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Ankur Khandelwal

Student, Malaviya national Inst of Technology,jaipur

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save greece, italy and US

Greece is finish, Italy on row.US started Occupy wall street protest..This list is not limited to nyl these three countries but has crossed 100 mark...As an Indian citizen, I am quite fortunate that these protest has not touched our country but at the same time there are a lot of problems that has worsened indian situation...well I do not want to conentrate on India...my concern is, as everyone says, can entrepreneur avert this situation any more or resurrect, should say ail, these countries to regain there history???


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    Nov 7 2011: There is practically no corporate governance in India, and that's why you do not feel any "decline". In reality, what is going on in many Western countries are a routine, regular affair in Indian economy.
    For consumption and luxury items India is just a basket case, without much ability to cater its own need. And for growth India and China used to look towards Western markets without developing its own market, without introducing the basic institutional reforms (efficient judiciary, civil governance, transparency etc) to make "liberalized" free-market to work for its people. Once Western economies start looking towards Indian or Chinese markets for growth and employment, the situation will be more unstable, may be even violent.
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      Nov 7 2011: Yeah i pretty agree with you...but my question is that how can Entrepreneurs save these countries?? When these US dark days, euro dark zone was in in its intial phase, i read articles like that people like steve jobs and bill gates and entrepreneurs can save this country...and lot of people say that crisis is the best time for entrepreneur to emerge....i also agree with them..btu can you give some idea how can they save your country (visited your profile and you are from US)
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        Nov 7 2011: Entrepreneurs can never save a country, rather they have no desire or motive to save a country (as a businessman). They will migrate or relocate their business operations to a more suitable destination, leaving the general population to fend for themselves.
        I agree that such financial crisis is one of the best opportunities for emerging entrepreneurs in a way that more such (potential) candidates will be losing jobs and forced to do something on their own. But at the same time, it is not a great time to get capital and other necessary mentoring (support from other associated or similar entrepreneurs).
        So far US is concerned, public distrust (towards big corporations) and pessimism (about politics and policy making) is setting in among people. Even seasoned journalists, reputed commentators and successful policy makers are more pessimistic than ever about America's future. For detail one can check this recent Charlie Rose interview (http://www.charlierose.com/view/interview/11773). The recent "occupy wall street" is just another indication.
        I think intelligent, able and dedicated people who have the ability to see the "bigger picture" (about the country and the world) should join government (either as an employee or politician) and organizations like UN to bring more transparency in governance and help information more freely accessible to general people. That is true for India, USA and any other country in the world.
        That's why I am a great supporter of Obama's proposal to deregulate and free internet. Probably Internet is the best gift to mankind in last century.
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          Nov 8 2011: yeah Jayanta...i agree with your point that it is not a great time for entrepreneurs to do their business as they will not get money form market....and also agree about businessmen tendencies that they are loyal to money only....but we have people like Bill gates who ask to levy more tax on them while he is one the richest man in this world....and as an optimist, i can say there has to be some solution of this problem...and i should advise to all pessimistic persons that pessimism has never worked and optimism may work...Every night has a day

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