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Root Cause of Problems - Role of Government.
by imran patel on Apr 10, 2008 11:52 PM   Permalink | Hide replies

RESERVATION IS JUST A SYMPTOM. NOT THE ROOT CAUSE.

Unless we Indians understand the concept of smaller government, I find it difficult to be optimistic about a change in our daily lives.

Think about it,
- The government is the biggest employer in the country
- The government does NOT make any money, it collects money and then spends it in an un-wisely fashion (I am saying that in a very polite way)

We are still living in this seudo-communist state, where we think government is the solution to all problems. When infact, government is the root of all problems.

I will not blame any government here. It is the nature of the Beast. It is not the right institute to solve our nations problems.

Government will always pander to get votes, because it is a political outfit. We need less government and more private firms.

Private firms run on profits, THE BOTTOM LINE. They have benchmarks
They are accountable
They have to make profits (Share Holder investment)
They are LESS prone to corruption
They have leadership that is not pandering to any voting block
They encourage competition, eventually to the benefit of the consumer
They do NOT have reservations
They reward hard work
They FIRE lazy people

Agree, private firms cannot do everything. The nations defense, Tax collection, Judiciary and some other functions need to be with the government. Nothing more than that.

A bigger government is a recipie for discrimination, exploitation, corrupti

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  RE:Root Cause of Problems - Role of Government.
by gac on Apr 10, 2008 11:55 PM   Permalink
bottom line private ownership looks for the benefit of the share holder in sense to make profit alone and dosnt care abt the consumers or the public... public ownership looks the benefit of the consumer or the public alone and not the profit alone.

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  RE:Root Cause of Problems - Role of Government.
by imran patel on Apr 11, 2008 12:03 AM   Permalink
And who are the share holders ?
They are common citizens like you and me.

Where have you been for the last 10 years ?

Have you ever compared the services of a State Bank that to a private Bank ?

Is that was "Benefit" of the consumer looks like ?

take off your COMMIEEEE glasses and see the difference between government run systems and private companies.

Ever applied for a driving Licence ?
Ever applied for a telephone connection in the 90's ?
Ever went to a post office Vs Courier Service ?

Stop playing dumb.


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  RE:Root Cause of Problems - Role of Government.
by gac on Apr 11, 2008 12:09 AM   Permalink
imran, share holders in india is only abt 2% of our population,leave that majority of indians wont kno the meaning of shares.. come to reality india is still a poor nation where still people die of hunger, malaria etc.. we are not america where most of them are shre holders

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  RE:Root Cause of Problems - Role of Government.
by imran patel on Apr 11, 2008 12:13 AM   Permalink
Have you ever thought why after 60 years we still have people die of Hunger ?

We have these "Socialist" or "Communist" policiues in place for the last 60 years ?

Has anyone checked if they made a positive impact ?

Its been 2-3 generations since we got independence. And you are telling me that we still have people dying from Hunger. So does that not mean that these social programs have failed !!!

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  RE:Root Cause of Problems - Role of Government.
by OBC Yadav on Apr 11, 2008 12:08 AM   Permalink
Imran I think you are living in dream land. Common people do not own Shares. Even if they do, they are not more than 0.01% person like you. Our Indian stock market is manipulated, almost all the shares are owned by industrilist himself.

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  RE:Root Cause of Problems - Role of Government.
by OBC Yadav on Apr 11, 2008 12:00 AM   Permalink
Your less government has caused Mortagage crisis in US. Investment Bank like Bear Stern did some risky investment because of less regulation and has almost brought 1929 like depresion. There should me more, better regulation (OH! excuse me more Govt) to keep market out of these stupid speculator.

Please Imran Last time, Use your own thoughts. don't write what you recently read form some article.

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  RE:RE:Root Cause of Problems - Role of Government.
by imran patel on Apr 11, 2008 12:05 AM   Permalink
Hahaha...

Even if companies make the wrong bets, they have to face the consequences.

Bear Sterns made bad bets and should have faced the consequences of liquidation. There was no need for the FEDS to bail them out.

Business rise and fall. It is part of the game. Success and failure go together.

OBC Yadav,
For one last time, Just tell me your are a COMMIEEEEEEE.

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  RE:RE:RE:Root Cause of Problems - Role of Government.
by OBC Yadav on Apr 11, 2008 12:11 AM   Permalink
FED bail them out because this would have been a devastation on ficiancial market. I think you need a lesson or two on economics.
You can educate yourself in economics, by reading a book or two from some Stanford or Harvard professor. I pitty you guys who write blog by reading newspaper. And present those view on Desi Blogs as your own.

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  RE:RE:RE:RE:Root Cause of Problems - Role of Government.
by imran patel on Apr 11, 2008 12:16 AM   Permalink
what rubbish.

Bear Sterns was not worth more than 9 billion. Thats a trickle in the 12 trillion US economy.

Enron went bankrupt. It was multiple-folds bigger than Bear-Sterns. It did not devastate the financial markets.

Wake up.
Use common sense before you even consider opening a book, let alone from Harvard.



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  RE:Root Cause of Problems - Role of Government.
by OBC Yadav on Apr 11, 2008 12:24 AM   Permalink
You need lesson on current Mortagage crisis. Fed making deals on Banks behalf.
Next time, you improve your content and we will discuss. Your are not offering any meaning full content. You are just bablling. Good luck

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  RE:Root Cause of Problems - Role of Government.
by imran patel on Apr 11, 2008 12:28 AM   Permalink
That is what I am saying.

The FED is doing the WRONG thing. They need to let markets correct themselves. Intervention will prolonge the recession.

There was no need for congress to approve and fund the buy-outof bear-sterns by JP Morgan.

Government should stay out of this.

Success and Failures go hand in hand.
Individuals/companies must face the consequences of their actions/investment.

Bear Sterns make bad investment. There is no reason for government to bail them out.

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