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India: What Ails the Giant?

By Jayati Vora

April 2, 2008

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  • India is a perfect example of what ails the working and poor classes around the world... the neoliberal economic policies that take from the many to give to the few.

    How many times was the WTO mentioned as a barrier to a just and equitable solution to the problems of the working and poor classes.

    And now we see it here in the United States as real income for the bottom 60% of society has seen their income drop during what was supposed to be an economic expansion.

    GDP means little or nothing as a measure of a countrys' over all prosperity anymore as the lions' share of this growth heads directly to the corporations and their owners, the top 1%.

    What all countries need are tariffs to protect local markets, farms and business. If this means scrappping the WTO then why not?

    For a great take on the situation read Thom Hartmann's review of "Bad Samaritans":

    http://www.buzzflash.com/articles/hartmann/023

    Michael McKinlay

    Hercules, CA

    04/02/2008 @ 3:55pm


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