Economic Lessons From Slumdog Millionaire
Submitted by CARPE DIEM
New from Reason.tv, what the celebrated film “Slumdog Millionaire” can teach America about ec economic stimulus:
Since the early 1990s, India has cut its poverty rate in half. About 300 million Indians—equivalent to the population of the entire United States—escaped the hunger and deprivation of extreme poverty thanks to pro-market reforms that increased economic activity.
Yet here in America we’re turning away from market reform. Says Shikha Dalmia, a senior analyst at Reason Foundation and native of India, “It’s just this great conundrum that at the same time that deregulation and markets have produced such dramatic results in India, they are falling into suspicion in America.” Dalmia’s prescription for India is at odds with what politicians have chosen to “stimulate” the United States. “What India needs to do is continue apace with its liberalization effort, but expand it to include the poor. Release them from the shackles of government corruption and government bureaucracy.”
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February 24th, 2009 at 6:02 am
Film is not “celebration of creativity”…..it is just any other movie made with goody-goody feel on human relationship and Love prevails non-sense. It is just that it is made by a westerner and distributed by “Fox Searchlight Pictures and Warner Bros. Pictures”…hence it made a global opening….
India is portrayed as a pathetic slum which west wanted to see as they do not want to tarnish the image which they comply with.
Rest stupidity of congress to take the credit is cheap and they should try to do something for country rather than taking a bath in the glory of some movie.