India Doesn't Buy Economic Reforms

The mumble in Mumbai India, is that the economic reforms of the IMF and the US Capitalist class is now the road to suicide, not to reform. The Congress Party is bragging that under Indira Gandhi they were the ones to nationalize the banks. The BJP wants to protect the diamond industry. The smaller regional parties and the Communist party want even more protection. This may sound like socialism in the current jargon of newspeak, but it's only the latest form of the American System of Alexander Hamilton, and Friedrich List. The bottom line coming out even in the Indian press, is that India cannot boost its growth by increasing speculation.