Wednesday, 2 November 2011

India Inc inspsiring govts to move from the humble "RATH" to "FORMULA 1"

Well...the F1 project is entirely a private enterprise, and we know what private enterprises are capable of, not just in terms of raising capital, creating successful businesses, but also the not so beautiful, such as evading taxes, swiss banking etc. Within the peripheries of the race circuit, which was officially the private space oh so beautiful, the outside, which was the motorway/expressway was so beautiful, again a pvtly developed space. A look at the public spaces, the administration and policing, well that tells you a different story.
Its all so well and easy to give away parcels of land to pvt enterprises at throw away prices to develop, and then entice the junta at market rates. The doubling and trebling of investments is just a means developed by the rogues to get you aligned with them capitalizing on your aspirations. No well meaning economics or great governance here.

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