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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 152.72-0.2%Jan 28 3:59 PM EST
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To: T L Comiskey who wrote (35464)7/17/1999 9:37:00 PM
From: Maurice Winn  Read Replies (1) of 152472
 
*How to get rich* India chooses not to. They are the world's biggest democracy, which is a warning that democracy is not the be-all and end-all that the most religious exponents of it would have us believe. Nor the most peaceable, despite the fantasy that democracies don't start wars.

China has freed itself from Maoism and the worst excesses of collective misery. India continues to vote itself poor.
So of course, Qualcomm is more interested in China's phone opportunity than India's. But Qualcomm is interested in India's brainpower. Q! had hiring campaigns in India. Remember Mancheria.com or whatever it was? A small place in India and Q! registered the name. Don't know why.

Until India allows foreign investment and repatriation of profit and a more open economy, while protecting private property and enforcing contracts, it will remain an economic backwater despite there being nearly a billion people there [I was a bit loose with the numbers a few days ago].

Here's an idea why India is how it is:
edge.org

India, absurdly, is even trying to get rid of English, which of course is one of their primary advantages. It isn't quite correct that most speak English. Local languages predominate and the Hindus push that silly Hindi stuff in an act of cultural imperialism. China's GNP per person is much higher than India's. They have another 300m people. They are heading for the economic high ground while India is littered with partly built buildings, hand-built road, [literally]. I didn't see much sign of 'modernizing quite rapidly' two years ago.

I think that's what gives.

Maorice
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