Ruchir sharma, one of my most admired authors following him since his first book....excellent interview. The problem with the Indian capitalism is that the Government wrote off more than $170 billion of bad loans of the rich and the richest with the likes of Ambani or Adani are making their money on "Public assets" fueled by debts from the "Public sector Bank's money". Their earnings from the public assets of ports, telecom waves, airports, gas and others rather than their tech or manufacturing prowess like in China, South Korea or the US.
Inequality is nothing but a low per capita income, we will alwayes have more billionaires, rapidly increasing per capita income is solution to inequality rather than finishing billionaires.
Ruchir has been on every platform possible in India, but it's the quality Faye , that brought the Indian aspect of his thoughts in true value and key attributes that make him.
Big fan of Ruchir. Faye, you've earned yourself a fan and subscriber with this interview. Such brilliant questions. I listen to most of his interviews and the questions here seemed so carefully thought out.Insightful interview indeed. Keep on keepin' on Faye.❤
Before regulating businesses, government should take care of law and order which is one of their primary responsibilities. If they do that businesses will automatically flourish. If they try to do everything, they will not be good at anything, which is the current situation.
Top billionaires in India are in infra areas where they influence govts for their benefits. So a little dent in his argument that billionaires are in non govt sectors.
26:17 exactly people just confuse capitalism with greedy riches controlling all but is system where everyone is free to break monopoly.. every person should at least read wealth of nations once
Very engaging interaction between Faye D' Souza and Ruchir Sharma. One of very rare vlogs which i heard patiently till the end. Lot of insights and many of my beliefs about indian economy and 2047 milestone is proven right.
Capitalism's biggest flaw, as that of socialism and other forms of market regulation, is that it is imposed by humans. We will always bring personal agendas into economic theory and not care who gets hurt as long as it serves our interest.
Yeah girl, bring something invented by the gods instead. The guy Ruchir Sharma works for the Rockefellers, and you expect him to speak the truth about Socialism?😂😂
Nice point. Actually it is more like once settled on the chair, they only wish to go higher. That is the bad side effect of human nature and people will have to come with a structure of ruling system that will keep the interests of any single individual to never be able to capture the power center....
That kept coming to my mind. You can blame the role of governance and the capitalistic systems only so much, but as a citizen you have to introspect about how this drive for wealth creation is harming society across different verticals. First, is that Malthusian concerns have not been alleviated altogether. The global population is 8.1 billion and it is projected that our Earth, even if it is vast and majestic, can only support the needs of about 2 billion people living a lifestyle equivalent to the average middle-class American household, meaning that we need about 4 Earths to support everyone living that kind of lifestyle. Second, the inequality is as much a result of people from the upper class finding creative ways to avoid taxation (some even through philanthropy) and those from the lower class having to survive on some or the other form of welfare with the middle class bearing the major brunt of the taxation. In countries within the Global South with higher levels of corruption, more people can find ways to avoid taxation and public money is not spent in the most effective way to ensure development of public infrastructure. Lastly, unless people as a collective inculcate the spirit of giving back to society - not merely through taxes but through other forms of service - instead of being focused on increasing just their own family's wealth, then you wouldn't have large swathes of people being left to fend for themselves. I believe that "there is still enough for everyone's need rather than some people's greed" and every system is subject to Murphy's Law, which means that what can go wrong will go wrong - and there is usually a greater element of human involvement in this rather than external factors, especially given the control humans have achieved over their external environments due to technological progress. Things are not as dire as they seem because we still have a healthy and growing population, but it has to taper off at some point and power needs to be more decentralized to move towards great egalitarianism around the globe.
And that's because his PR team is organising all these interviews to promote his new books. So basically for him its advertisement through educational talks, interview etc
21:09 most Americans are humble , honest n hard working..because of their policies they florushed , welcome tallent from the world, hv open mind to think n express , leaders are changed. Where as those who followed USSR type - "socialism" in 60-80's failed utterly -russia, india , vietnam, central asia countries, africa n korea... Japan flourished tks to USA model..... You r in america thats why u can express freely... not in china, n korea or vietnam...pls appreciate that..
