Capitalism At Its Best

While the world believes America to be the bastion of capitalism and that India is a new practitioner of capitalism, reality is quite different.

I thought I will take the time to explain how India has excelled in its practice of capitalism.

In India everything is available for a price. You can, of course, buy vegetables, phones, cars, planes.

A friend of mine, who is an engineer, once asked me, very seriously, if I knew of any Indian university where he could purchase an MBA degree for a few thousand dollars. He explained that he didn't have the time to attend the course since he had a full time job. And I am fairly sure there would be some colleges where you could purchase a degree.

Admission to medical, engineering courses can obviously be purchased. Government jobs can be purchased.

If you are arrested by police, you can buy your out of jail. If you want someone else arrested, you can buy the other person's way into jail. You can buy police commissioners, judges. 

You can buy a driver's license for a price. You can buy a permit to construct a 30 storied building where generally fewer floors are allowed by government ordinance.

You can even buy government policies for a price. You can get more details of a practitioner from the book mentioned in an earlier blog http://calmisc.blogspot.com/2010/12/the-polyester-prince-rise-of-dhirubhai.html. 

You can purchase telecom license worth about $5 billion cheaply for a billion dollars by paying a few hundred million to the right person. People like Radia (http://calmisc.blogspot.com/2017/07/it-poaches-from-it.html) act as a real life EBAY by getting the customers and buyers together. They create a market place which is essential in any capitalist society.

I am not able to think of anything which is not available to buy in India. Only thing is that the products and services are not advertised by the supplier. You need to know how to go about. People like Radia can guide you, for a price.

India is an advanced practitioner of capitalism. This is quite different from the bRand kind of capitalism espoused by Ayn.

A small glimpse into our marketplace: http://in.news.yahoo.com/2010--the-year-of-treasure-hunters-.html