House of Paine

mud duckstein

wanna read a cross compare on india and china...


here's one

by marty feldnottle 


========================================


"India ... is making remarkable economic progress 
despite enormous structural problems"

 "That progress will, however,
 be far less visible than it is in China"

" In India [you] will not see the ... general level
 of prosperity that [is] seen in urban China. 
But the progress in India is nevertheless real. ..."

"India is handicapped by a socialist past"

------------------- now thats interesting----------------------
                              
"... enormously powerful labor unions
 and 
    influential entrenched business interests"

---------------ah klass based  pluralism 
   unlike say...
pinochets chile -----------------------

" The tradition of state ownership
  is hard to reverse 
in a country where trade unions
 dominate employment
 in the public sector and in private industry. ..."

---------- thanks for the clarification -------------



"There has been a wide range 
of significant macroeconomic reforms
 Sound monetary policy by the central bank
 has reduced inflation to less than 5% ... "

"A floating exchange rate 
   and the accumulation 
of foreign exchange reserves
 reduce the risk of the kind 
of currency crisis that hit Asia ... "

--------------------- oh really ????-------------

"A complex system of state and federal taxes
is being replaced by a unified national VAT"

-------- my god thats worthy of the younger pitt --------------

" The budget deficit, although still too high,
 has been reduced ... "


---------- the guy  pretends
here
 he never saw a public sector
 he didn't want to seriously shrink
or a  state deficit that didn't need
 immediate closing
 does he believe himself???
i doubt it ---------------

"India's gross national saving rate 
is a relatively robust 32% of GDP" 

------- 32% is only relatively robust ???
what is really robust 50%
you fuckin sadistic fink ----------------------

"The government's microeconomic policie
 have been less successful
 than its macroeconomic reforms"

" Energy remains a major weakness,
 with too little building 
of electricity generating capacity
 and a distribution system that wastes much ... 
The results are electricity shortages,
 brownouts and the ubiquitous small generators 
in shops and homes 
because the state electricity supply is so unreliable"


----- yup here comes the privatization advert -----------

"In contrast, telecommunications
 is working well because of widespread use 
of privately supplied cellphones... "

"It is ironic that cellphone service 
is widely available at low cost 
because it was regarded
 as a luxury and therefore left to the market
 while electricity is hard to obtain 
because it has been regarded 
as a necessity and therefore managed 
by the government"

-------------- ho ho ho  
lesson obviousenough for ya  here ????
 oh how about water supply ????-----------------------

" Transportation is beginning to improve
 A new "open skies" agreement 
with Washington allows U.S. airlines 
to fly to any city in India ..."


------ now there's a ket development 
the trans nats can get 
in and out  on a wink -----------


"Road travel is still difficult 
in India but a national network 
of divided highways is cutting time for
 traffic among major cities. ..."

---------reason ....landlord class -------------

"The system of primary and secondary public education
 is a terrible failure"

--------- again....landlord class ---------------

" especially for girls and low-income 
and rural households
 with a resulting high level of illiteracy"


----------- all the better to reproduce 
                  and work my fields -----------


" In contrast, elite institutions 
of higher education 
produce world-class graduates
 among those who have been able
 to buy quality secondary school education. ..."

------ this poiint needs 
at least a sky hook martyq
besides showin mama what you know
       where you goin with it ?? ----------

" high-tech industries 
are growing rapidly because 
of the combination of wages 
that are low even by Chinese standards
and 
 an absolutely large educated labor force
 with  widespread knowledge of English."


--------- yaaaaaaaaaaaaa ????----------------



"But industrial activity in general,
 particularly employment-intensive manufacturing,
 is much less developed than in China"


--------- and here's why ...----------
.
"Industrial development is hampered
 by labor market rules ...
 and by the continued government ownership
 in a wide range of industries. ... "


--------- surprise surprise..and again
how does this fit with china's ...model 

i'll stop beating around the bush here

feldy wants to praise china's control of the labor force
and wide open profiteering system

but then he can't entertain the possibility that a public sector thatn  retains control
of banks and keeps jobs going at state enterprises
may well develop faster and better then 
the privatized profit max 
 micro state of say
  ...pinochet's chile 
so we get this  mish mash of fact and bizwax fancy "


"The  establishment of new firms 
is also hampered by the weakness 
of the banking system"

---- not enough credit to go around ???---


---nope ----

" The commercial banks are still largely state-owned... 
They devote much of their lending
 to the purchase of government bonds"


-------- where as  in china  
where they are all...all state owned 

but i quibble ------------------------

" Although new private banks are expanding,
 there is political resistance 
to selling the state banks 
or allowing foreign banks 
to enter the Indian market ..."

------------------- 
       let in the trans nats you fuckin wogs 
they know best
how to build your industrial base

look at... chile or ...haiti or...nigeria
or
   the congo ...or ----------



--------------------------------------------
my comment elsewhere:



"feldstein has the mind of a mud duck 

he loves
 the sound of his own  quackery 
and waddling around
in the marle of his own deceit 

this particular hindu express 
                punditation 
utterly lacks coherencei needed point out
 the jagged pattern 
of internal contradictions
least of all the barren lack 
of an actual china v india 
tally sheet 
-----------------------------

christ that storky  
  cologne sniffing  heel
                on 
the  O'Railery factor  
often makes sounder clangs 
                with his agit props

i suspect this piece  for the WSJ
--if anyone needed further proof---
shows feldstein's towering arrogance 

one gaps at him 
 turning out
  such obviously  shoddy work 
how could this ever 
passes the  internal quality control 
of a man with integrity 

i hear him 

"  get it right???
why bother

hell
 its for those f...ing
biz dopes 
 
just slop the hogs with their favorite
                        corn mash 
               and write the time spent
                   off as a marketing  investment 
                            towarda beefy-er 
                                              fee structure  "