Great video, but please do better with the sound engineering. The audio mixing between the two mics is bad and adds this odd reverb. I’m guessing you’re not using a clapper to sync the two audio recordings.
Madam & Sir, irrespective of place and time, wealth inequality has been in the past,is in present,and will always be there in future in all societies,tribes,states and nations. Liberty,equality,and fraternity are words which have originated from Europe after several violent revolutions and are words based on the concept of utopia. One can find echoes of these in the 3 monotheistic religions with Messiah beliefs.
He is spot on. Today I saw on Sky news that Tata is going to cut jobs in its steel plant which is the biggest in uk despite being subsidised by the uk government. Infact, I saw this phenomena a lot particularly in auto sector no new players are coming at all. There is a lot of protectionism. In this case China is much better than west, Japan and Korea as china has so many players in the EV sector with constant innovation taking place in one firm after the other but west is only relying on Tesla.
I mean I think that US's increasing expenditure on bailouts for private companies makes complete sense given that they want to remain the top dog in international affairs and the American military-industrial complex is "too big to fail"
Well done. Insightful, thought provoking. Consider this : Spend less, live simply, mess with capitalism by donating your savings to non profits 😂 That said, Faye , I had a wonderful morning doing chores while listening to this episode
Hi ruchar ......... When u say tat ultimate success for u to is A free agent ...... Nd the example u quote ...... I think it pretty vouge to think like tat bcz either u become so powerful tat when u say no ...... Furst of all u should be in position so tat there is no repercussions for u ...... Give u power to say no witout thininking outcome or my mum says even till ur last breath u have to worry about the chores u r doing don't means u r aspire to be successful it simply necessary for survival!!!
Select the right stocks ....check for valuations ... and fundamentals .... Long term investors need not worry .... For Trading ofcourse you have stop loss ..... Price or Time corrections will keep coming in between
Most deadliest weapon of capitalism is debt, whenever crisis arise to change system. World take debt, start printing money, with trickle down economy, debt again distribute with inequality
Brilliant interview Faye. However dont you think 200 billioners in India are mostly from manufacturing is worrying? Primarily coz this implies govt easing taxes on manufacturing (read The Rich billioners) while consumers ending up paying taxes as huge as 28% or even higher on certain commodities! Other way of saying this is, isn't this the reason most right thinking ppl feel India is the most taxing nation while literally giving nothing in return (taxes even death) and hence opt to leave India?
I save money and pass it on to my kid (not even the plural word kids) and my kid does the same with his grand kid. Someone else is spending all his money but has 5 kids and the kids have nothing and those kids later have 5 kids each. Now suddenly these people want to snatch the wealth of the former? How is it the fault of capitalism? So fight income inequality and not wealth inequality
Capitalism is good for capitalists and the monied class but not good for common people. Look at the high income inequality and poverty (37.6 million) in America. How can any sane person advocate such a system. I do not advocate for state socialism either which is as disastrous as unbridled capitalism, but I still hope something new will evolve in the times to come where there is no poverty and inequality as in the US and elsewhere..
I think you misunderstand him...the entire point was that old capitalist were not challenged and replaced by new capitalist due to regulations by government. The cycle of was impeded and now we are in a state where people are extremely rich and poor at the same time.
Equality should be in opportunities not in outcomes and in outcomes it should have less extremity but a absolute equality is paradox. If someone is rich it's because he gave his hardwork on unutilised resources ko and injected it to economy, which so called comman man can also do if he comes out of his comfort zone and fear of risk taking.
If u compare the Poors of usa western Europe japan Singapore s Korea with socialistic countries. U would find out that they are poor in comparative manner. A manual sweeper would be poor in Singapore but he doesn't have to starve unlike poor of india
Capitalism is not the problem. Bailout of dying companies is a socialist thing to do. Capitalism involves creative destruction, and protectionism stops it.
