November 19, 2005
Capatalism Under Fire
I blogged before about medical tourism in India. It's a great example of comparative advantage: a highly-educated sector of a developing nation creates and sells something of real value.
They make money, educated Indian medical professionals don't have to emigrate to the UK or USA, patients save money and get a renewed appreciation for Indian people and culture beyond Chicken Marsala -- it's great! Who could object?
Well, Indian socialists and the BBC. The Steel Deal links to just such complaints.
"It is time for the government to pay more attention to improving the health of Indians rather than to enticing foreigners from affluent countries with offers of low cost operations and convalescent visits to the Taj Mahal "
Enemies of modernity come in all colors and shapes. India's socialist roots will dig deep to impede progress. But I still think the nation is a real rising star. China's power without its adherence to Communism.
Economics and Markets Posted by John Kranz at November 19, 2005 12:56 PM
Most people do not grasp the speed at which India is progressing. It is leaps and bounds ahead of China in all regards except in its miitary.
India will be a good partner for us for a long long time.
Any further friction between us and China will only serve as further impetus for India's growth.
At this very moment, India is a force which China takes very seriously ... and guess what?
Any battle in the forseeable future will have India come out on top.
We, as a nation are as closely tied to India as to Israel. Most people do not grasp these things.
That is best. Better to let our relationship grow unnoticed for another 10 years or so.
Then, India will emerge as as good an ally as Japan or Australia and as potent a force.
Posted by: Steel Turman at November 19, 2005 7:28 PM | What do you think? [1]