When Free Market is loved by Americans

On Wed, 20 Feb 2008, Father of Terry Lomax wrote:

> US was always the biggest shouters of free market economy.

US big business was the shouters. Indian business just loved it, and sent
lobbyists to push up h1b limits, throw parties for US congressment, and
underbid for the business and cheat their own people in the process. Now,
its L1, L2s that can come over without caps on numbers.

> As long as American corporations dump their industrial waste
> in other countries,

Actually very little of this is happening and probably the weight of the
flesh coming into the USA is greater than industrial waste.

as long as American corporations use
> third world countries as guinea pigs,

They are all getting paid more than if they were not guinea pigs but
ordinary pigs.

Americans are happy.
> After all they have their jobs

This has been in decline for at least two decades.

and their environment was
> clean.

And, all of our power plants are old and the ash 99% falls in the first
five miles. China has the same problem. India almost has no power plants,
so is clean, ans when the power plants they have go offline, there is no
dirt as well as no electricity.

> Time has changed. Third world countries like India and China
> now demand something in return if these corps want business
> in their country and make money.

India is, right now, in trade deficit with the world.
China is, right now, $ 1 Tril richer and has no complaint about how the US
bought all of its exports and thus helped it towards first world status.

> Back in mid 1960s, Indian Railways had talks with GM to
> manufacture diesel locomotives for Indian Railways. The
> other party in the race was ALCO. GM's design was superior
> to ALCO. However GM did not agree to transfer the technology
> to India as part of agreement. ALCO agreed and India started
> manufacturing ALCO based Diesel Engines. They even exported
> it to African and few Asian countries.

China wants to license technology too. I'll leave that to the parties
involved.

> Did GM anything wrong? Nah. They did what they felt was best
> for them.

Fine.

> Now forward to 1995. Indian Railways again floated a global
> tender for modern 3 phase diesel electric locos. This time
> not only GM agreed for technology transfer, but over a period
> of time, they got so impressed by Indian talent that they are now
> doing lot of R&D work in India (Bangalore).

All due to cheap Rupee.

Rumor is that they
> will slowly shutdown their railroad research division in USA
> and let India handle all that. Now India is one of their top
> talent country.

Thank the Reserve Bank of India for the business.

> So my dear fellow Americans. Stop whining about free market
> and accept that we can't demand everything in life as birthright.

How about Hindus who love their high caste priviledges?

>