Impressive interview technique of asking hard questions. But given too much wriggle room and licence to escape without meaningful answers. Good example of his rather elusive response to last question about how can commitment to green energy can happen without regulations. Owning house is an overrated "need". And to move to that from a question about green commitment is rather elusive!!!!
I'm not buying his initial framing of Capitalism vs Socialism, because the problem in both cases is that people want to use the economic system to avoid taking responsibility for their own decisions. On to the "capitalist's lament"... Capitalism: societies are "democratic" because people vote, but broad decisions are made by corporations. Socialism: broad decisions are made by government.
Most people here, misunderstood Ruchir Sharma. What he is actually saying is, bailouts and protectionist measures, and over-regulation are impeding capitalism, and turning it into crony capitalism. And socialist-minded people do exactly these measures he speaks against.
Communist ideology is good but at the end it's gonna end in poverty like how soviet union collapsed the oldest city Kolkata which was IT hub in 1970s due to communist every company shifted to bangalore , now kolkata is very far away from developed city , even Noida and Gurugram are overtaking kolkata interms of IT industry
I respectfully have to disagree with Ruchir's perspective on direction. The facts speak for themselves-there are deficits across the job market, SMEs, savings, and imports compared to exports. Inflation, financial inequality, corruption, cronyism in the infrastructure sector, and substandard construction quality are prevalent. Politics takes precedence over everything, including women's safety, with government machinery being used to suppress opposition. Media practices are biased, and the legal system questionable. Additionally, cultural, caste, and communal divisions are exploited for votes. I could go on and on, but these are just some of the key issues.
@@mohammedmurtaza3257 On economic Issues BJP is the only rational(relatively in a socialist backwater country) choice . Rest of your points are noise. On social issues you can have your grudge due to politics of BJP but on economics INC is not really a choice.
@@mohammedmurtaza3257 Objectively you know the growth rate of UPA2 so there is no comparison between both parties. Similarly “Khatakhat politics” is socialism on steroids. Nahi chahiye vo.
This guys seems to be a bit of fruit loop. Like he got into investment because it was a nice shiny carrot dangling infront of him, lied on his job application to get a job at Economic times and thinks that ultimate freedom is not giving a shit or rationale for RSVP-ing to a dinner invite. All the things that are traps of capitalism in the first place. what a weird way to justify neoliberal capitalism. Meanwhile, legends like Amartya Sen writing about Development as Freedom get little or no platform in our country.
While Ruchir makes some important points, I think he is wrong with India. Broad strokes are not helping. The automotive industry's VED principal should be applied. Vital, Essential and Desirable. Vital to a country is Education, Healthcare, Housing. We have seen the impact of private enterprise in these three vital sectors, which is truly the backbone of an economy/country. All this talk of entrepreneurship, wealth creation, etc is great till you see that entrepreneurs don't care about the economy; they care about themselves, which means making their enterprises profitable. They don't care about educating the under privileged; only the monied class. So, let us get real about these. He tears into government regulations, and then talks of regulating monopolies. Really? When does a company get really big for countries to regulate? Hundreds of subsidiaries and registered in tax havens, and he expects those governments to regulate? I would say, a bit immature.
![[#2024MAMA] ROSÉ (로제), Bruno Mars - APT. | Mnet 241122 방송](http://i.ytimg.com/vi/dgGqD28J6aQ/mqdefault.jpg)
love this hack line that he mentions: we tend to compare our insides with other people's outsides! what an insight!
It's deep, but not original. Nonetheless, it is an excellent insight!
Follow him closely, he has made several outstanding such insights over the years!
Ruchir sharma, one of my most admired authors following him since his first book....excellent interview.
The problem with the Indian capitalism is that the Government wrote off more than $170 billion of bad loans of the rich and the richest with the likes of Ambani or Adani are making their money on "Public assets" fueled by debts from the "Public sector Bank's money". Their earnings from the public assets of ports, telecom waves, airports, gas and others rather than their tech or manufacturing prowess like in China, South Korea or the US.
Hi! Faye and Ruchir Powerful Statement “You need crisis unfortunately to change course until that happens you keep rolling down the same path”
Absolutely!!
