“Invited guest of varying quality and are never challenged on statements that demonstrably wrong. In the latest program, 1 dec. 2021, on guest host, Jyoti Malhotra, stated that there was no issue with dynastic inheritance of major companies. Despite the fact that such companies on average systematically underperform their peers over time. She cited major Indian companies with DI as examples of why DI works.
Omitting all the issues with such a statement, such as 1: the Indian economy being inefficient compared to other major economies, with a significant corruption issue, thereby reducing internal competition, 2: the huge internal market, which statistically would throw up some major firms even if they are run inefficiently (see mexican telecommunications), 3: the historically very limited access of outside firms to the Indian market, which further decreases competition. And so on, and so on.
Also, as a brief aside she stated that using people forced into internment camps to perform unpaid work is not slave labor. I thought thought that was more or less the definition of slave labor, but she is on the BBC, so it must be right.
I have listened on and off for years, but this will be my final program.”
think,justthink via Apple Podcasts ·
Denmark ·
12/01/21