Let's focus on India and the United States for the sake of argument. It is my contention that India is poor by choice and that it works very hard to stay poor. Conversely, the US is rich because it works very hard to not only...
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Let's focus on India and the United States for the sake of argument. It is my contention that India is poor by choice and that it works very hard to stay poor. Conversely, the US is rich because it works very hard to not only maintain its wealth, but to get richer by the day. India is poor because it is fixated on poverty. Immense national resources are used to subsidize the poor and provide jobs for them. As a matter of fact jobs are sacrosanct in India, which goes to great lengths to preserve unproductive jobs. Contrast that with the United States where emphasis is put on productivity and productivity gains. In essence the relentless pursuit of productivity gains is at the heart of US prosperity and the mindless emphasis on preserving jobs is at the heart of Indian poverty.
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