Politicians of UK can not hold a candle to Indian politicians; nor the people of UK match the high level of people apathy.To quote an example, Chief Minister of Tamil Nadu had his nominee in the central govt(federal govt)in the IT ministry.In offering Spectrum Band width allocation, Rs.60,000 crores(One $=Rupee 50) worth irregularities were found. The PM was also convinced of this.He could take no action as his party was dependent on the party the minister belonged to.But he made his displeasure known and refused to take him into the Cabinet, following recent polls. Despite the PM’s party did not need the minister’s party desparately,still he accommadated him in the same portfolio.
Tragedy is People have voted for the corrupt Minister and his party overwhelmingly.
Politicians in UK are children in corruption when compared to India and for voter apathy you can not match us.
Category: Economy
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Corruption in UK.
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Protectionism
What is the alternative?Let us look so called World leadership in Economy.Where has it landed?-in depression,as is being witnessed today.We know that allowing foreign imports on a grand scale may not be the sole reason for present economic chaos,but it is one of the major causes for it.If a Nation allows foreign products to swamp the market local industry will suffer,especially it is difficult to compete with China and Hong Kong products.As it is China investing in US bonds is cause for worry as it is likely to pave the way China taking control economically.Let there be Trade war.It is a double edged sword.
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On Stimulating Economy
The suggestion assumes that corporates were under-hired, which is not true.Secondly to avail the tax benefits- What is to prevent the corporates to fire the existing employees and hire new ones?
Creating consumers in general terms is not the solution.It is not what you spend but what you spend for that fuels economic recovery.If consumers for non essential items are created, situation shall worsen.If you create consumers for infra structure( results will take some time in coming) then you are on a safe wicket.
Merely increasing jobs for the sake of creating consumers shall result in negative growth of the corporate sector.Best way is to explore new areas of investment in goods and services and effect a cut in imports.
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