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Make no mistake that the credit for this goes entirely to the Indian people, who have had to reckon with their government’s and politicians’ corruption and incompetency to enact constructive measures to assist their entrepreneurship (and still take undeserved credit for it). But for having to work against this pre-load, the Indian economy would have prospered much more. Sadly, Indian professionals can do little to rescue and take over their inefficient political machinery from the clutches of the professional political parties, whose only capability and occupation is to battle one another in elections.

Such a socio-economic setup will also be beneficial to the discriminated Fourth World peoples of FSCs. With the FSC being organized into cooperatives and with public policy being developed at the grassroots level (by associations of similar types of cooperatives, such as agricultural and manufacturing cooperatives), the Fourth World people would also be involved in economic development and management, and of course participate in economic gains. pmd 17 7/13/2005, 3:27 PM 18 D. N. Ghista fiscal policy, and general economics dealing with industry and economic growth.

The regional (and, later on, global) implementation of collective capitalism would auger for regional (and global) economic stability, and thereby enable all the regions of the world to converge to a near-uniform living standard. Chapter 10 details this economic system for eclectic utilization of human resources and potentialities, towards cooperative and enlightened living, as described by the inspiring shloka from the Rigveda at the very outset of this Preface. 10 World government and constitution for human rights and enlightened living What constitutional guarantees should the society and governance provide to the people?

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Understanding Technical Stock Analysis by Brown, Jennings


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