Comments by "I have no jaw and i must scream" (@ihavenojawandimustscream4681) on "Raghuram Rajan: A debate on Indian Economy, unemployment, Inequality, Agriculture, banks, US, China" video.

  1. That is just not true. In China for example the industrial sector took off long before the advanced services sector. Same with Japan, the US etc. I cannot think of a country where the service sector grows first before the industrial sector.
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  2. ​ @deshampravesh7108 yes and that's bad because services unlike manufacturing does not produce Dead labour. Even in capitalist economics like in Solow's model the key to economic advance is through industry that can help technological breakthrough, not uber eats
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  3. ​ @rabram557 clamping down on monopolies is in fact less eficient than just taxing wealth. Because concentration of industry can help increase efficiency of goods produced because of economies of scale. By taxing the rich we're taking away the marginal profit produced by these industries.
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  4. Yes it's called fictive capital. I.e wealth earned through speculation in the stock market. Rather than wealth from producing goods
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  5. This guy is such a neoliberal stooge. IGL you should've bring Prabhat Patnaik here
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  6. Man look at all the Indians here defending wealth accumulation. No wonder India will never industrialize
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  7. ​ @arunsar7893 how is this a dumb argument? Look at how India is now after 30 years of economic privatization
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