Comments by "Sankalp" (@sankalp6872) on "Reality of China’s stalling economy through its data clampdown u0026 why strongmen regimes hide data" video.

India's politics is the GRAVEYARD OF GROWTH. We cannot get a growth concoction with SOCIALISM as our main ingredient. All Govt whether BJP or INC or AAP or any of the regionals ONLY have ONE TEMPLATE - MAKE PEOPLE MORE DEPENDENT ON GOVT. An indebted voter is the most LOYAL voter. As long as some freebies go out, it is "Sab Changa see" (applies to all parties).
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@pardeeptandon Totally incorrect assessment. Deng Xiaoping is credited with transforming China from a poor agragarian society into an industrial powerhouse. The black and white cat proverb that you quoted is in fact a reference to China's dumping of Marxism for Marketism. The AAPs only industrial move was its disastrous LIQUOR POLICY. No doubt AAP has created a well structured education model but we simply do not have the opportunities to extract maximum mileage out of them. In India large scale industrialization is not possible. We simply do not have the necessary wherewithal or political accumen to carry out land reforms.
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A NOTABLE omission is the stalling of the ambitious BELT & ROAD initiative. Power is RELATIVE and measuring it in ABSOLUTE terms could be folly. As much as we would like to rejoice China's fall, we must be REALISTIC. The Chinese are ahead of us in the economic pecking order. India's problem is our love for SOCIALISM, We cannot get a GROWTH concoction with SOCIALISM as our main ingredient. All Govt whether BJP or INC or AAP or any of the regionals ONLY have ONE TEMPLATE - MAKE PEOPLE MORE DEPENDENT ON GOVT. An indebted voter is the most LOYAL voter.
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@duckpotat9818 You are so so WRONG. China started out as a COMMUNIST country which it abandoned for COMMAND CAPITALISM. It's an effective model that puts profits above people and has created a class wealthy political elite. This system works because nobody dares to "audit" failures which is not possible in a democracy. Socialism as defined in our constitution is EQUAL DISTRIBUTION OF WEALTH. The Govt has been terrible at distributor and the system has only benefitted the DISHONEST rich. Most PSUs are loss makers. Many need fresh infusion of equity every year. BSNL recently got 1.64 lakh crores. The company hasn't made profit in past many years. This is the state of affairs of most of our PSUs. All rational valuations are driven by company earnings. Next criteria is market share. PSUs neither have earnings nor market share just liabilities. Even their growth prospects are terrible. Hence, getting a positive valuation itself is a big feet for many PSUs.
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