Indian Education: Actually Terrible !!! 1783

Straydog

and perhaps it is also necessary for americans to stop thinking that wealth originates in the US, and if only we could elect the right president -he will solve all of our problems.

The use of a dominant position to eleminate compebreastors is prohibited by US law (Sherman act) since the days of Standard Oil. But the laws are difficult to implement -more so in a capitalist country, where capital buys a lot more than anywhere else. That aside, aerospace is a very capital-intensive process and if a company with better engrs-design cannot attract capital -it won't be able to survive. You cannot blame the guy who attracted capital for that.

and so now do you understand that preventing offshoring to a cheaper location is a SIMILAR case of taxpayers-consumers paying for the welfare of greedy pigs demanding $100K+ salaries? All of those high incomes that american workers consider their birthright have got to be paid by someone -just as the US taxpayer pays heavily for the military establishment this includes engrs working on defence equipment deisng-manufacturing.

or you can leave it to people who believe in curbing wasteful govt expenditure financed by taxpayers. If there is greater compebreastion, workers will be forced to lower their expectations towards min wage the good old iron law of wages and that will save taxpayers money and also keep more americans employed albeit at a lower salary.

yeah -but defence(DARPA) is just an alias for govt subsidy for financially unproven research work. You could say the US taxpayer has bankrolled lots of academic projects which benefited the world around you.

I just did.

Yeah -as I told you many times before, we aren't much of an export oreitned country. If MNCs started coming to India, it isn't because your president took pity on us and allowed them to send some jobs to India. It is because the govt was arm-twisted by the IMF to open up the economy. Even after all that, the Indian economy is relatively insulated from any swings in US consumer's spending.

The US and EU provide farm subsidies which have caused irepairable damage to many economies. In India, the govt has to let that subsidized stuff compete in return for our engrs competing with americans. If you didn't have subsidy at your end, your engrs will be able to compete better and so you gain some jobs in engg but lose out on some agri-products.

Its broken as far as poor people are concerned and fixed as far as transnational businesses are concerned - i.e. the current influx of mexican immigrants is also tied to the broken system. After NAFTA allowed for cheaper-subsidized agri-exports from the US to mexico, many mexican farmers went bankrupt and their erstwhile self-sustained rural communities went bust thanks to transnat agri-businesses in league with your politicians. That left those starving mexicans with no other option but to start gate-crashing the US for work (and the case of women -as strippers-prosbreastutes etc). It gave american businesses more human capital because of which they prospered and as a matter of fact, the greying population of the USA that can no longer do labour intensiive work is being helped out by enslaved labour -that has no rights and always lives in fear of law enforcement. I would add that mexico suffered a severe drought in the 1990s around the same time -but the fact that they have had normal weather for many years thereafter means that you cannot blame it on the weather and their population couldn't have exploded to justify the gate crashing either.

regards -kamal