Perhaps it ties back to that show I saw on TechTV a few months back.
Western companies were building fenced complexes with their own power
generators and investing ZERO back into the local infrastructure. It
reminded me of the British rubber and tea plantations of 70 years ago.  They
TOOK local resources and labor with as little investment as possible.  The
only difference is, the corporations have figured out how to take the local
labor around the world without actually spending any money on it.  The
laborers trained at their own expense how 'sound' like they were not Indian,
then worked until the company thought they were no longer cost effective.
The "Colloquial" English schools lasted from 6 months to a year, paid for by
donations from the pupil's extended family, then they might only find a few
months of 'salary work' before being fired.  It's bad that the companies
ship our jobs over there--the way the Indians are treated is worse.  It's
Lose-Lose--unless you're a western company getting seriously cheap labor.

Face it, the people HERE who are put out of work by off-shoring aren't going
to buy a lot of non-necessities. And the people there aren't going to buy
western goods, because they are underpaid in addition to being heavily in
debt to their own relatives.  Who ever thought that the arrangement was
going to benefit anybody but the top levels of western corporations is
seriously WRONG.





-----Original Message-----
From: Johnson, Tracy [mailto:[log in to unmask]]
Sent: Monday, May 17, 2004 2:50 PM
To: [log in to unmask]
Subject: Re: [HP3000-L] OT: Stock market crash in India?!
Importance: Low


Wow, the new Gov't just got elected a couple of days ago
and they've already implemented changes to the marketplace.

It's amazing how fast the Indian gov't works!

(Insert sarcasm here.)

It's all perception.

BT


Tracy Johnson
MSI Schaevitz Sensors

> -----Original Message-----
> From: HP-3000 Systems Discussion [mailto:[log in to unmask]]On
>
>
> Ray asks:
> >
> > More good news for outsourcing?
> >
>
> In part, the article states:
> --------------------------------------------------------------
> --------------
> ----
> The market plunged on fears the Congress party - which will
> head the new
> government - could slow the privatization of state-run
> companies and undo
> market-friendly policies to appease leftist parties, whose support is
> crucial for a parliamentary majority.
>

[snip]

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