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leosanchez • yesterday at 12:59 PM • 3 replies • view on HN

> India has been crippled by decades of socialist government overreach.

It baffles me that country still has strong anti-capitalist views. I guess lack of education does that to people.

Also, BJP is slightly right of Congress (post 1991) when it comes to economics.


Replies

Gangway0829 • yesterday at 1:12 PM

Being to the right of the current INC is not an achievement. The only people not in that position are Maoists.

Anyway, I think it's reasonable to be suspicious of the wealthy and powerful. For instance, I personally quite dislike our new AI ruling class. But unfortunately, in India there was an attitude since independence that it is impossible to generate wealth in a legitimate manner. Which is going way too far! And has predictably bad outcomes for the country.

bell-cot • yesterday at 1:13 PM

> It baffles me that...

While the https://en.wikipedia.org/wiki/East_India_Company was, as a broad generality, not nearly so vile as (say) the https://en.wikipedia.org/wiki/Spanish_colonization_of_the_Am..., it certainly didn't leave many Indians with a favorable impression of European-style capitalism.

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collabs • yesterday at 1:17 PM

> It baffles me that country still has strong anti-capitalist views.

I wouldn't call the "license raj" of India as anti-capitalist. India arguably has the strongest of institutions of all the countries in South Asia. However, even its institutions and regulations are pathetically weak.

https://en.wikipedia.org/wiki/Bhopal_disaster

You probably also saw a previous post right here on this orange website when someone tried to repatriate their business money outside of India. It was painful just to read that they had to get approvals from iirc sixteen different government agencies to get their own money that they brought in from outside of India back. Not profits, not proceeds, a fraction of what they put in.

Neither of these two cases is due to "anti-capitalist" views of India. If you look at what was India before Moghul rule and British rule, you could argue India has never been socialist before.

I think workers everywhere should have "strong anti-capitalist views", because unrestrained capitalism is just anarchy.

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