's C. Fred Bergsten (Testimony at the US House of Representatives) on what deal the G-20 countries should shoot for. The early indicators are that what's likely to come about is a small step in this broad direction. Ila Patnaik (in Indian Express) has an Indian perspective on the G-20 meeting.

3 comments:

  1. Great blog you have there my friend!

    I love India. I am planning to go there! For now I am visiting India through this website: http://googleearthpage.blogspot.com/

    Nice weekend! ;)

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  2. The reason millions of Indians are poor is the global capital flow structure - that is invisible, kept as a close secret. We're forced to have millions of Indians working for foreign markets, the foreign exchange earned is spent on oil and other imports.While oil costs less than $5 a barrel to produce the US-backed OPEC cartel ensures unimaginably high crude prices.The sheikhs keep their dollars in New/London banks, and we in turn borrow from them. The artifical strength of the US dollar means that we will never have money to build highways, power plants, ports- millions in India will remain poor forever and only the American vassal company employees will prosper a little bit. Nobody in India is willing to think about the fate of those poor millions, kept at a bare minimum of existence, despite their willingness to work more than 14 hours a day. Roti, Kapda Aur Makaan (Food, Clothing and Shelter) is their highest possible dream, an election plank for the few liars who purport to represent them.

    ReplyDelete
  3. Indian Investor,

    I deleted one of your comments since you violated the rules of the game of this blog.

    ReplyDelete

Please note: Comments are moderated; I will delete comments that misbehave. The rules are as follows. Only civilised conversation is permitted on this blog. Criticising me is perfectly okay; uncivilised language is not. I delete any comment which is spam, has personal attacks against anyone, or uses foul language.