Thanks to reader Habc, I am posting this article. "I am surprised that Indians have topped the Forbes' list of Asian billionaires," Chen Yu, a media consultant said.
Malik is right however, specially about education. I have long felt that Milton Friedman's School Voucher System is the best remedy for primary education in India. If you get organizations competing for the government's outlay in education based on a free market model, rather than just handing out more money to absentee government-school teachers, literacy and math skills rates in India would skyrocket in a single generation
I like the Pioneer and agree with them almost all the time,but I think they have got it wrong this time. India will not become like a Latin American country. The difference: the billionaires in India have become billionaires by investing and generating capital in India. That means for every billionaire in India, we can expect tens of thousands of new jobs created. In Latin America however the rich folks have made money in investing abroad and most of their capital is in foreign markets. And lastly the World Bank is least credible body as far as economics is concerned. Counties following IMF and WB diktats have only ended in disaster. However I do agree with Ashok Malik on improving education in India.
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Ashok Malik on what the Forbes list and Indian billionaires actually means
http://www.dailypioneer.com/columnist1.asp?main_variable=Columnist&file_name=ashok%2Fashok65%2Etxt&writer=ashok
Given the fact the the Chinese was surprised and pretended to be 'astonished' - was he flattering only to deceive? The Hans are after all great players of the art of 'taqiyah'
Malik is right however, specially about education. I have long felt that Milton Friedman's School Voucher System is the best remedy for primary education in India. If you get organizations competing for the government's outlay in education based on a free market model, rather than just handing out more money to absentee government-school teachers, literacy and math skills rates in India would skyrocket in a single generation
I like the Pioneer and agree with them almost all the time,but I think they have got it wrong this time. India will not become like a Latin American country. The difference: the billionaires in India have become billionaires by investing and generating capital in India. That means for every billionaire in India, we can expect tens of thousands of new jobs created. In Latin America however the rich folks have made money in investing abroad and most of their capital is in foreign markets. And lastly the World Bank is least credible body as far as economics is concerned. Counties following IMF and WB diktats have only ended in disaster.
However I do agree with Ashok Malik on improving education in India.
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