Saturday, Sep 26, 2009

Indian Moon Rocket Discovers Water on the Moon — While British Taxpayers Feed India’s Poor

BNP: Indian Moon Rocket Discovers Water on the Moon — While British Taxpayers Feed India’s Poor

In desperation for a good and relevant article on the economy, I decided to read the literature of the dark side!
Perhaps worth a read, comments welcome I guess.

Posted by new_order @ 03:06 PM (1531 views)
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1. new_order said...

In 20 years time, if some of the predictions on this site are true, perhaps the same aid money could be coming the other way!

But my money is on China. I think China has advantages over India but both will be the power-houses of the future.

Saturday, September 26, 2009 03:10PM Report Comment

2. uncle tom said...

Totally off-topic, but one has to concede that they do have a point.

It's several years since I was last in India, but I do recall seeing the extremes of wealth and poverty living in very close proximity to each other, yet no-one seemed terribly bothered about it.

With Indian GDP growing at around 7%, one would hope that they can now find domestic funds for charitable work, so that aid funds can be focused on more troubled nations.

Saturday, September 26, 2009 03:53PM Report Comment

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4. new_order said...

Uncle Tom, your experience in India is similar to what I experienced in Egypt.
Tinted BMWs sharing the same roads as donkey carts.

I suppose if India did have to pay for its poor then their books won't balance. Perhaps the UK could learn from this.

Saturday, September 26, 2009 04:03PM Report Comment

5. alan said...

It was some years back when I did some technology and finance talks to school leavers in Hydrabad.

There was a thirst for kowledge and none of the kids messed about. Contrast that to some experiences my teacher friends have in N. London and Basildon and you will realise the Indians are catching up fast. A Bollywood actor showed me the big split between wealth and poverty while I was over there. One attitude was that if you nurse people too much, they won't get off their backsides.

I saw some of the policing over there, too. The police certainly get respect.

Are we wasting our money on food aid?....... Well, not if you accept they have lessons to teach us!

Saturday, September 26, 2009 04:46PM Report Comment

6. enuii said...

I must agree that the point made is valid and there are other similar examples around the world.

When the Sangatte camp was cleared last week much to the bleating of UK charities it struck me that we have enough vulnerable and ignored people in the UK to worry about.

Perhaps it is about time we looked after our own without giving what is effectively borrowed money to the sorts of countries our government to all intents and purposes is borrowing it from!

Saturday, September 26, 2009 04:52PM Report Comment

7. new user 2007 said...

The Japanese have funded more projects in China and South Korea in recent decades than we have done in India. The Japanese abused those countries, but is the UK any different (pushing India's industrial development back centuries,while overseeing an increase in famines, and taking resources)? The Japanese call it reparations, and in countries that had (South Korea) or have (China), the same aid but investment in technology. We whinge, despite getting more from India than the Japanese did.

And the Japanese are fully aware that it is a good bet to get on with countries that will one day surpass their own. I suspect that much of our money is also about diplomatic relations. Also, I would love to know how much of the defence budget in India the BNP is complaining about was actually used buying British arms. And how dare any other countries spend money defending themselves (India has largely to problems with issue that is a direct result of British rule). This kind of rubbish only works on the ignorant.

Saturday, September 26, 2009 05:16PM Report Comment

8. icarus said...

new user 2007 - yep, there's often self-interest involved. Also, some of the functions of investing in international development have been privatised. DFID's Commonwealth Development Corporation was privatised a few years back (now CDC Group plc) and its fund-management arm, Actis, has often been criticicised for profiteering - its directors firmly have their snouts in the trough. They reward themselves not for development impact - what they achieve on the ground - but for attracting new capital to their fund and for returns on that capital. So instead of concentrating on low-profit agricultural development they go for the likes of shopping centres and mobile phones, which could attract private capital anyway. Aid to India is just the smokescreen behind which these b'stards are trousering millions.

Saturday, September 26, 2009 06:17PM Report Comment

9. uncle tom said...

pushing India's industrial development back centuries,while overseeing an increase in famines

I don't know where you're getting those ideas from, but I think you'll find the truth is the exact opposite.

Saturday, September 26, 2009 06:18PM Report Comment

10. Mrminsky said...

pushing India's industrial development back centuries,while overseeing an increase in famines

- you forgot that the English gave India it's most precious current resource....think the English centres, software development

Saturday, September 26, 2009 08:31PM Report Comment

11. japanese uncle said...

new user

Perhaps it may be fair to mention the statistics that under the Japanese colonial rule, literacy in Korea for instance was remarkably improved from 10% (in 1910) to 60% (in 1936), let alone in Taiwan and other territories. To this date, the top universities in Korea and Taiwan are the ones established by the Japanese colonial governments. On the other hand, look what emerged in India after the long spell of British colonial rule. A nation with one of the poorest education standards, totally divided by the caste, an economy squeezed to the limit without any prospect of industrialization.

Saturday, September 26, 2009 09:11PM Report Comment

12. the number cruncher said...

Most foreign aid is nothing of the sort it is actually "UK" aid as it is paid directly to UK contractors or farmers. Also foreign aid is often associated with arms purchase as legal bribes to buy our weapons. The article is simplistic rubbish as most foreign aid is 80% self interest.

Saturday, September 26, 2009 10:57PM Report Comment

13. Mikeymoo said...

Even if 80% of foreign aid is self interest, that still leaves them with £165 million, or 3 more rockets to the moon.

Sunday, September 27, 2009 02:08AM Report Comment

14. new user 2007 said...

Japanese uncle:

I am agreeing with what you said. Indeed, the main positive tangible thing we left them was the railways. But these were not built for charitable reasons. The system provided troops access quickly, in case of rebellion, and brought resources back quickly to the ports.

Uncle Tom:

At the start of the 18th century India and China dominated textile production but India was forced to buy textiles from us. Why do you think Ghandi wore a plain white robe and the flag of India shows a textile wheel? It was the symbolism of what had been lost under our rule.

If you look at the numbers who died from the beginning of the "age of empire" to India's independence, more died of famines in India than any records before that suggest (even including factors such as increased population and use of less productive land owing to the said increase in population). This may be more open to dispute, but neither cannot the link be dismissed (think Ireland too).

Sunday, September 27, 2009 05:08AM Report Comment

15. new user 2007 said...

p.s. the wheel has religious underpinnings now, but Ghandi had a different motivation regarding the wheel

Sunday, September 27, 2009 05:27AM Report Comment

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