Exactly 💯
Inequality is nothing but a low per capita income, we will alwayes have more billionaires, rapidly increasing per capita income is solution to inequality rather than finishing billionaires.
Top billionaires in India are in infra areas where they influence govts for their benefits. So a little dent in his argument.
...and that is how humans brains are wired
Ruchir has been on every platform possible in India, but it's the quality Faye , that brought the Indian aspect of his thoughts in true value and key attributes that make him.
Huge admirer of Ruchir.He explains tough concepts without patronising.
Best advice " live life in parallel". Thanks Ruchir
I fell in love with Economics in my UG Engineering College 🥰
Ruchir Sharma, Very sensible person with great analysis as usual.
Brilliant talk , thanks for bringing Mr Sharma on for this discussion.
Big fan of Ruchir. Faye, you've earned yourself a fan and subscriber with this interview. Such brilliant questions. I listen to most of his interviews and the questions here seemed so carefully thought out.Insightful interview indeed. Keep on keepin' on Faye.❤
Awesome, thank you so much!
Incredible conversation
Before regulating businesses, government should take care of law and order which is one of their primary responsibilities. If they do that businesses will automatically flourish. If they try to do everything, they will not be good at anything, which is the current situation.
Superb interview 👏🏽
Waoh, till now knew nothing about NCERT economics untill saw this interview realky about economics. Thank you Faye for calling out Mr. Sharma
Top billionaires in India are in infra areas where they influence govts for their benefits. So a little dent in his argument that billionaires are in non govt sectors.
Do some research list out all 200 billionaires and see
One of my favorite authors of economics, the book rise and fall of nations is a gem.
Most well balanced sensible interview. Learnt so much.
Ruchir spoke well but Faye you did far better with your gently asked but probing interesting questions 👍👍❣️👏👏
Excellent questions. Awesome replies. Perfect handling by Faye! Too good thanks 🤩
Glad you enjoyed it!
Faye D'Souza, great content keep up the amazing content
Thank you so much!
love his 2nd hack line to build mental toughness: live life in parallel and not in series
26:17 exactly people just confuse capitalism with greedy riches controlling all but is system where everyone is free to break monopoly.. every person should at least read wealth of nations once
Very few people are like us. Subscribed. I hope you change Indians mentality.
Great questions faye! This is one of my favorite interviews you have done so far
Glad you enjoyed it!
@Faye great interview!!! Very simple and very direct
Thanks for bringing us a great conversation.
Very engaging interaction between Faye D' Souza and Ruchir Sharma. One of very rare vlogs which i heard patiently till the end. Lot of insights and many of my beliefs about indian economy and 2047 milestone is proven right.
I have read 'Breakout Nations', loved the nuances and perspectives.
Capitalism's biggest flaw, as that of socialism and other forms of market regulation, is that it is imposed by humans. We will always bring personal agendas into economic theory and not care who gets hurt as long as it serves our interest.
Yeah girl, bring something invented by the gods instead. The guy Ruchir Sharma works for the Rockefellers, and you expect him to speak the truth about Socialism?😂😂
Nice point. Actually it is more like once settled on the chair, they only wish to go higher. That is the bad side effect of human nature and people will have to come with a structure of ruling system that will keep the interests of any single individual to never be able to capture the power center....
That kept coming to my mind. You can blame the role of governance and the capitalistic systems only so much, but as a citizen you have to introspect about how this drive for wealth creation is harming society across different verticals.
First, is that Malthusian concerns have not been alleviated altogether. The global population is 8.1 billion and it is projected that our Earth, even if it is vast and majestic, can only support the needs of about 2 billion people living a lifestyle equivalent to the average middle-class American household, meaning that we need about 4 Earths to support everyone living that kind of lifestyle.
Second, the inequality is as much a result of people from the upper class finding creative ways to avoid taxation (some even through philanthropy) and those from the lower class having to survive on some or the other form of welfare with the middle class bearing the major brunt of the taxation. In countries within the Global South with higher levels of corruption, more people can find ways to avoid taxation and public money is not spent in the most effective way to ensure development of public infrastructure.
