--- Bosco D'Mello <[EMAIL PROTECTED]> wrote: > > What exactly has Bill Gates got to do with your > assertion about India being a superpower - > > So, why is it that you are card-carrying member of > the Bill & Melinda Gates foundation ?? > Mario responds: > Bosco, First of all, I don't think anyone even thinks of Bill Gates at a Seahawks game:-)) > However, I'm glad you asked, though I see some signs of cynicism in your remarks. > It's really very simple. Bill Gates is a proxy for what the REALLY smart people think. One needs to watch where the "smart money" are putting their money, and where they are not. The other proxy is Lakshmi Mittal. Watch what he does. This Indian became one of the riches people in the world while avoiding business in India because of socialism. Now he has acknowledged that things have changed, I do not expect him to "wait and see". He's already done that. > "Smart money" do not "hedge their bets" by betting on wildly risky propositions. Bill is not investing mega-BILLIONS in Mexico or South America or Africa or Europe or even Canada. No future superpowers expected there anytime soon. > Bill Gates did not get to where he is by being stupid. Even you and Cornel may agree with this. He could invest his hard earned money anywhere he wants to. While Cornel is preaching "wait and see", Bill Gates is putting BILLIONS where his mouth is, in India and China, because he believes they are FINALLY heading for economic superpower status after discarding the mindless socialism tha help them back and allowed the US and other countries to benefit instead. Perhaps we confused you by not mentioning China in a discussion on India. > Bill Gates is also putting BILLIONS into Africa through his foundation, but those are charitable contributions to help them survive from HIV/AIDS. No future superpowers expected there anytime soon. > The US market is far from "tapped out" because every home still doesn't have a PC. Even though most American families have more than one TV set and more than one car, no one thinks those mature markets are "tapped out". > I think you are getting unnecessarily hung up on what superpower really means. India is already an intellectual superpower. If it continues to liberalize and encourage foreign investment and free trade it will become an economic superpower. It may even become a military superpower, because that would be in the interest of the only current all around superpower, because two democratic superpowers is one way to maintain world peace. > I don't need to "wait and see" like Cornel says the "educated" people only he seems to meet in India are doing. Feel free to do so yourself. I'd rather follow Bill Gates and Lakshmi Mittal and the other doers who walk the walk, not just talk the talk. >
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