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Articles: TP Features | | gaNapatiki bahiraMgalEkha | |
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Mr. Krishna Murthy,
Sir,
Walmart is known in the US for ruthlessly driving out its competitors in small-town America by undercutting rivals until they go bust. Textbook economics will tell you that once a large company eliminates competitors, it will raise prices and earn monopoly profit - that, in turn, will bring new competitors which would again lower prices. Instead, Wal-Mart continues to slash prices even after vanquishing rivals as if it were a neurotic condition, It also means that if you are Wal-Mart's supplier, you are squeezed hard.
That single-minded devotion has sent many businesses into bankruptcy, and it provides no space for its competitors to pause and breathe. (According to one academic study, 25 of 29 recent retail bankruptcies can be linked to the arrival of Wal-Mart in a new area).
Walmart sources the products where ever it gets them cheaply. Generally China produces goods cheaply for the world. Then there is every chance that Walmart procures most of the products from China. Our products can not compete with the gleaming products of China. (Don’t think that China produces only poor quality products, it is capable of producing good quality products also. America imports most of them). So, as a result many of our industries will be closed down.
The Indian retailers can not compete with Walmart, because they are not capable of getting products directly from the manufacturers in China. The wholesalers in China, the exporters in China, the importers in India, and the wholesalers in India would have some profit before selling them to the retailers in India, whereas Walmart is capable of purchasing the products directly from the Chinese manufacturers.
Regarding the employment, Walmart would not import employees from other countries but the employment generated would be minimal when compared to the
loss of jobs.
I don’t understand why you think otherwise.
Posted by: Mr. sree krishna koppuravuri At: 15, Sep 2006 4:41:07 PM IST
kshaminchaali uppala gaaru !
asalu ee vyaasamloa aevainaa intelluctual touch undaa ? aedoa gaNapatini chaalenj chaesaananae aatma tRupti tappa.
machchuku - manushyula madhya taaratamyaalu prakRuti sahajam anTaaru meeru. ee sTaeTmenT ichchae mundu kaneesa adhyayanam chaesaaraa ?
kshaminchanDi....
ee laekhanu ikkaDa poasT chaesae badulu direct gaa gaNapatikae post chaesi unDaalsindi.
Posted by: Mr. Aandhrudu At: 12, Sep 2006 10:52:58 AM IST
Dear Madhusudan Reddy,
You said that the five year plans benefited urban Indians at the expense of rural Indians, but as far as I know, the urban Indians gained more after the introduction of economic reforms or globalization.
About 25 years back there was not much difference in standard of living between a farmer and a government employee. The only difference is that an employee has to shift from one place to another place every 3 years. But the situation has changed now. Now a days a farmer is in distressed condition. No educated father of a girl would like to give his daughter to a farmer bridegroom.
Today the agriculture is in doldrums after signing the “Dunkel Treaty”. America forced us to sign the “Dunkel Treaty”. Now due to imports, our farmers are not getting remunerative prices. Actually America gains nothing economically by destabilizing the Indian agriculture, but it continues to do so. As a result 80% of people who depend on agriculture in India are in acute distress. Now many farmers are in debt-traps. Thousands of farmers are committing suicides and some are landing in Mumbai for work as coolies leaving their elders to their fate. In Mumbai, they live on footpaths as it is very difficult to get shelter. They open their trunk boxes in night on the footpaths. They take bath on footpaths, cook their food on it, and sleep on it. By morning they again pack their belongings in the trunk boxes and keep it somewhere. Such are the hardships of people now a days. Do you still think that it is unnecessary to blame the Americans who affected the lives of 80% of Indians?
Posted by: Mr. sree krishna koppuravuri At: 8, Sep 2006 11:07:46 AM IST
Dear Madhusudan Reddy,
I have read your comments dt: 05.09.06 and noted the contents. I also agree with you that the extremists in the jungles should stop the violence.
I can understand your anguish regarding the brain drain and I also feel that it is a great loss to India.
The developmental process is generally entrusted to the politicians. If we give Rs: 100/- to a politician, only Rs: 10/- reaches the beneficiary. They not only spend the money in an irresponsible manner, but also take loans from outside. These interest amounts are recouped in the name of more taxes.
At last the Indian farmers came to know what is meant by globalization. It is a fight between a 10,000-acre well subsidized American farmer and a 4-acre Indian farmer who is suffering from adulterated seeds, fertilizers, irregular electricity supply, un remunerative markets etc. It is more like a “Jungle Law”. The govt. looks the fight like a referee. But how far it is fair to ask the under privileged to participate in the fight.
Generally we call the Naxalites as extremists, but what about the strong supporters of predatory globalization or free market. A 4-acre Indian farmer has to compete with a 10,000-acre well subsidized American farmer. Is it not extremism? What about the politicians who spend 90% of the funds in a wasteful manner and deliver 10% results. Are they not extremists?
