Wednesday, August 5, 2009

Sambhog is a theory of free market economics which never applies to SOCIALISM

Reading modern history of economics is like having long chat with my girlfriend in villages where there is no road, electricity, television, telephone, mobile, newspaper etc. But MY THOUGHT GOES TO HER LOVABLE HEART!

What is globalisation? If anything changed on the present phase of globalisation it is this that Sowell emphases in his book The Applied Economics chapter Labour. Precisely Sowell argues that if anything changed like revolution it is the labour choice to work in traditional profession or the modern free market creations of millions of new professions which unfold even now may be forever.

Aakar Patel had a column in mint which track quite exactingly the love of labour and gains out of it.

He writes:

  • “Jobs are opening up to millions of young people across India who are leaving traditional professions, or farming, and becoming office workers. They are equipped for this work because they have learnt English, a new language: Most of them are the first speakers of it in their families. When they come to the office, they are trained to execute tasks; they are instructed to improve themselves through the process of evaluation. There are seniors, and managers, in the office who have done the work before and tell them how to be more effective.
  • They become individuals in the Western sense; they are judged by what they do and not who they are, as their fathers would be in their communities.
  • They encounter office hierarchy and Indians instinctively know how to address someone above their station, and below.”

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