Hub Pages is a platform to interact globally and first and third world can easily get connected.Though Globalization is in full swing here, I am retired blue collar worker(blue collar worker is specie on extinct) Please allow me to vent my feelings.
Developed economies in EU have mixed of public and private sector, success and failure both.India's case is different, We can not close public sector and allow private sector to flourish.Employment is a part of Human development and livelihood here.Our mixed economy under democratic regime is doing well,over the period public sector developed faults burdens, overheads, so practical way we partly privatized, listed in stock market.Lobbies claim, private sector is efficient, i disagree, my experience is totally different, they robbed money of shareholders, depositors, few of them have merit.In EU advanced economies experimented well,
nationalization to privatization and privatization to nationalization. India can not afford to follow
For shareholders rights and protection Government set up Institution(SEBI) why? private sector failed on promises,lack of transparency, Enron power utility US company failed in India for wrong
Unless laws and regulation private sector in India would never perform, will take investor for ride.
by kerryg5 years ago
A diplomatic cable released by Wikileaks reveals that DynCorp, a private security contractor tasked with training the Afghan police, may have used US taxpayer dollars to throw a "bachi bazi" party for Afghan...
by kashannkilson5 years ago
Are public schools still important? Are charter schools and privatization the future? Does it even affect the country's role in the world economy?
by Mike Russo3 years ago
When I was in the Air Force (1956 to 1960}, there was very little privatization in the military. I was in Japan on a remote radar site and we did have Japanese house boys. But that was about the extent of it. We...
by My Esoteric2 years ago
Do we understand now why it was so stupid to cut-off-our-nose-despite-our-face and throw-the-baby-out-with-the-budget-bathwater when Congress, both Bush's and Obama's, decided to abandon the shuttle program before there...
by Moderndayslave3 years ago
With wages adjusted for inflation either stagnant or losing ground and commodities and the cost of living going up. Is the US economy being systematically gutted or is this just a coincidence? What's your opinion and...
by Mike Russo2 years ago
During Obama's state of the union speech, he stated that he wants the minimum wage raised and is going to raise it for federal employees. He implied this will create jobs. The republican party countered...
Copyright © 2016 HubPages Inc. and respective owners.
Other product and company names shown may be trademarks of their respective owners.
HubPages® is a registered Service Mark of HubPages, Inc.
HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.