For Every Job Walmart Creates, 17 Will Be Unemployed

[cherlapalli_jailer]

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[size=3]Imagine a society where 80 percent of grocery sales are monopolised by just five giant retailers like Walmart, Tesco and Carrefour, where locally grown fresh food is largely replaced by processed, plastic-packaged items with low nutritional value, and where great heterogeneity of attire based on traditional and ethnic fabrics is gradually destroyed-and so-called "consumer choice" is reduced to competition between a handful of brands and logos.[/size][/size][/font][/color][color=#000000][font=arial, verdana, sans-serif, FreeSans][size=3]
[size=3]Most Indians would rightly consider this a nightmare scenario because of the artificial, chemicals- and energy-intensive nature of the products sold and the corporate manipulation of people's tastes and choices involved.

But it's not very far from what has happened in much of Western Europe and North America over the past 30 years, especially as regards groceries, clothes and shoes, and increasingly, fruits and vegetables.[/size][/size][/font][/color]

[size=3]Yet, that's the trajectory on to which Prime Minister Manmohan Singh has pushed this wretchedly poor country by permitting 51 percent foreign direct investment in multi-brand retail as part of a strategy to boost GDP growth by feeding the "animal spirits" of entrepreneurs, in this case foreign entrepreneurs like Walmart, which is among the world's most hated corporations.[/size]
[size=3]This decision, on which the government had stalled despite Cabinet approval last November because of internal dissent and fear of a popular backlash, will go down as one of the most insidiously destructive economic measures ever taken in India.[/size]
[size=3]It will lead to the relentless undermining of the livelihoods of millions of petty traders, kirana shop-owners, vendors and hawkers, with minuscule benefits, limited to global capital and India's urban elite, which is already addicted to glitzy energy-guzzling shopping malls[/size]

[sandy437]

Good One..
Agreed..
But ..india ki money ravalante (for development) evarokoru ..invest cheyyali like FDI ... or Corruption/ black money tevali...

two million dollar questions

[cherlapalli_jailer]

[quote name='sandy437' timestamp='1348240974' post='1302515725']
Good One..
Agreed..
But ..india ki money ravalante (for development) evarokoru ..invest cheyyali like FDI ... or Corruption/ black money tevali...

two million dollar questions
[/quote]
FDI ni evaru aapa ledu maama
FDI lekunda ne india lo anni cars / bikes or lot of other stuff vachhayi anukuntunnava???

FDI in retail vaddu annadi majority vaadana