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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: arun gera who wrote (237628)	7/25/2007 8:13:47 PM
From: Maurice Winn	Respond to of 281500

Good point Arun about ownership of state assets. That's why I thought Iraqis were not responsible for debts incurred by Saddam's administration and could reasonably abrogate the loans. Anyone who lends to kleptocratic governments [all of them] should not be surprised to lose their money. When some new rulers took over the state-owned assets of India, which were paid for by taxes in India, you are quite right that Britain shouldn't complain, just as Helen Clark shouldn't complain when she is booted out next year after years of milking the public of New Zealand to feather the nests of herself and her supporters. I don't know what property was stolen from non-Indians. I might be wrong there. China certainly took over private property in bulk. I'll ask Google. There must have been a flow of capital to India to get things going, so I'd be amazed if there wasn't a lot of uncompensated capital left in India when the British left. A quick request from Google didn't come up with much in the way of items. Mqurice