Friday, July 13, 2018

Looting of India Continues Unabated in the 21st Century

First the Mughal’s looted India since the 15th century.

Then Britishers looted India from 17thto the 20thcentury.

Now along with the corrupt politicians, the billionaires are looting India for the last few decades!

What a sad state of affairs.

Read this fascinating article on India and it's inglorious growth where money only flows rapidly to the top.

To be fair, millions have been lifted out of poverty and illiteracy has improved a bit in numbers, yet the numbers remain the largest in the world. Poverty and hunger today in India is worse than in sub Saharan Africa.

But the rich have become richest accumulating majority of the wealth causing severe civil disturbances and acute food and water shortages all around.

And now, with a severe crackdown on some and lack of money flows due to economic slowdown and the worst banking crisis of any country in the world, the rich are running away from India (35 billionaires plus at last count) while 17,000 dollar millionaires have left India in a short period of time between 2014 to 2017 with thousands more migrating to Canada, Australia, NZ or wherever they can find a way.

The entire core of India has collapsed, with huge job declines, much more economic pains are ahead.



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