Thursday, January 1, 2009

Wealth creation and more

What is it that makes a nation rich? How is it that some countries are so rich that some of their countrymen have made more money than GDPs of some other countries. If it were natural resources then countries like Zaire, Niger, Congo, Nigeria with their vast natural resources like oil,diamonds,gold would have been fabulously rich. On the other hand countries like Taiwan, Singapore, Hong-Kong, Japan with no natural resources wouldn't be so rich. If it were intelligence then Russia where chess is a spectator sport much like cricket and football wouldn't consist of people boiling stones for dinner! Instead 'Beverely hills' where some of dumbest people on the planet stay wouldn't be inhabited by some of the richest! Wealth creation happens only when a nation respects it's wealth creators without bothering to justify their wealth. Putting bottlenecks,barriers on wealth creation has only given to formation poor nations. On the completion of fifteen years of reforms in India, let us salute our wealth creators. Also, let us remember that in a free economy anybody can get up and set shop, dream to become an 'Ambani'/'Tata'/'Birla'....the game is just on!

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