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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: ChinuSFO who wrote (32785)	12/19/2006 4:46:49 PM
From: slacker711	Respond to of 541119

I have not known of capitalists making a beeline to take their business to countries where they do not see a potential. Who said India didnt have potential? I have been investing in the Indian market for several years and I doubt many see as much potential in the country as I do. That being said, it suffers from a variety of ethnic/religious problems that have not disappeared just because capital is flowing into the country. If you invest in India, you automatically take the risk associated that some sort of prolonged ethnic/religious riots could convulse the country and hit the market. It could come from a terrorist attack in Delhi, a court decision on the disputed site in Ayodya (Hindu religious site) or by a fire set on a train full of Hindus in Gujurat....all are unfortunately not only possible but seem probable based on recent history. By the way, the US still attracts far more capital than any other country....so by your definition, the capitalists must see quite a bit of potential in the US. You talk about election fraud. The last General election in India was electronic and people in every village voted electronically. And I have not heard of any political party complaining about the way elections were conducted in India. You talked about election fraud....I used the word corruption. While we can argue about the election fraud that may take place in the US, there is no doubt that the average Indian has to live with day to day corruption that most Americans are unlikely to ever see. Slacker