embedded in the floating world
|
nmazca.blog embedded in the floating world |
|
 I carted around the section of the NYTimes that featured this story yesterday. I kept wondering, "And this is good?*" In particular: "India is now the world's fastest growing telecom market, with more than one million new mobile phone subscriptions sold each month. Indians are buying about 10,000 motorcycles a day. Banks are now making $15 billion a year in home loans, with the lowest interest rates in decades helping to spur the spending, building and borrowing. Credit and debit cards are slowly gaining. "The potential for even more market growth is enormous, a fact recognized by multinationals and Indian companies alike. In 2001, according to census figures, only 31.6 percent of India's 192 million households had a television, and only 2.5 percent a car, jeep or van. (*"This is bad?")" Do we need a consumer class larger than the whole U.S. population gobbling up resources like us? Once you've been to the mall, you've been to them all |
|
|||||||||||||||
