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© 2012 Sanjeev Sabhlok's revolutionary blog
One of the most absurd (it is not even imaginable) arguments against FDI is that just like Jahangir gave the British permission to set up a trading unit in India which apparently led (directly!) to the conquest of India, so also allowing Walmart to come to India to compete with existing Indian traders will mean that Walmart will take over India.
The reasoning goes thus.
1. First Walmart will set up a shop.
2. Then Walmart will set up a town called Walmart Nagar.
3. Then Walmart will set up Walmart East India Company and build a fort around Walmart Nagar.
4. Then Walmart will take over India.
… Easy.
I'm amazed. How easy it is to conquer India! Why in heaven's name do Indian taxpayers pay for an army, navy and air force? I wonder.
This perspective, by the way, comes from a retired armed services officer (Cdr. B.B. Khilari) on Twitter.
I fully understand that Indians don't understand economics. It is too hard for them. Too counter-intuitive. It hurts their brain to read difficult English books like Adam Smith's Wealth of Nations. For 235 years they couldn't figure out how to read it. From the back, middle or front? Which section provides the kunji to exam questions?
And their own Arthashastra is too hard as well because Kautilya foolishly decided to write it in Sanskrit. He should have (at least) made a Youtube video. Or TV serial. Therefore, only Sanskrit scholars are able to read it. But to them what it says means nothing (I'm talking about "Hindutva" leaders). They use it, therefore, as mantras to chant while offering vibhuti to the fire. Mumble jumble. Blah Blah.
But that senior armed force officials don't even know and understand history? That they can't distinguish the circumstances of 1612 from those of 2012? How can I explain this?
What explains Modi's "WORSHIP" of arms on the one hand, and his TOTAL cowardice in facing COMMERCIAL competition from Walmart, on the other? I've depicted this puzzle below.
Could anyone explain this to me, please? How is it possible that if an Indian consumer VOLUNTARILY buys something from Walmart, India will become a territory of the Walmart East India Company (which presumably is – secretly – a subsidiary of USA?)?
What's the precise pathway to this dangerous outcome – the loss of Indian sovereignty? Are we expecting Walmart CEO to establish an army? Will he secretly brainwash the checkout counter clerks? Do we know that this is his plan?
I never heard of it before. What have I missed?
Did Julian Assange leak this plan to Modi?
From the Ecuador embassy in London? Where are the plans!! Give me! Let me read them.
What should I do?!
Laugh?
Weep?
Mourn?
Go nuts?
The coward Modi – a king in his backyard
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Hindutva “braves” (Modi) and Indian armed forces scared witless by Walmart? http://t.co/r33SV4oY #currentaffairs
Hindutva “braves” (Modi) and Indian armed forces scared witless by Walmart? http://t.co/P0n5m557
@JaspalBhatti69 Jaspal, let the country be free, please! India got independence. Let it get freedom. See: http://t.co/OQ8JqoUw
Hi Sanjeev ,
Iam Not Against the Free Trade , BUT FDI in retail will benefit three groups..
1> the Government of USA
2> the Government of India
and
3> The walmart group of directors..
Anyone not in this club.. well there is nothing for you..
Sudeep
Sudeep, you are right. It will benefit the government of India which will be able to earn more revenues (taxes). It will benefit government of India which will have richer consumers and richer population. These richer people will be more productive. It will benefit GOI which will have to import less food since less of the food produced in India will be wasted.
I’m happy for GOI to benefit.
But it all starts by benefiting CONSUMERS: you and I.
Let the fool Modi not block the prosperity of the people of India.
s
Hi Sanjeev
You are Again Missing many Points ,
As here in Many Economist in India not Against free trade , They are Against the Current Economic Policy and market Policy , You are allowing Foreign Business man to come and Invest their Huge Money in the Indian Market , and you are providing every possible benefits to them , and then you are telling our people that there will be a Fair competition , how come its possible ???
Here is India to start a Business there is lots of obstacles , you are not regulated any of these , still govt Holds the Price control , Still govt holds the rights to manipulate every economic policy , Still Govt can come under the influence of Wall mart and other companies director and make policy according to them ( This is What happening in India , Reliance , Infosys are doing the same , they are not allowing any one to make business in India ) , Still Indian Manufacturer cant sold their goods out of their Area
You are not regulated any of the above , But allowing FDI in the name of Free Trade , How can it will be a Fair Competition , Let govt Take their hands from People Econmoics .. lets market Decide everything , then it will be a Fair competition , Then Free trade is have the real Meaning
Without doing anything , if you keep tell Free Trade will Help , Practically Very Difficult to Believe
Sudeep
Where did I say that FDI is a “great” reform? It is a trivial, elementary reform. India needs 99% more reform. Please read BFN.
The worst article..i read it ever…no stats no research..only an anti Modi views…do some work…you are not that much bad writer..and yes try to write/Express your views in an unbiased way…dont act like a agent…
Disclaimer: I am a common man, dont have any fascination for any political party…
This was a borderline comment without any value add. I’ve allowed it in order to ask the commentator (Anil) a question: what data do you need to prove that Modi opposes FDI in retail? Isn’t that in a newspaper report? What other proof of his cowardice do you want?
s