Economic centre of gravity shifting t...

Economic centre of gravity shifting to Asia: Mukesh Ambani

There are 10 comments on the www.prokerala.com story from Mar 29, 2010, titled Economic centre of gravity shifting to Asia: Mukesh Ambani. In it, www.prokerala.com reports that:

The economic centre of gravity is slowly shifting to Asia and the 21st century is poised to become an Indian century, Reliance Industries chairman Mukesh Ambani said Monday.

Prokerala National News

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levelheaded

Honolulu, HI

#1 Mar 30, 2010
Economic centre of gravity is shifting to Asia? Yes, but only if we can avoid wars.

Both my parents are Indian and Hindu; I'm an evolutionist.

Pakistan and India can't afford a war? Yes. Pakistan-India war will be mutually destructive. After both Pakistan and India destroy themselves, China will rise as a major power and assert herself as a major regional power. China will win a Pakistan-India war without firing a single shot. A war between Pakistan and India will be welcomed by China.

China and India can't afford a war? Yes. China-India war will be mutually destructive. After both China and India destroy themselves, Pakistan will rise as a major power and assert herself as a major regional power. Pakistan will win a China-India war without firing a single shot.

China and India can't afford a war? Yes. China-India war will be mutually destructive. After both China and India destroy themselves, Russia will rise as a major power and assert herself as a major regional power. Russia will win a China-India war without firing a single shot. A war between China and India will be welcomed by Russia, all the White people, and all the Christian peoples of the world. The winner of a China-India war will be Russia, USA, and the White people, the Christian world, and the Muslim world.

Russia and China can't afford a war? Yes. Russia-China war will be mutually destructive. After both Russia and China destroy themselves, India and USA will rise as a major power and assert themselves as a major regional power. USA and India will win a Russia-China war without firing a single shot. A war between Russia and China will be welcomed by USA and India. A war between Russia and China will be welcomed by the rest of the world.

It is better for China and India to find ways to co-exist so that we can perpetuate the Hindu-Buddhist-Taoist philosophy. It is better that both China and India engage in friendly competition at the economic level and at the same time not go to war. It is better that the whole world engage in friendly competiton at the economic level and yet not go to war.








levelheaded

Honolulu, HI

#2 Mar 30, 2010
India's economy can do even better if she reforms the Industrial Disputes Act(IDA) to attract investors. It would be unwise to invest in a nation with IDA. Do you know that the IDA of India forces employers to keep employees on the payroll even if the private company is a loss-maker: the IDA prevents employers from firing employees. If you divide the world into nations with IDA and nations without IDA, then India is a nation with the notorious IDA. For detailed explanation, please read below.


I wish to discuss the rights of the unemployed Indians in general, and also the unemployed female Indians in particular. India is shifting to manufacturing from agriculture. The electronics production line is a good place for women to work. All over the world, electronics assembly line work is just repetitive work, mostly done by females. It is easy work because it is repetitive work; and also very important work. Women can easily be trained to do repetitive work. You do not need a college education to do electronics assembly line work. Civil engineering construction work will employ mostly males and will not benefit females; and electronics production line work will employ mostly females, and will not benefit males. The IT sector is dominated by college and university educated persons. Every sector is different.

I am now discussing females. I am now discussing unskilled females. Electronics production assembly line work is labor intensive. This is the area where unskilled Indian females will be in high demand. But in the electronics manufacturing sector even unskilled labor can be easily trained and employed. It is just repetitive work, and yet very important work, in the electronics production line. Even an ex-farmer who can barely read and write can be easily trained to do repetitive work along the assembly line. The so called slumdogs of India can help to assemble electronics parts along the production line. India has an ample supply of unskilled labor. My heart is with the majority unskilled people of India, not the minority college and university educated Indians. This issue is about the EMPLOYED VS. UNEMPLOYED. This issue is about the Trade Unions vs. the unemployed. My heart is with the unemployed. My heart is with the unskilled. The Trade Unions of India are fascists. India's poverty is indeed self-induced. India's poverty is Trade Union induced. As a general rule the Trade Unions of India are fully supportive of the Industrial Disputes Act (IDA). It is the IDA and the Trade Unions of India that have kept Indian females in poverty. We don't want any fascists in India. We don't want any fascist Trade Unions in India.