Lastly, unless people as a collective inculcate the spirit of giving back to society - not merely through taxes but through other forms of service - instead of being focused on increasing just their own family's wealth, then you wouldn't have large swathes of people being left to fend for themselves. I believe that "there is still enough for everyone's need rather than some people's greed" and every system is subject to Murphy's Law, which means that what can go wrong will go wrong - and there is usually a greater element of human involvement in this rather than external factors, especially given the control humans have achieved over their external environments due to technological progress.
Things are not as dire as they seem because we still have a healthy and growing population, but it has to taper off at some point and power needs to be more decentralized to move towards great egalitarianism around the globe.
Faye D'Souza loved the way you interviewed Ruchir Sharma. Thanks!
What a coincidence, i have watched his 2-3 interviews yesterday and today you uploaded podcast with him
not a coincidence, that's youtube algorithm my friend
And that's because his PR team is organising all these interviews to promote his new books. So basically for him its advertisement through educational talks, interview etc
Faye.. fantastic guest list..Loved this fascinating conversation...
So glad you are liking it!
21:09 most Americans are humble , honest n hard working..because of their policies they florushed , welcome tallent from the world, hv open mind to think n express , leaders are changed. Where as those who followed USSR type - "socialism" in 60-80's failed utterly -russia, india , vietnam, central asia countries, africa n korea...
Japan flourished tks to USA model..... You r in america thats why u can express freely... not in china, n korea or vietnam...pls appreciate that..
Superb
Great video, but please do better with the sound engineering. The audio mixing between the two mics is bad and adds this odd reverb. I’m guessing you’re not using a clapper to sync the two audio recordings.
Thanks
Thank you :)
What an interesting conversation 😊thanks!
Glad you enjoyed it!
loved this, thanks faye and team
Thank you!
Such an insightful and honest discussion. Capitalism is frightening if one is at the bottom since the profit driven mentality is murderous.
Madam & Sir, irrespective of place and time, wealth inequality has been in the past,is in present,and will always be there in future in all societies,tribes,states and nations.
Liberty,equality,and fraternity are words which have originated from Europe after several violent revolutions and are words based on the concept of utopia.
One can find echoes of these in the 3 monotheistic religions with Messiah beliefs.
Ruchir gives a subtle slap on people calling for more regulations
45:40
amazing work touching upon failure with such a successful person who expresses his volatility, great listening Faye !!!!!
A very informative and engaging Session.. thanks a lot for doing this.
He is spot on. Today I saw on Sky news that Tata is going to cut jobs in its steel plant which is the biggest in uk despite being subsidised by the uk government. Infact, I saw this phenomena a lot particularly in auto sector no new players are coming at all. There is a lot of protectionism. In this case China is much better than west, Japan and Korea as china has so many players in the EV sector with constant innovation taking place in one firm after the other but west is only relying on Tesla.
Fantastic episode! 🌟✨
A suggestion: Would be great if you could add chapters/timestamps going forward. 🙌🏻
Ruchir Sharma without taking the names tells how Adam Smith's idea of capitalism is ruined by Milton Friedman's flawed pro-investor concept.
A free agent ❤ well said sir well said
ruchir the product of rockfeller and faye d souza product of china all good
Interesting... to know such personalities behind the numbers/predictions they churn out like magic.
I mean I think that US's increasing expenditure on bailouts for private companies makes complete sense given that they want to remain the top dog in international affairs and the American military-industrial complex is "too big to fail"
Quality content.👍
Well done. Insightful, thought provoking. Consider this : Spend less, live simply, mess with capitalism by donating your savings to non profits 😂
That said, Faye , I had a wonderful morning doing chores while listening to this episode
This is not what he said.
@@rajx7120 I agree. Hence to consider an alternate view. No good no bad. You do you. Namaste
Hi ruchar ......... When u say tat ultimate success for u to is A free agent ...... Nd the example u quote ...... I think it pretty vouge to think like tat bcz either u become so powerful tat when u say no ...... Furst of all u should be in position so tat there is no repercussions for u ...... Give u power to say no witout thininking outcome or my mum says even till ur last breath u have to worry about the chores u r doing don't means u r aspire to be successful it simply necessary for survival!!!
