> a federal system where capital enjoys unfettered mobility plus the
> capacity to bargain simultaneously with a number of state governments.
Unfettered mobility is certainly the neolib ideology, but in reality, even the most weightless, bodiless software firm depends on massive amounts of electricity, water, transport and telecom infrastructure, all underwritten by the power of the state. The deeper issue is that no country ever industrialized on the basis of a few high-profile, high-end service jobs, the kinds the CPIM promised would be created at Nandigram and Singur. You need a broad mixture of low and medium-tech industries to generate employment, cultivate worker skills, create a mass purchasing base, etc. You also need intelligent, pragmatic rural industrialization policies, the kind the regional authorities of China and Vietnam have been pursuing for 15-20 years.
-- DRR