In the long run India will be the number two global power.
I agree (long run being the key qualifier here, given all value under capitalism is labour and India’s population size will therefore not be the limiter). Just wished they didn’t repeatedly engage in continous domestic mass social murder.
Indeed. And bad governance is not just a humanitarian problem, it actively hampers development. Many of the economic resources that could go toward China-style development are instead squandered, siphoned off by oligarchs and foreign capital. Ethno-religious tensions and nationalist demagoguery are used to distract the population. It’s the same trick that any sleight of hand magician uses: keep the attention of the audience focused on one hand while the other steals your wallet.
We have to remember becoming number 2 for a population the size of India ain’t that big a feat. US annual GDP= 30 trill. India = 20 trill adjusted for ppp. Per capita for india is about 3k; is it unfathomable for it to jump to 4.5 - 6k per capita ? I don’t think it requires that much of a leap; just the West to “fail”. India could do it really inefficiently, as it is presently doing, and still reach there.
I think it is a failure of capitalism that India isn’t already at number 2. This is what happens when you don’t have imperialism to subsidise your GDP.
I agree (long run being the key qualifier here, given all value under capitalism is labour and India’s population size will therefore not be the limiter). Just wished they didn’t repeatedly engage in continous domestic mass social murder.
Indeed. And bad governance is not just a humanitarian problem, it actively hampers development. Many of the economic resources that could go toward China-style development are instead squandered, siphoned off by oligarchs and foreign capital. Ethno-religious tensions and nationalist demagoguery are used to distract the population. It’s the same trick that any sleight of hand magician uses: keep the attention of the audience focused on one hand while the other steals your wallet.
We have to remember becoming number 2 for a population the size of India ain’t that big a feat. US annual GDP= 30 trill. India = 20 trill adjusted for ppp. Per capita for india is about 3k; is it unfathomable for it to jump to 4.5 - 6k per capita ? I don’t think it requires that much of a leap; just the West to “fail”. India could do it really inefficiently, as it is presently doing, and still reach there.
I think it is a failure of capitalism that India isn’t already at number 2. This is what happens when you don’t have imperialism to subsidise your GDP.
Agreed.