Select the right stocks ....check for valuations ... and fundamentals .... Long term investors need not worry .... For Trading ofcourse you have stop loss ..... Price or Time corrections will keep coming in between
Thank you Faye for asking general qns which average ppl like me can understand instead ofhigh fundoo 😊
Will Richie enlighten viewers when was the time when there was inequalities in lifestyle, access to resources, power, and contacts???
I think there is difference between capitalism and capitalist. Rather than capitalism failing its capitalista are failing.
Great conversation, but please fix your mic and audio. There’s echo which honestly at this level is unacceptable.
Balance of payment crisis... economic crisis of India each time.
First time I heard PewTin instead of Putin
Why suddenly this man is in every podcast ?
"When Capitalism fails, it is not Capitalism" - The Genius Ruchir Sharma
Shameless liar.
Most deadliest weapon of capitalism is debt, whenever crisis arise to change system. World take debt, start printing money, with trickle down economy, debt again distribute with inequality
My mother invited us home for dinner. I said 'no' without saying why. I learned I am not a free agent yet.
Brilliant interview Faye.
However dont you think 200 billioners in India are mostly from manufacturing is worrying? Primarily coz this implies govt easing taxes on manufacturing (read The Rich billioners) while consumers ending up paying taxes as huge as 28% or even higher on certain commodities!
Other way of saying this is, isn't this the reason most right thinking ppl feel India is the most taxing nation while literally giving nothing in return (taxes even death) and hence opt to leave India?
I save money and pass it on to my kid (not even the plural word kids) and my kid does the same with his grand kid. Someone else is spending all his money but has 5 kids and the kids have nothing and those kids later have 5 kids each. Now suddenly these people want to snatch the wealth of the former? How is it the fault of capitalism?
So fight income inequality and not wealth inequality
Income Inequality is different from Wealth Inequality
Clear your understanding first
Capitalism is good for capitalists and the monied class but not good for common people. Look at the high income inequality and poverty (37.6 million) in America. How can any sane person advocate such a system. I do not advocate for state socialism either which is as disastrous as unbridled capitalism, but I still hope something new will evolve in the times to come where there is no poverty and inequality as in the US and elsewhere..
I think you misunderstand him...the entire point was that old capitalist were not challenged and replaced by new capitalist due to regulations by government. The cycle of was impeded and now we are in a state where people are extremely rich and poor at the same time.
An unequal USA is still better then any of true socialist country
People aspire to move to america no one is going to Latin america
Equality should be in opportunities not in outcomes and in outcomes it should have less extremity but a absolute equality is paradox. If someone is rich it's because he gave his hardwork on unutilised resources ko and injected it to economy, which so called comman man can also do if he comes out of his comfort zone and fear of risk taking.
If u compare the Poors of usa western Europe japan Singapore s Korea with socialistic countries. U would find out that they are poor in comparative manner. A manual sweeper would be poor in Singapore but he doesn't have to starve unlike poor of india
Capitalism is not the problem. Bailout of dying companies is a socialist thing to do.
Capitalism involves creative destruction, and protectionism stops it.
The inequality in India is high because of rampant crony capitalism.
Crony capitalism is the result of govt intervention not capitalism. Capitalism in its purest form, there shall not be any govt intervention .
Brazil is one of the least unequal countries. China and india one of the highest.
Capitalism with assent of mahatma gandhi trustieship combination can called socio capitalism(creating wealth with welfare of society as one object)
Psychology china under ground military. For land rovers
Marquardt Meadows
Jody Crescent
How he got to write a column in economic times at the age of 17, without degree or experience?
Impressive interview technique of asking hard questions. But given too much wriggle room and licence to escape without meaningful answers.
Good example of his rather elusive response to last question about how can commitment to green energy can happen without regulations.
