"Mxsmanic" wrote in message
...
William Black writes:

The ones the US pays on its huge military research contracts that are
really
a way of subsidising civil aircraft development.

Those aren't subsidies, they are margins, which contribute to the profit
of
the contractor. All government contractors pad their contracts,
especially
military contracts.

What resources?

Water, arable land, fossil fuels, clean air, etc.

India and China have very few fosil fuels, they both import them. They
have both managed to become self sufficient in food and their agricultural
land utilisation is rather good. Clean air isn't of any great interest in
societies where drinking water is a scarce resource.

India's economic turnaround is almost all based around its huge English
speaking population working in telecommunications based service
industries.

I hope it is looking at more long-term prospects.

Well they're busy buying up large amounts of European industry.
Interestingly neither of them are investing in the USA despite having huge
amounts of dollars.

What do you suggest as an alternative to telecommunications in the long
term?

Neither country has any serious resources that they're selling, ...

They are consuming resources, not selling them.

So?

They can afford to pay for them.

Welcome to the globalised world...

An Indian graduate with a higher degree will work, in India, for
$10,000 a
year and think they've got a very good job.

Compared to the cost of living, he may be right. But that will change (is
changing, in fact).

Inflation in India runs at about 6% per year.

Last year I took four people out for dinner in a fashionable restaurant
there for less than $25, including cocktails, and I do mean fashionable...

Next year it may be $26:50...

When's it going to be $100 each?

--
William Black


I've seen things you people wouldn't believe.
Barbeques on fire by the chalets past the castle headland
I watched the gift shops glitter in the darkness off the Newborough gate
All these moments will be lost in time, like icecream on the beach
Time for tea.