Tuesday, August 21, 2012

Capitalism in India

Madly rushing political analysts writes:
  • The spirit of Jawaharlal Nehru, to some extent, endures. He wrote nearly seven decades ago: “It would be absurd to say that the profit motive does not appeal to the average Indian, but it is nevertheless true that there is no such admiration for it in India as there is in the west. The possessor of money may be envied but he is not particularly respected or admired. Respect and admiration still go ... to those who sacrifice themselves ... for the public good.” Doubts about the profit motive are lower today, but they have not vanished. India is embracing capitalism by stealth.

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