Wednesday, August 11, 2010

Adventure Capitalist: Truly capitalist

The book, "Adventure Capitalist" is definitely a must read. It provides an eagle's eye view of different nations in the present time. I really didn't know anything about sex tourism, until I read the book. The author's time in African countries was an eye-opening account. I found out that the western countries definitely have a propaganda to keep Africa poor. That is the only way they can remain rich.

Even today, the rich west,consisting of countries like, US, Germany, and France dumps its surplus food grains in African nations through NGOs. Due to this, African farmers cannot continue to farm for a living. This is also done by America in countries like Mexico and Puerto Rico. Due to this, jobless farmers from Mexicans and Puerto Ricans come to US as cheap laborers.

But the author has a lot of surprises when it comes to describe India and China. He feels that Shanghai is a beautiful place and worth investing , which it quite true. The author gave detailed account of how Chinese churches and monasteries are flooded with devotees. But he does not talk about the human right violations and the restrictions towards freedom of speech practiced by the local government.

The author, to my surprise, feels that India is not worth investing! All he could say about India was that it will break into several states, because of language and culture diversity. Well, he is right to some extent. But I feel that a country, which has survived, the 70s(emergency, violent clashes on state formations,riots etc) can survive anything. India definitely has shown very slow growth due to the infamous Hindu Rate of growth. But the Indian growth is sustainable unlike the Chinese ultra supersonic growth. The Chinese economy has flourished by focusing outward like Japan. But India has always focused inward, and worked on self sufficiency.

Anyways, as I finish my review, saying I learnt a lot about the present social and political conditions of many nations, from this book.


1 comment:

The Rain Crab said...

Probably, India focusing on inward growth and self sufficiency is the reason it's not a potential investment for western countries!
:)
Yet many western countries invest in India or at least Indians (In their countries)... I am sure that they know we are the wrking class!