Yes, there is plenty of civil engineering construction work going on, but they employ mostly males and so do not benefit females. If you are female, your target area would be electronics production line. Please read on and you will understand.
levelheaded

Honolulu, HI

#3 Mar 30, 2010
We have to divide the world into nations that have IDA and nations without the IDA. India's poverty is self-induced. India's poverty is Trade Union induced. India's poverty is IDA induces. If you compare India and China, one major difference is the labor laws. Employers in China can hire and fire workers; in India employers can hire but cannot fire employees. If employers cannot fire employees, then employers will not be bold enough to hire either. This has caused poverty in India. For example, the electronics manufacturing sector is labor intensive but grossly under represented in India because employers are not bold enough to hire workers because the same employers are not allowed to downsize and fire surplus workers when sales are down. That is, when sales are up, employers are allowed to hire, but when sales are down the same employers are not allowed to downsize and fire surplus workers. So employers in India are not bold enough to hire workers; and this results in high unemployment and poverty. The Industrial Disputes Act of India disallows employers from firing employees. No employer in his right mind will hire workers inside India. Thus, India's poverty is self-induced. India is one of the few nations in the world where they systematically keep people in poverty. Many Indians are aware of this phenomenon, but nothing is done to change it: it is fascism, not socialism.

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As a general rule the Trade Unions of India are fully supportive of the Industrial Disputes Act (IDA). The IDA prevents workers from being fired. If employers cannot fire employees, then the same employers will not be bold enough to hire either. The Trade Unions of India have obtained job security and protected their self-interest and have kept the other unemployed Indians in poverty. This has nothing to do with socialism. The Trade Unions of India are fascists, not socialists. The Trade Unions of India are definitely well aware that the IDA protects their interests and keeps the unemployed in poverty. This issue is about the EMPLOYED VS. UNEMPLOYED. This issue is about the Trade Unions vs. the unemployed. As long as the Indians in poverty continue to tolerate the IDA, they will continue to live in poverty. The Indians living in poverty must rise up and demand the removal of the IDA.

In the IT sector, the demand is for college and university educated persons. But in the electronics manufacturing sector even unskilled labor can be easily trained and employed. It is just repetitive work, and yet very important work, in the electronics production line. Even an ex-farmer who can barely read and write can be easily trained to do repetitive work along the assembly line. The so called slumdogs of India can help to assemble electronics parts along the production line. India has an ample supply of unskilled labor. My heart is with the majority unskilled people of India, not the minority college and university educated Indians. This issue is about the EMPLOYED VS. UNEMPLOYED. My heart is with the unemployed. My heart is with the unskilled. The Trade Unions of India are fascists. India's poverty is indeed self-induced. India's poverty is Trade Union induced.
levelheaded

Honolulu, HI

#4 Mar 30, 2010
We have to divide the world into nations that have IDA and nations without the IDA. This issue is about the EMPLOYED VS. UNEMPLOYED. Of course, when a person is fired, it will cause hardship. That is life. But something will come up and he may be hired elsewhere. Everything has its advantages and disadvantages. Human beings are diverse. Sometimes a person may not be suitable to that particular work, but he may do better in some other work; and so it is better for him to quit and look for work elsewhere. This is a point to remember. Another point is that every work is a education in itself. If you have worked in different sectors in the economy like restaurant, taxi-driving, building construction, vegetable farming, etc, you learn more and become smarter; your mind becomes more 3 dimensional. Let us suppose you worked in vegetable farming, quit and then worked in a restaurant, and quit and then worked in building construction. The result will be that your mind would become more and more 3 dimensional. Employers like to hire workers who have experience, not those who have no experience. Those who have experience have already developed a work culture. Those who have no experience working, do not have a work culture; and will learn through trial and error. We need an India where people find it easier to leave one job and enter another job. Sometimes a person has to try at several jobs before he finds his niche in the market. The mobility of labor is an important component of economics. Thus, employers must be given the right to hire and fire.

