2.17 - India Escapes Collapse (Commanding Heights Sample)
Uploaded by: Sidewinder77
Video Description:
Commanding Heights: The Battle for the World Economy
Watching Russia go down
Bankruptcy ahead
Turning against the party
Ending the Permit Raj
Watch all of Commanding Heights at PBS.org
http://www.pbs.org/wgbh/commandingheights/hi/story/index.html
Tags for this video: Central Collapse Commanding Communism Economics Heights India Manmohan of Planning Singh Socialism
Find more videos in the "Howto" category
See more videos uploaded by Sidewinder77
Comments for this video: Show || Hide
Tell a friend:














About China, it's laughable how uninformed you are. China is one of the least regulated markets in the world. And that is a good thing. Independent monetary policy? The Chinese have raging inflation, much higher than in the west, this is a big weakness, not a strength. And they made a mistake in taking on so many US dollars which they will end up getting only a fraction of the value back.
I used the US, Canada and Hong Kong, to show what has happened in countries that have had a relatively free-market for a while so as to illustrate how those countries turned out. China particularly, now has more economic freedom than either the US or Canada. That is why their growth rate is much higher. The only way for a society to prosper is for the government to get out of the way with less taxes, less spending, less regulations and bad laws.
India per capita GNP is only about $4000. The poverty line in the US is around $15000 so you are wrong again. They may be hard working and skilled, and they are going in the right direction, it's just that wealth and capital build up does not happen overnight. The middle class in India is not financially secure, not in any sense we are used to, you don't what your talking about.
Oh now I see, your one of these people who have been brainwashed for what passes as economics in our brainwashing schools. Let me ask you some questions. Are you a Keynesian? Do you believe government should be involved in the economy because the free-market is flawed? Have you ever even heard of Austrian economics? It will be a pleasure for me to see you show your ignorance.