Comments on: Capitalism: Couple of points http://www.coolshankin.com/blog/2007/12/31/capitalism-couple-of-points/ A cocktail of views, reviews and a few things more Wed, 10 Mar 2010 21:53:07 +0000 http://wordpress.org/?v=2.7 hourly 1 By: coolshankin http://www.coolshankin.com/blog/2007/12/31/capitalism-couple-of-points/comment-page-1/#comment-552 coolshankin Wed, 09 Jan 2008 03:56:31 +0000 http://coolshankin.gaddarinc.com/blog/?p=76#comment-552 @aswin yup .... govt shouldn;t interfere much @naresh nice point ... but if it is basic amenities, people are forced to buy it .... but then when i read "because i think this situation will go a full circle and come to a stablilized position", i figured... if prices rise, the industry (agricultural or otherwise) in villages will rise prices and things will still stabilize ... nice :) @aswin
yup …. govt shouldn;t interfere much
@naresh
nice point … but if it is basic amenities, people are forced to buy it …. but then when i read “because i think this situation will go a full circle and come to a stablilized position”, i figured… if prices rise, the industry (agricultural or otherwise) in villages will rise prices and things will still stabilize … nice :)

]]> By: Naresh http://www.coolshankin.com/blog/2007/12/31/capitalism-couple-of-points/comment-page-1/#comment-549 Naresh Sun, 06 Jan 2008 03:12:41 +0000 http://coolshankin.gaddarinc.com/blog/?p=76#comment-549 interesting... hmmm... I dont see a need for any major intervention by the govt other than some revenue taxes, because i think this situation will go a full circle and come to a stablilized position. something like - these big marts will take over and dominate the villages. More such competitors will show up... the pricing wars will keep a check. Or lets say there's only one biggun in the village. That will ruin the local economy as you claimed and the purchasing power of the people will go down. His profits will drop and he'll be forced to reduce prices. Or as someone pointed out, an uprising by the small traders can take care of the problem a la French Revolution. :-) interesting…
hmmm…
I dont see a need for any major intervention by the govt other than some revenue taxes, because i think this situation will go a full circle and come to a stablilized position.
something like - these big marts will take over and dominate the villages. More such competitors will show up… the pricing wars will keep a check.
Or lets say there’s only one biggun in the village. That will ruin the local economy as you claimed and the purchasing power of the people will go down. His profits will drop and he’ll be forced to reduce prices.
Or as someone pointed out, an uprising by the small traders can take care of the problem a la French Revolution. :-)

]]> By: Aswin http://www.coolshankin.com/blog/2007/12/31/capitalism-couple-of-points/comment-page-1/#comment-551 Aswin Wed, 02 Jan 2008 17:40:47 +0000 http://coolshankin.gaddarinc.com/blog/?p=76#comment-551 Hmm...I don't like the idea of government imposing itself on anything, to be honest, in any way. It is all very well to say that extreme capitalism is bad, but where does one draw the line for intervention. Also, all government intervention assumes two things: a)Good thinking b)Competent execution. Unfortunately, in a system made of human beings, neither of these can be guaranteed. After all, let us not forget that the sub-prime crisis earlier talked about was precipitated by intervention following a previous crisis (dot-com bust). This is why I completely support the market economy. As far as retail is concerned, I think I have made my points on the discussion you referred to and will desist from doing so again here. Hmm…I don’t like the idea of government imposing itself on anything, to be honest, in any way. It is all very well to say that extreme capitalism is bad, but where does one draw the line for intervention. Also, all government intervention assumes two things: a)Good thinking b)Competent execution.
Unfortunately, in a system made of human beings, neither of these can be guaranteed. After all, let us not forget that the sub-prime crisis earlier talked about was precipitated by intervention following a previous crisis (dot-com bust). This is why I completely support the market economy.

As far as retail is concerned, I think I have made my points on the discussion you referred to and will desist from doing so again here.

