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To: MimirsWell
"I won't be surprised if investors in the west finally decide that the risks of doing business in China far outweigh any benefits"

I don't know. Tata was run out of Singur. NIMBY?

yitbos

7 posted on 02/08/2009 1:37:39 AM PST by bruinbirdman ("Those who control language control minds.")
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To: bruinbirdman

Very good point raised. Let me respond to that:
1) Tata is an Indian company. With regards to the people’s reaction to less than transparent deals, there is no differentiation between Indian or non-Indian companies. If the Bhopal gas tragedy was caused by an Indian company instead of an American one, the reaction would have been the same, and the company would have been brought to its knees. Union Carbide on the other hand, got away quite lightly.

2) Singur is in West Bengal. A state that has continuously voted Communists to power for a good part of the last 3-4 decades. The Communists of the state tried to copy their Chinese comrades in the style with which they took away land from the owners and tried to hand it over to the Tatas - without sufficient compensation. The people protested and the Tatas were thrown out. The Tatas then went to Gujarat - which is by far the most capitalist and economically developed states in India - here the land was allotted in a clean manner and the Tatas are happy - shows the benefits of a business-friendly, yet clean and transparent system of governance. I wont be surprised if the communists get finally booted out of West Bengal this time around.


9 posted on 02/08/2009 2:02:34 AM PST by MimirsWell (Scipio Pakistanus)
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