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EMPLOYERS SHOULD HAVE THE RIGHT TO RETRENCH

This issue is about the EMPLOYED VS. UNEMPLOYED. The Industrial Disputes Act (India) is a government law which all states have to abide by. The Industrial Disputes Act of India disallows employers from firing employees. This is most unfair. Different states in India are at a different level of development. Therefore, what is considered as a fair law in one state would be considered as a unfair law in another state.

Thus, the solution is as follows. We have to decentralize the labor laws. The New Delhi government should push the responsibility (as regards to labor laws) to the individual states. Each state is at a different level of development. For example, Gujarat and West Bengal are different and may need different labor laws.

We should scrap the current Union Government Industrial Disputes Act and allow each state to make it's own labor laws. States that are ready for allowing employers to fire employees should make suitable laws. States that are not ready to allow employers to fire workers can make suitable laws for themselves. Decentralization of labor laws will be fair to all states in the Republic.

The solution is DECENTRALIZATION of labor laws.
levelheaded

Honolulu, HI

#5 Mar 30, 2010
EMPLOYERS SHOULD HAVE THE RIGHT TO RETRENCH

This issue is about the EMPLOYED VS. UNEMPLOYED. This issue is about the Trade Unions vs. the unemployed. Employers should have the right to retrench surplus workers in order to maintain a profit-margin and remain competitive. We do not want any monopolies in India. Apparently there are workers who are already employed, and these are called the "early birds". These "early birds" have found ways to keep their job security by preventing employers from firing redundant workers. When there is a surplus of workers, the surplus have to be retrenched. Employers should have the right to retrench. If employers are not allowed to fire workers, then he would be reluctant to hire new workers too. These "early birds" have become monopolists, whereby they have job security. The unemployed are prevented to enter the job market by the "early birds"; and so the unemployed do not have equal employment opportunity.

Does the employer have the right to fire workers in order to maintain a profit margin. Of course. Employers who are not allowed to fire, will not hire either. The Industrial Disputes Act prevents employers from firing surplus workers. When sales are up, employers are allowed to hire, but when sales are down the Industrial Disputes Act prevents employers from firing surplus workers.

I guess the unemployed and the youth who are still in school and colleges will be the most affected. If the so called "early birds" get the jobs (and job security), and find ways to keep other job seekers out, then the most affected would be the unemployed and the youth who are in schools and colleges.

Therefore, the people who should be most concerned about that should be the unemployed and the youth who are in schools and colleges. The people who should be supportive of the employer's right to hire and fire should be the unemployed and the youth who are in schools and colleges.

Thus, the next step would be to organize the unemployed and the youth who are in schools and colleges into a voting block and pressure the politicians to make reforms.

Also, there are people from the failing agricultural sector moving to the cities to look for work. These former agricultural workers too should favor the right of employer's to hire and fire.

The workers who are already employed try to prevent further employment by preventing employers from firing workers. If employers are prevented from firing redundant workers, then employers will not hire either. So, employment becomes the MONOPOLY OF A FEW who keep out the majority. Monopoly of a few is fascism, not socialism. The Trade Unions in India have evolved into fascists, not socialists. Thus, poverty in India is self-induced. India's poverty is Trade Union induced.
levelheaded