]]> By: Coolshankin http://www.coolshankin.com/blog/2007/12/31/capitalism-couple-of-points/comment-page-1/#comment-550 Coolshankin Tue, 01 Jan 2008 16:35:46 +0000 http://coolshankin.gaddarinc.com/blog/?p=76#comment-550 @pota: thanks! @deepak: unfortunately, that not the case in US .... only the big player rule the market .... but yeah .... capitalism is less of the two evils ..... i hate communism and socialism. @mahek: well ... i am not being specific about india ..... it is a problem in general for which i am curious to find a solution @pota: thanks!
@deepak: unfortunately, that not the case in US …. only the big player rule the market …. but yeah …. capitalism is less of the two evils ….. i hate communism and socialism.
@mahek: well … i am not being specific about india ….. it is a problem in general for which i am curious to find a solution

]]> By: mahek http://www.coolshankin.com/blog/2007/12/31/capitalism-couple-of-points/comment-page-1/#comment-553 mahek Tue, 01 Jan 2008 07:02:29 +0000 http://coolshankin.gaddarinc.com/blog/?p=76#comment-553 no need to worry abt any kind of retailers atleast for a decade since we have a healthy number of consumers... maybe after a decade we may see an uprising from small retailers who are at loss bcoz of shift in loyalty from small retailers to big ones in future... no need to worry abt any kind of retailers atleast for a decade since we have a healthy number of consumers… maybe after a decade we may see an uprising from small retailers who are at loss bcoz of shift in loyalty from small retailers to big ones in future…

]]> By: Deepak http://www.coolshankin.com/blog/2007/12/31/capitalism-couple-of-points/comment-page-1/#comment-547 Deepak Tue, 01 Jan 2008 04:15:26 +0000 http://coolshankin.gaddarinc.com/blog/?p=76#comment-547 Hi, First of all, happy new year to u. Nextly, in a free market system, survival of fittest is a given. Someone has to make way for others. In India, we saw the closure of several big but inefficient companies when licence raj was abolished. Coming to retail, studies done in many countries of the world have shown that mom-and-pop stores can survive along with big retailers. In China, after 10 years of 100% FDI in retail, organized retailers control only 10% of the retail market. In India, a study is being done to find out the impact of big retail on mom-and-pop stores. Small retailers do have their unique advantages, which would be honed to perfection when faced with competition. Some job loss would occur, but not so much as to create a social upheaval. Of course, too much of everything is bad, even capitalism (subprime crisis). But, capitalism is definitely the lesser evil compared to socialism or communism. The proof is the failure of socialism / communism everywhere in the world. Soviet Union disintegrated, East Germans crossed over to West Germany, Cubans still flee to US at the cost of their lives and so on... Hi,
First of all, happy new year to u.
Nextly, in a free market system, survival of fittest is a given. Someone has to make way for others. In India, we saw the closure of several big but inefficient companies when licence raj was abolished.
Coming to retail, studies done in many countries of the world have shown that mom-and-pop stores can survive along with big retailers. In China, after 10 years of 100% FDI in retail, organized retailers control only 10% of the retail market. In India, a study is being done to find out the impact of big retail on mom-and-pop stores. Small retailers do have their unique advantages, which would be honed to perfection when faced with competition. Some job loss would occur, but not so much as to create a social upheaval.
Of course, too much of everything is bad, even capitalism (subprime crisis). But, capitalism is definitely the lesser evil compared to socialism or communism. The proof is the failure of socialism / communism everywhere in the world. Soviet Union disintegrated, East Germans crossed over to West Germany, Cubans still flee to US at the cost of their lives and so on…

]]> By: ptax http://www.coolshankin.com/blog/2007/12/31/capitalism-couple-of-points/comment-page-1/#comment-548 ptax Tue, 01 Jan 2008 01:27:37 +0000 http://coolshankin.gaddarinc.com/blog/?p=76#comment-548 happy new year and take it easy.... happy new year and take it easy….

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