Posted by: Mr. sree krishna koppuravuri At: 8, Sep 2006 10:36:02 AM IST
Dear Mr. Koppuravuri,
I support Mr. Narsimham Uppala appeal to Extreamist leaders to stop voilence and fight for social justice through democratic process. I don't think our economy did well under socialist policies and millions of Indians left India for work and succeeding outside. Russia may be bad today, but 10 years down the road it will be one of the strong economies of Europe.
Ireland is a small country like Singapore and both countries doing exceptionally well. India's Five-year plans were intentionally focused to benefit urban Indians at the expense of 80% Rural Indians. India spent so much money on IIT and according to a recent report 40,000 IIT graduates are working in USA. If you read some of the articles in this forum, some lefitists oppose and blame USA for everything. I said China is prospering and they have learned to balance their trade with USA. Overseas Chinees investing 50 to 60 Billion US Dollars every year, where as overseas Indian investing 2 to 4 Billion. Why? Because there is so much corruptuon and no checks and balances in Indian political system. I am saying this first hand after investing $50,000 in India. India needs lots of investment and technology to advance the Indian society. It is time for educated Indians to come forward and ask for reforms so that Politicans and Bureaucrats can't loot and deprive the progress, and I might add our Young people don't have to live in jungles and die like flies.
PS: Communists never wanted progress. They know if people become prosperous, they will become Capitlists like Telugu Desam party.
Posted by: Mr. M kakulavaram At: 5, Sep 2006 2:54:08 AM IST
Can anybody tell me, how many Communist Parties are there in India? I am unable to count. Please Help me.
2. If Walmart comes to India, What? all shopkeepers will be wiped out! Many retailshops will be closed? All the doors of employment are closed to the people to do any work???? What SriKrishna Garu, Do you mean to say that Walmart will import all the products and employees from America????
Posted by: Mr. Krishna Murthy N. At: 4, Sep 2006 9:51:04 PM IST
Dear Madhusudan Reddy,
I do not know why you are making hasty statements about communists? Let us consider what are the recent issues in the parliament and how communists reacted to the situation.
1)Bringing import tariffs on par with ASEAN countries.
2)FDI in retail business or inviting Wal Mart into our country.
1)Our tariffs are about 25% of the value of the goods imported, whereas Malaysia collects 6% on imports. India is eager to join the band of ASEAN, but exempted some goods like petroleum and vegetable oils from tariff cuts. India lowered it’s head with shame when a Malaysian minister questioned India’s act that how can India exempt tariff cuts to petroleum and vegetable oil imports which constitute about 74% value of imports and still expect to join in ASEAN. Then the question is if India cuts import tariffs, then our vegetable oil imports will increase tremendously and as a result our oil seed growers will be in doldrums. Our farmers are already in a distressed condition because of signing of Dunkel Treaty of WTO. With this act of reducing tariffs on par with ASEAN, our oil seed farmers get still less prices or wiped out of their farming.
2)Many people who did not have any jobs created their own employment by starting petty retail shops. About 5 crores of people in India depend on this trade. So, India is called a nation of “Shop Keepers”. If Wal Marts comes into our country, many of these shops will be wiped out, because it has such a clout on manufacturers to get the goods cheaply. There would be more unemployment in future if many of the retail shops are closed. If all the doors of employment are closed to the people to do any work, then what happens? They will have no other option except “looting”. That is what exactly happened after “Katrina” in the U.S.A.
The communists opposed both the issues and did a good job to the people of India. If there are no communists in India, our politicians would have pledged “India” by this time to World Bank.
Posted by: Mr. sree krishna koppuravuri At: 4, Sep 2006 11:22:24 AM IST
Dear Madhusudan Reddy,
I did not understand why you are comparing India with China. If we consider world as a classroom, Ireland gets 100 marks where as India gets 2 marks and China 2.5 marks. Suppose in a classroom if you are getting 2/100 marks would the class teacher ask you to follow the person who gets 2.5/100 marks or emulate the person who gets 100/100 marks? The teacher would ask you to get at least 30% i.e. pass marks. I fail to understand why you are suggesting India to follow China which has only marginal superiority. I would be happy if you had suggested us to follow Ireland.
Posted by: Mr. sree krishna koppuravuri At: 4, Sep 2006 11:16:55 AM IST
Dear Madhusudan Reddy,
What happened after Russia embraced capitalism? – it became poor now? Now the Russians feel that they were better in communism.
All the rules of free trade are experimented in the backyard countries of America first. Now all the backyard countries are leaning towards left. Are you still supporting the right? Are you trying to teach us a failure concept? American-mark capitalism is predatory in nature. Michelle Bachelet, Hugo Chavez, Tabare Vazquez Evo Morales, Luiz Inacio Lula Da Silva and Nestor Kirchner are carrying out some heavy digging in the Americas favourite backyard with varying success, re-laying the landscape of the region; political, economic and social.
Posted by: Mr. sree krishna koppuravuri At: 4, Sep 2006 11:12:16 AM IST
All I can say is 'Excellent!'
Posted by: Malakpet Rowdy At: 2, Sep 2006 10:16:13 PM IST
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