Honolulu, HI

#6 Mar 30, 2010
This issue is about the EMPLOYED VS. UNEMPLOYED. India is largely an agricultural nation. The agricultural sector is failing and is monsoon rain dependent. In addition, groundwater is depleting and some farmers have to dig deeper and deeper wells to reach water. There is a surplus of farmers in India. Some farmers commit suicide, and some farmers move to cities to seek employment. In the cities the farmers encounter other problems. In the cities the problem is the unfair labor laws, like the Industrial Disputes Act. There are notorious labor laws in India that do not allow employers to fire surplus workers. Employers who are not allowed to fire workers, will not hire either. If the employers do not hire, then where will the surplus farmers work? Do you want the farmers to commit suicide? It is better to allow the employers to fire workers so that they can be confident to hire too. Those who are not allowed to fire, will not hire either. The electronics manufacturing sector is labor intensive. The surplus agricultural sector workers can seek work in the labor intensive electronic manufacturing sector, but no employer in his right mind will hire if he is not allowed to fire in order to maintain a profit margin. Business cycles go up and down. When business cycles go down, then the employer has to downsize his work force in order to maintain a profit-margin. When the business cycle goes up, the employer has to quickly hire new workers. Decisions are profit driven. So the employer has to be given the freedom to hire and fire in order to maintain a profit-margin. This is better than allowing the farmers to commit suicide. The suicidal farmers can be employed in the labor intensive electronics manufacturing sector only if employers are given the freedom to hire and fire.

I shall be totally honest with you. In a free market economy, there will be periods of boom followed by bust; and then periods of boom which will be followed by another bust. There is nothing anybody can do to prevent the bust after the boom. Furthermore, it is almost impossible to predict the date of the bust. We have to learn to live with the free market economy. Despite this unpredictability, the free market economy is still the best option to pull millions out of poverty.

Actually, there are two kinds of people in this world who have suicidal tendencies. The Japanese and Indians. Both groups have a predisposition to suicide. Every year there are isolated cases of Indians and Japanese students who commit suicide when they fail in exams. Even Mahatma Gandhi tried to commit suicide by starving. Does this warrant labor law reform in India? I think so.

I think the farmers and students in India should threaten to commit suicide if there are no labor law reforms in India. I"m just joking. Please do not commit suicide.

Employers who are not allowed to fire employees, will not hire either.

http://www.youtube.com/watch ...

levelheaded

Honolulu, HI

#7 Mar 30, 2010
RIGHT TO RETRENCH.

This issue is about the EMPLOYED VS. UNEMPLOYED. This issue is about the Trade Unions vs. the unemployed. There is a difference between the younger generation of Indians and the older generation of Indians.

The older generation of Indians did not have much self-confidence and therefore rallied around politicians and treated them as demi-gods. The demi-god politicians, in turn, passed these "employers have no right to fire" laws. It was a symbiotic relationship. The politicians got their vote bank politics; and the older generation "early birds" got their job security.

However, today India has changed. The older generation are dying and are replaced by the younger generation. The younger generation are showing more SELF-CONFIDENCE. The younger generation have personal ambition. The younger generation are not like the older generation who were content at being employees with job security. The younger generation want to be employers, not just employees. The younger generation want to be employers with the right to hire and fire employees.

The younger generation need to pressure the politicians for reforms.

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RIGHT TO RETRENCH.

This issue is about the EMPLOYED VS. UNEMPLOYED. The task is to build support for the right of employers to hire and fire. Right to hire and fire: who will support this, or who should support this?

I say that the following people should support:

1)Students in schools and colleges.
2)Unemployed Indians.
3)Former agricultural sector workers who have moved to cities to look for work.(There is a surplus of farmers in India who depend on rain; some commit suicide, some move to city. See video below).
4)Retired people who want to be re-employed.
5)Unemployed Women (much of assembly line work in electronics manufacturing is done by women and so please include women in the vote bank. See video footage below)
6)The Hindutva/saffron brigade groups.(A few decades ago India's growth was demeaningly labelled as the Hindu rate of growth, and it was centered around the Industrial Disputes Act(IDA). We have to get rid of the IDA to regain our self-respect. We are not Hindu rate of growth people anymore. Gujarat has already proven that there is no such thing as Hindu rate of growth; it is time to reward Gujarat; and so we must allow Gujarat to make its own labor laws).

We need to fashion a vote bank. The above will be the vote bank. The above vote bank will pressure the politicians to make reforms so that employers will regain their right to hire and fire.

If you have another group to add to the above vote bank, please post it in the forum.

