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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: mishedlo who wrote (27343)4/12/2005 12:44:44 PM
From: seventh_son  Read Replies (1) of 116555
 
India also has a lot of peculiar problems with its caste system, which dominates life to a major extent even now although the government does not acknowledge it. Hopefully someone from India could explain it here better, but it seems to me that the markets are not so free when much of business deals, who hires who, works for who, or even talks to who, is controlled somewhat by a complex and arcane labyrinth of caste divisions in society. Those who have now worked in the US and are going back will likely start to change this rapidly, but it has held India back and will likely continue to do so.
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