Comments by "Arun Sar" (@arunsar7893) on "VisualEconomik EN" channel.

Pakistani trolls think that using Caps Lock makes a difference.
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Yup! .. It's all about the balance.
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@Otto-cz6by Take USA's Healthcare system, for example. The cost of basic healthcare needs in the US is appaling. It's not normal for people who may have seizure to wear signs which says "Don't call the Ambulance" cause they are scared that if they have a seizure in public, people might call an ambulance and they can't afford it. Other examples would be, of people at chicken farms who have to wear diapers cause they can't take a break if they l want to use the bathroom.
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@Otto-cz6by USA.
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"And opening up to capitalism has made India more attractive to foreign investors" - Investors, foreign or otherwise, invest cause they want to make money. Why would someone "invest" in something that doesn't make money. Btw, India still has a lot of socialistic policies. Socialism is great for redistribution of the wealth generated by Capitalism. Having lived in India which was deeply socialistic to what it is now. I think capitalist model does reduce poverty.
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@Otto-cz6by I wouldn't know. I haven't studied the US healthcare system. But I don't think the reason epipen costs $600 in the USA ist because the State Intervened too much. It's probably cause state didn't intervene enough. Cheap furniture sourced from China one can buy, but cheap medicine. No. Btw, the Housing Crisis also happened because of crazy capitalism. Now, I am sure that Govt. regulation since it's founding days of USA has increased. But the crisis happened cause it didn't increase enough.
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@truetool Almost everything in that comment is factually wrong.
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@truetool "The tech boom is because India has some very elite universities that provide world class education." - Indian Tech boom has nothing to do with the "elite universities". Mass recruiters rarely recruited from IITs or even NITs because there was no interest from the students of those colleges to work from companies like Infy, TCS etc. The bulk of the employees in IT don't come from any elite universities. Also, even if the students from IITs wanted to join the IT work force, the number of students produced by all the IITs put together was under 4000. IT Boom was fueled by recruitment of thousands from hundreds of colleges. "The contribution of English language was marginal at best, being largely confined to call centres that comprise barely 0.1% of the GDP." - Ability to interact in English was the primary reason why IT Boom happened in India, but not in China where cost of labour was equally low but quality of education was better and more broad-based.
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@truetool When I say IT boom didn't happen in China, I meant export based IT boom. I thought that was implicit given the topic of discussion.
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@truetool It's true that Infy and TCS don't hire outside of the top 100 colleges and the bulk of Indian graduates are unemployable. But the wages keep skyrocketing because of the lack of trained engineers. If there was a dearth of graduates at entry level then entry level salaries would have sky rocketed as well. They haven't. The change in entry level salaries don't even beat inflation. "you are conflating the IT industry and call centres. Call centres form a small part of the overall IT industry." - Sir, with all due respect, you need to explain these subtlties to someone who isn't from India. I am pretty well informed on how diverse the IT industry is and I don't consider BPOs part of IT industry just because they come under the later Outsourcing umbrella. "Infosys was founded by ex-employees of Patni Computer Systems who could write software at a fraction of the cost US programmers would. " - This is a well known fact. Nothing new here. But one of reasons the "boom" happened because of the availability of English speaking population which was leveraged post Y2k when the world started viewing India with more trust and deals started flowing. Let's agree to disagree. Anymore discussion isn't going to be productive.
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