The Price of Oil and the Wages of Stupidity

I have argued in the past that India is poor by choice — not by necessity, nor by a heavenly compulsion, or a divine thrusting upon, or an enforced obedience of planetary influences [1].

“Of course, that does not mean that every poor Indian has chosen to be poor. Someone else in a position of power made choices whose consequences are evident. India’s leaders – past and present – have consistently made choices that have had, and are having, a disastrous effect on the lives of hundreds of millions of human beings.” [From a post made in June five years ago.]
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India and Manufacturing

Daniel Altman begins his column in the International Herald Tribune (June 3rd, 2008) “India seeks it owns path as a manufacturing powerhouse” with:

For a few years now, a facile dichotomy has made the rounds in economic circles: Among developing countries, China means manufacturing and India means services. Yet several leaders of the public and private sector in India see the country’s road to riches leading through manufacturing as well.

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