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Re: [liberalization - dilution of power]



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I had sent a reply to this yesterday but there must be come problems with my
mailer.. and I don't also have a copy of the mail. 

Well the gist of the earlier mail was -- liberalization cannot grow beyond a
certain point without globalization because economic barriers are man made
while economics is fundamentally based on naturally occurring needs. 

But then, globalization does not automatically imply liberalization. And
liberalization+globalization does not automatically imply global free market.
This is due to the notion of currency exchange rates. Currency exchange rates
are based on a model of hierarchical markets that is now fast getting
obsolete. 

Will write more later... 
Srinath 


Vamsi Musunuru <vamsi@siliconcorp.com> wrote:
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Dharma Tejus wrote:

> Vamsi,
>
>    Perhaps that means we cannot have "complete liberalization" given the
> problems of globalization (which according to you go hand in hand with
> complete liberalization) that Srinath points out.
> Tejus
>

What you said doesn't jive with what I was saying.  I certainly wouldn't draw
the sort of conclusions above.

What I really meant was that liberalization will shift the power from the
corrupt and power-hungry to the citizenry and globalization (given a
competent
legislature in India) can also shift the power to India which is now
concentrated predominantly among industrialized nations.

What is not contemplated here are the benefits of liberalization - dilution
of
power from the power-hungry Socialists so that every man and woman can own
and
operate their own enterprise of their own choice.  Of course, this is a bit
difficult understand given one's orientation on individual freedoms.

Sincerely,
Vamsi M.




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