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Dear ck.kislay,
You are subscribed to the thread "Real Estate Bubble Set to Burst Again in India" by MANOJa, there have been 1 post(s) to this thread, the last poster was sapvin82.
https://www.indianrealestateforum.com/forum/city-forums/ncr-real-estate/gurgaon-real-estate/13876-real-estate-bubble-set-to-burst-again-in-india
These following posts were made to the thread:
https://www.indianrealestateforum.com/forum/city-forums/ncr-real-estate/gurgaon-real-estate/13876-real-estate-bubble-set-to-burst-again-in-india
Posted by: sapvin82
On: November 19 2017 01:19 AM
[QUOTE=humblefool;n2566162][QUOTE=sapvin82;n2566140][QUOTE=Bharatiya;n2564763][QUOTE=TruthSeeker1;n2564757] russia already defaulted that is why its has low debt and you cite it to prove debt does notmatter.. ? default destroyed Russia... what remains its ruins its in rebuilding phase and high taxes and regulation still persist for its communist past... hence slow to low growth [/QUOTE] Debt did not destroy Russia. Russia destroyed itself due its economic Policies. Experts say it was rapid adoption of Capitalism. After the collapse of Soviet Union, Russian Govt was very eager to adopt "Capitalism". While that's not entirely wrong, they should've done it steadily. Instead the shock therapy destroyed Russian economy. Massive Privatization, Deregulation, shutting of State industry, liberalization of economy, lifting currency controls. It was like giving 10 doses of chemotherapy in single session. As a result, Russian economy failed. Production collapsed. Industry collapsed. Currency collapsed. Russian Ruble was massively devalued and hence they could not make payment on foreign Debt. That is the reason of Russia's default on foreign payments. Dear friend, you have this simplistic notion of blaming everything on Debt/Deficit etc. Real knowledge takes time and understanding and analysis. These simplistic notions of debt/deficit hysteria are just convenient choice to ignore the thorough understanding of underlying reality. And i never said Govt ALONE should invest in Research and Development. Whereas in western countries, Govt is a major driver of R&D, Private sector also contribute in this regard. As i said you are just trapped in ideologies and isms. Many developed countries do not subscribe to any -isms and ideologies. The leadership of many of these countries have become pragmatic. They are interested in action, implementation and results. If a particular economic sector is best served by Private interests, than Private corporations are promoted/supported to participate and run that particular sector. If a Particular sector is best served by Govt, than Govt actively participate and run that sector. Many economic interests are jointly pursued by Govt and private sector.[/QUOTE]For communists, it's always somebody else faults. Why you guys don't accept that after killing 10-20 millions people , destruction of trillions of wealth , communism has failed. Many developed nations you quote are in 20 trillion dollars worth of debt. LOL to you and your fellow communists. [/QUOTE]a. Communism is not a economic policy, its a economic process. b. You will be little surpised to learn, that US is a social democracy(Communism with democracy), this is the utopia the communists dream of. Lenin even wrote volumes about this. Social security, Freeway infrastructure, Dams, Airports, Direct democracy are all text book communism. c. You will be even more surprised to know building dams, railway networks, highways, airports and other national infrastructure is textbook communism. d. PF and national pension policies are a communist lucid dream like no other. e. Communism also includes running government schools, running IITs, it also includes running space programs like ISRO. Lastly in India communism == "Umbrella of things I hate". [/QUOTE]Building airports,roads,hospitals, railways are investments driven by capitalism. Communism is about subjugating people if they refuse or resist then kill . Millions in India, Cambodia, Russia, Europe have been killed to satisfy communists. Even then they are not satisfied. How many more will you kill before the obvious that communism never works And it will never will. Finally why don't you move to Venezuela and tell us how good communism is.
With warm regards,
Team IREF
With warm regards,
Team IREF
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