Indians to burn Walmart

Cathode Rays · Nov 30, 2011

Plans for #Walmart in India fuel divisive #FDI debate - storyful

A divisive row in India's parliament about opening up the retail sector to foreign investors, such as Walmart, spilled over onto Twitter on Tuesday. Many observers passionately argued in favour of the cabinet's decision to give global supermarket chains 51 per cent ownership, in the hope it will revolutionise the sector. But their opponents furiously argued that major retail chains will crush and close small shops and local businesses. The argument over Foreign Direct Investment (#FDI) been a contentious issue for years and is now dominating the Twitter chatter in India.

Many of those opposed to #FDI are linking to this 2003 article by Richard Freeman:

During the last 20 years, Wal-Mart has moved into communities and destroyed them, wiping out stores, slashing the tax base, and turning downtown areas into ghost-towns. This is accomplished through Wal-Mart's policy of paying workers below subsistence wages, and importing goods that have been produced under slave-labor conditions overseas. Often, communities will even give Wal-Mart tax incentives, for the right to be destroyed

. Executive Intelligence Review.

Global retail chains pushed for years to enter one of the world's fastest-growing retail markets and finally secured the breakthrough last week. The largest opposition party, the Bharatiya Janata Party (BJP), previously supported the opening of the Indian economy. Now, however, it is leading the opposition

Faced with claims that some $15-20 billion in FDI could flood into the country over the next 10 years and counter claims that small businesses will close, local TV networks posed the question: Do we need Walmart in India?

Cabinet clears 51% FDI in multi-brand retail - YouTube

Na hizi ni baadhi ya reactions za Wahindi wengi wakihofia madhara yatokanayo na investment za Walmart

ranganaathan ranganaathan
After displacing 32 mill farmers? RT @NewIndianXpress: 'FDI in retail will create 10 million jobs?

navaneeth2310 Uma Bharati (BJP Party Leader): "I will burn down Walmart if it comes to India. Even Americans believe Walmart has robbed Americans." Priceless this lady

Huku kwetu sijui hali ya Kilimo Kwanza na FDI ikoje....

Ghost · Nov 30, 2011

Mkuu senkyu for this post. Nashanga kwanini watu hawaja respond to this thread.... India is one of the countries every business man/enterprenuer wana go to take advantange of their both growing population and class level. Lakini wahindi naona wajanja sio kama hapa kwetu tunamkaribisha kila mtu kuua local investors and businesses.

If you allow every Tom, Dick and Harry in to ur country, they will make profits on the expense of local business and families. At least there at least some smart people out there who just dont decide on these stupid ventures in to their countries. Angalia hapa kwetu tuna Shoprite, Game, etc....na nasikia hao hao Wal Mart pia.....

Cathode Rays · Dec 1, 2011

Ghost said:
Mkuu senkyu for this post. Nashanga kwanini watu hawaja respond to this thread.... India is one of the countries every business man/enterprenuer wana go to take advantange of their both growing population and class level. Lakini wahindi naona wajanja sio kama hapa kwetu tunamkaribisha kila mtu kuua local investors and businesses.

If you allow every Tom, Dick and Harry in to ur country, they will make profits on the expense of local business and families. At least there at least some smart people out there who just dont decide on these stupid ventures in to their countries. Angalia hapa kwetu tuna Shoprite, Game, etc....na nasikia hao hao Wal Mart pia.....

Well said Mkuu,

Ukweli ni kwamba "Mwerevu na mjinga tofauti yao moja, wa kwanza hutambua kabla haijala kwake wakati mjinga hushtuka ikisha kula kwake"

Indians to burn Walmart

Cathode Rays

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Ghost

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Cathode Rays

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