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Showing posts with label Wal-Mart. Show all posts
Why Is Anna Hazare Fuelling Wal-Mart Politics?
Wal-Mart, which symbolise
capitalistic enslavement for the Indians, seems to be dividing India, world’s
largest democracy, in the middle even as the Indian government is bravely defending
its decision to allow Foreign Direct Investment (FDI)
in Retail, a reform which opens a market worth billions of dollars the world’s
major chains are desperate to enter.
The controversy is based on the
perceived pros of the move, strongly supported by the government in need of
urgent foreign investment to cover its budget deficit and maintain the growth
rate of the country and the cons, put forth by an opportunistic and motley combine of communists, communal
parties and the women
chief ministers of three states with over 30% of India’s population, who have
no clue of the complexities of the issue or particular reason other than their
bloated egos to object the move, claiming the government is only fooling
people.
"To
give an impression that FDI in retail will solve all problems like inflation,
price rise and unemployment... whosoever is saying this is fooling people that
FDI will get millions of jobs. It cannot happen."
Are The Indians Stupid To Burn Wal-Mart?
As usual, Indians ignorant about globalisation, are groping in a mess of disinformation and going berserk about Wal-Mart, which unfortunately has come to symbolise Multinational Retail Chains.
I don’t mean the proud ‘American’ Indians who might have sent
Greed is in the eyes of the beholder:
I mean the real Indians, citizens of the largest
democratic country who blindly follow the US India
“Supporters contend that the chain’s
legendary low prices have democratized consumption, allowing low-income
households to afford flat-screen televisions, for example. Critics say those
low prices have depressed domestic wages and exported manufacturing jobs to
foreign countries, hurting Americans more than helping them.”
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