Employers who are not allowed to fire employees, will not hire either.



http://www.youtube.com/watch...

Below, I have included video footage about women in assembly line work.


Hair dryer production line in China.
http://www.youtube.com/watch...


The below video clip is in French which I do not understand. But I saw many Chinese women working.
http://www.youtube.com/watch...

Narayana Murthy: Right to retrench
http://churumuri.wordpress.com/2007/04/10/all...
levelheaded

Honolulu, HI

#8 Mar 30, 2010
RIGHT TO RETRENCH.

This issue is about the EMPLOYED VS. UNEMPLOYED. The employed do not want employers to have the right to retrench. But the unemployed want the employers to have the right to retrench. If employers are not allowed to retrench, then employers will not be bold enough to hire new workers either. If the employed have rights, then the unemployed should have rights too. The Factories Act, Companies Act, and the Industrial Disputes Act need reforms. The government advocates inclusive growth. Well, why don't they include the rights of unemployed in the growth. Trade Unions and socialism usually go together. But under the current system, the Trade Unions have obtained job security and have kept the unemployed in abject poverty. The workers who are already employed try to prevent further employment by preventing employers from firing workers. If employers are prevented from firing redundant workers, then employers will not hire either. So, employment becomes the MONOPOLY OF A FEW who keep out the majority. Monopoly of a few is fascism, not socialism. The Trade Unions in India have evolved into fascists, not socialists. Thus, poverty in India is self-induced.

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This issue is about the EMPLOYED VS. UNEMPLOYED. Diversity is the strength of India, not the weakness. For example, The Jains are well represented in the diamond market. The Christians have some of the better schools. The Sikhs are well represented as truck drivers and soldiers. Chennai may become the automobile manufacturing hub of India. Gujarat, as a state, has done well economically. This is the diversity of India; and the strength of India too. Unlike other states, Gujarat has reached a stage whereby she should be allowed to make her own labor laws. It would be unfair for the Union government to stifle the growth of Gujarat using the Industrial Dispute Act, which makes it difficult for employers to fire surplus workers. It is time for the Union government to allow Gujarat lawmakers to make their own labor laws based on their own realities.

We have to divide the world into nations that have Industrial Disputes Act and nations without the Industrial Disputes Act(IDA). One major difference between China and India is that in China and other nations, employers can fire surplus workers in order to continue to maintain a profit-margin. The whole of India may not be able to compete with China. But Gujarat may be able to compete with China. May the government of India give Gujarat the authority to make its own labor laws. May the government of India also wish Gujarat luck in its attempt to compete with China. Giving Gujarat greater control of her own labor laws should be India's gift to Gujarat. No self-respecting Indian should prevent Gujarat from competing with China. No self-respecting Indian should prevent Gujarat from having greater control over her own labor laws. The whole of India should gift to Gujarat the authority to make her own labor laws and ask her to go ahead and compete with China economically. A major difference between India and China is the labor laws. While in China employers can hire and fire workers; in India, employers can hire but will find it very hard to fire workers. Thus we have to use Gujarat to compete with China.
levelheaded

Honolulu, HI

#9 Mar 30, 2010
The Industrial Disputes Act(IDA) is most unfair. It prevents employers from downsizing the workforce. It prevents employers from firing workers in order to continue to maintain a profit-margin. Do you expect a company to continue to keep in its payroll workers when the company is no longer making profits? It is ridiculous. I am surprised that India's judicial system has not intervened and struck down that law because the IDA is most unjust. You simply cannot force a company to continue to keep in its payroll workers if the company is not making profits. Where is the Indian Judicial System? What is the Indian Judicial System doing. We need a judicial review of the IDA. If the Indian judicial system strikes down the IDA, then investor confidence will increase.

It does matter to investors how India's judicial system views the IDA. If employers are forced to keep on the payroll employees even if the employer does not make profits, then investors will distance themselves from India. There are other nations where investors can invest in besides India. In fact, many nations have invited Indian investor.

