I would agree about India, however China (as far as I am concerned) merely tolerates market forces because it serves the state (keep in mind that fascism is just a little to the right of communism - and treats private property as a joke). Remember the PLA has its fingers in every pie.
India’s political system - in the long term, and the direction it is currently heading - would be more conducive to economic growth by its own entepreneurs. I have seen some of the new control systems products coming out of India - homegrown, original stuff, and the company owners are very hungry. These are the people who will break the stereotype of outsourced cookie cutter tech support.
And this great country is going backwards.
Good analysis, but a tad fatalistic IMO. While Obama, the Pelosi Dems, the Reid Dems, the bureaucracy, the unions, and the MSM want to take the US in the wrong direction, the American people have not really spoken. In the last election, they were largely deceived, asleep, and not presented with much in the way of alternatives (though today the distance between the alternative of a McCain represents a vast gulf).
While Obama is trying to wreck the nation at unprecedented speed (taking actions that are likely unconstitutional), I’m unsure he can drive his energy tax and socialized medicine through the Senate, even with Al-Minnesota-is-too-stupid-for-the-franchise-Franken. The 2010 mid-terms will be telling. Until then, I’m not willing to proclaim the direction of the country.