Showing posts with label Industrial. Show all posts
Showing posts with label Industrial. Show all posts

Sunday, September 24, 2017

Why India Missed The Industrial Revolution



A little bit of history doesn't hurt. Funny that some people here who had seen the declassified notes of the British PM Harold Wilson – just like anybody with an internet connection – seem to take them at face value. That is the independence of Mauritius was automatic and SSR loved to be called Premier. They seem to think that the Leader of the LP came to the negotiation table mostly unprepared. SSR and unprepared??? He also took his General Secretary to London even though that guy had lost his seat in the 1963 general elections. By 96 votes. Probably to cheer the latter up as he'd always wanted to go to Trafalgar Square.

Tuesday, June 2, 2009

Ramgoolam's Argument is Flawed

The Prime Minister is still talking while I write this down. I checked a bit earlier for about 20 seconds and couldn't bear listening to his pathetic speech. He was saying that we cannot compensate workers for the rate of inflation because otherwise that will cause inflation. In essence he is echoing what the president of the MEF said in Le Defi+ a few weeks back. What Navin is failing and has failed to understand is that it's not the workers of this country who caused the double digit inflation but his incompetent finance minister who depreciated the rupee, removed subsidies and kept prices of fuel artificially high.

If he wants industrial relations to improve in this country he should order the bean-counter to stop violating article 5.2a of the Bank of Mauritius Act for a start. Besides, high inflation which is synonymous with increasing poverty has known to throw governments out of office.