If a private company is not making profits, how can the company continue to be forced to keep employees on the payroll? It does matter to investors how the Indian judicial system views this.

Indians are noted for using socialism to destroy the Indian economy. Then, they would try to be the first in line to get a visa to go a capitalist nation to make a living. Indians must stop this habit because her poverty is self-induced. Why don't the Indians get rid of the socialism so that there would be increased competition at all levels.

The Indian people must not shy away from friendly competition. Competition strengthens you. Like everybody else Indians must also face competition, both foreign and domestic. Competition is permanent. Competition is universal. Competition is inevitable. There is only one economy in the world, the free market global economy. India is a part of the free market global economy.

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Fascism is unjust. There is no place for fascism in free-market economics. Just because the job market is bright does not justify fascism. If the right to hire and fire is achieved in India, the job market may even be brighter. I warn you. Fascism can never be justified. I am proud to say that (during the Second World War) India helped the British to destroy fascists like Adolf Hitler and Benito Mussolini. We did not kill fascists in Europe in order to tolerate them in India in year 2010. ALL FASCISTS WILL MEET THE SAME FATE AT THE RIGHT TIME. We will build up our strength and at the right time take the right decision and the fascists will vaporize. Guaranteed.

If employers are not allowed to retrench workers in order to downsize, then they would not be bold enough to invest and hire either. Those who do not support "right to hire and fire" are socialists and communist who have quietly and discretely transformed into self-serving fascists. These fascists are self-serving and are keeping millions of others in poverty. Death to fascism. This issue is about the employed vs. the unemployed. This issue is about the Trade Unions vs. the unemployed. The unemployed want equal opportunities. There are farmers who have committed suicide. I warn you. There is no place for fascists in India. The fascists in India who masquerade as unionists must make arrangements to relocate to the moon.
levelheaded

Honolulu, HI

#10 Mar 30, 2010
This brings us to the Indian investor. Undoubtedly, India's middle income group is growing. They have more disposable income today. Anybody who has studied economics will tell you that when there is an increase in disposable income, there would be an increase in savings and investments. And this brings us to the Indian investor. Why invest in India? India is a nation where employers are forced by the Industrial Disputes Act(IDA) to keep non-profit-making employees on the payroll, at all costs. There are only a little more than 1 billion Indians as against 6.5 billion on earth. There are many other nations outside India for the Indian investor to invest his hard earned money. There are many other nations without the notorious IDA. Think carefully if you are an Indian investor. Do you want to invest in a nation with the IDA or a nation without the IDA. Other nations continue to invite Indian investors. Other nations should invite Indian investors. It would be naive of other nations if they do not invite Indian investors. The Indian middle income group is increasing and other nations should note that and invite Indian investors to invest in nations without the IDA.

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And this brings us to the Indian females. The Indian females are the future mothers, India's prized possession, the darlings of India. I am male and I love my mother. I have a dream. There are some Indian females who make a living cleaning toilets, scavenging, and doing other back breaking work. This is my dream. I want the female darlings to work in electronics production line. I want them to sit on a chair and assemble electronics parts. If all the women work in electronics assembly lines, it will cause a shortage of toilet cleaners in India. If there is a shortage of toilet cleaners in India, then the wages for toilet cleaners and night soil carriers will skyrocket. Males can then move in and do janitorial work; and get paid well too. You have to create a shortage; then wages will increase. But there is a condition. Women must support the right of employers to hire and fire. If women support the right to hire and fire, then more corporations will set up electronics manufacturing plants in India. More electronics manufacturing plants in India will give the beloved Indian females more job options. The darlings of India deserve more options. The Industrial Disputes Act(IDA) prevents employers from firing employees; if employers are not allowed to fire, then they would be reluctant to hire too. I hope Indian females will support the right to hire and fire.

Furthermore, when there is a shortage of manpower, then MECHANIZATION can be introduced. But, firstly, there has to be a shortage of manpower. If most of the women work in electronics assembly lines, then there will be a shortage of manpower in other sectors. But there is a condition. Women must support the right of employers to hire and fire.

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