India the economic chump?
One of conservative journalist Steve Sailer’s readers argues against the notion of India as the “white-collar” version of China’s “blue-collar” threat to America’s economy:
What then can be said about India’s quite real successes in knowledge work? Essentially, they are a product of failure. The knowledge industries aren’t a failure of course. However, their success is a consequence of the failure of India’s economy to “soak up” its college graduates in a broadly based developing economy. For example, Korea produces any number of brilliant engineers. However, in Korea Samsung, Hyundai, LG, SK and a zillion smaller companies provide lucrative employment opportunities for these folks. In India, you either get a job with Wipro, Infosys, etc. or you starve.
