In India this year we have had about $7-8 billion FDI but our private business has purchased oversees much more than that worth business. We are not in need of foreign aid in monetary terms and I do not know why we have to produce only to export , earn dollars only to finance the cost of acquisition of business abroad by our top business houses. It is as if they have no task within the country.
Unless we put in place governments who will be able to discipline and control the owners of capital we are in for a crisis if we are not already there. But for the present in all these countries Capital controls the political process also.
There is an ever expanding shit class which is content with what is happening. That is happening as though it is an invisible strategy by Capital. During the fifties we had followed a salary differential between the top and bottom of about 1:10 Today the salary in Industry is on world scale and social service jobs and government service is deprived of talent.
why ballet box does not work is a puzzle even in our(Indian) so called vibrant democracy where over 70% go to vote.
-- kalalepsarathy