tag:blogger.com,1999:blog-14756769.post7183083891067305017..comments2024-01-20T01:42:55.034+05:30Comments on kufr: indians do not qualifykuffirhttp://www.blogger.com/profile/12137701734913669203noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-14756769.post-80109545763563895832008-09-20T13:39:00.000+05:302008-09-20T13:39:00.000+05:30Here is a humorous post in Telugu about the effect...Here is a humorous post in Telugu about the effects in India:<BR/>http://devanahariprasadreddy.blogspot.com/gaddeswaruphttps://www.blogger.com/profile/16509075029154476375noreply@blogger.comtag:blogger.com,1999:blog-14756769.post-11669405629717255862008-09-20T10:06:00.000+05:302008-09-20T10:06:00.000+05:30Kuffir,My impression from 'fracturedearth'blog is ...Kuffir,<BR/>My impression from 'fracturedearth'blog is that some microfinance schemes were run in a similar fashion and thugs were employed to collect loans and there cases of suicides and prostitution resulting from this.<BR/><BR/>I also think that there is no point gloating about the American disaster. Firstly, even though Chidambaram thinks otherwise, it may still affect India (In australia my superannuation payments are affected). Secondly what applies in one country may not apply to another. Sweden had a similar crisis and they got over it. But Sweden is a social democracy and Americans may not go fully the Swedish way. Thirdly, dollar being a reserve currency, USA has special advantages which other countries do not have. My impressions is that Americans can survive this crisis if they change their attitudes a bit. <BR/><BR/>It is not very clear why others should care? In these days of globalization, I guess that everybody is affected to some extent or other. It seems that at the moment USA is managing on borrowed money from countries like China, Brazil, Russia and they may have some influence on what US does. I do not think that India is heavily involved but their service sector, getting capital for investments etc. may be affected. So, I do not think there is much to be cheerful about and there may be some lessons for all from this. India's problems may have more to do with over regulation and service delivery. But as you know, I am not an expert in these matters. Just trying to understand the trends.gaddeswaruphttps://www.blogger.com/profile/16509075029154476375noreply@blogger.comtag:blogger.com,1999:blog-14756769.post-44779521374633829522008-09-19T13:26:00.000+05:302008-09-19T13:26:00.000+05:30that is a misleading comparison kufr. even in the ...that is a misleading comparison kufr. even in the west, middle class, and lower middle class are asked for guarantees. try securing a loan to set up a business in the west.<BR/><BR/>you are right. the poor in india are institutionally discriminated as being unsafe investments. but the comparison with subprime lending is incorrect.<BR/><BR/>subprime lending IS an illustration of ontology of capital.Kishore Budha / किशोर बुधाhttps://www.blogger.com/profile/12859438423750651427noreply@blogger.com