Socialism cannot compete!

Buy, Sell or Hold: Potash Deserves Another Look

WACG - I wouldn't have phrased it that way...but I think I know what you are driving at: until India thoroughly cleanses itself of its caste system, and creates opportunity for *all* its people, it cannot thrive. There needs to be a foundational basis for every Indian to have the ability to become what he chooses - via education and hard work. This is so far from true at the moment as to be pathetic. Equality and open doors for all is the only way to true competition and free market capitalism...which are the only way to sustainable prosperity (as opposed to a temporary surge on the backs of "underlings.")

Unfortunately, we in the U.S. are receding towards just such a caste system - though many do not recognize it. Or maybe just don't have time or energy to deal with it. The tax system as well as political system (no term limits for congress = trouble) plus ever-swelling regulation on our lives make rising above middle-class status increasingly difficult - not impossible, mind you...but the barriers continue to rise. And that's economics. Let's mind the costs to our freedom as well.

There are some lessons for all to heed as we ponder the current economic situation and how to resolve it. Let's not jump on the bandwagon of any solution until we consider the risks to principles and the long-term view!!