Owning house is an overrated "need".
And to move to that from a question about green commitment is rather elusive!!!!
can india beat China 😂😂 in what ??? population ....?? sure 😂😂😂.... in development ? never 😂
I'm not buying his initial framing of Capitalism vs Socialism, because the problem in both cases is that people want to use the economic system to avoid taking responsibility for their own decisions. On to the "capitalist's lament"...
Capitalism: societies are "democratic" because people vote, but broad decisions are made by corporations. Socialism: broad decisions are made by government.
No
Podcast fatigue is real.
New leaders great rhetoric- and the same leaders soon become leasers!!😜!!
Bailout is not new. East India Company was one of the first companies that were bailed out by the govt. 😂
Daniela Branch
Most people here, misunderstood Ruchir Sharma.
What he is actually saying is, bailouts and protectionist measures, and over-regulation are impeding capitalism, and turning it into crony capitalism.
And socialist-minded people do exactly these measures he speaks against.
Lol every politician in india preach socialism while they themselves live the fruits of capitalism. Khatakhat
He thinks really highly of himself lol
Ranveer one was better
If capitalism has failed. why are you investing ?? You should keep your funds in FD and keep quiet... Nonsense.
China has far better governance
Communist ideology is good but at the end it's gonna end in poverty like how soviet union collapsed the oldest city Kolkata which was IT hub in 1970s due to communist every company shifted to bangalore , now kolkata is very far away from developed city , even Noida and Gurugram are overtaking kolkata interms of IT industry
I respectfully have to disagree with Ruchir's perspective on direction.
The facts speak for themselves-there are deficits across the job market, SMEs, savings, and imports compared to exports. Inflation, financial inequality, corruption, cronyism in the infrastructure sector, and substandard construction quality are prevalent.
Politics takes precedence over everything, including women's safety, with government machinery being used to suppress opposition. Media practices are biased, and the legal system questionable. Additionally, cultural, caste, and communal divisions are exploited for votes.
I could go on and on, but these are just some of the key issues.
@@mohammedmurtaza3257 On economic Issues BJP is the only rational(relatively in a socialist backwater country) choice . Rest of your points are noise. On social issues you can have your grudge due to politics of BJP but on economics INC is not really a choice.
@@TheAnuragsingh objective facts not subjective opinions brother
@@mohammedmurtaza3257 Objectively you know the growth rate of UPA2 so there is no comparison between both parties. Similarly “Khatakhat politics” is socialism on steroids. Nahi chahiye vo.
See map ,water ,sky and land.
Hum to youn se america ja sakta hoon.opposite direction of earth.
What's this Pyootin? Bhai bolna nahi aata kya tujhe?
This guys seems to be a bit of fruit loop. Like he got into investment because it was a nice shiny carrot dangling infront of him, lied on his job application to get a job at Economic times and thinks that ultimate freedom is not giving a shit or rationale for RSVP-ing to a dinner invite. All the things that are traps of capitalism in the first place. what a weird way to justify neoliberal capitalism. Meanwhile, legends like Amartya Sen writing about Development as Freedom get little or no platform in our country.
too many people watched this garbage
F for failure and F for Faye. Wonder what’s common between the two😂
This guy is total nonsense.
While Ruchir makes some important points, I think he is wrong with India. Broad strokes are not helping. The automotive industry's VED principal should be applied. Vital, Essential and Desirable. Vital to a country is Education, Healthcare, Housing. We have seen the impact of private enterprise in these three vital sectors, which is truly the backbone of an economy/country. All this talk of entrepreneurship, wealth creation, etc is great till you see that entrepreneurs don't care about the economy; they care about themselves, which means making their enterprises profitable. They don't care about educating the under privileged; only the monied class. So, let us get real about these. He tears into government regulations, and then talks of regulating monopolies. Really? When does a company get really big for countries to regulate? Hundreds of subsidiaries and registered in tax havens, and he expects those governments to regulate? I would say, a bit immature.
Good evening faye 🎉😂❤
Thanks
Thank you so much @sureshbajaj6031