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Economic Colonialism - India

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Nov 1995Cheap labour and the end of archaic restrictions have spawned a new entrepreneurial era. In Bombay's factories, thanks to foreign investment, they are finally carting away the Dickensian machinery of the British Empire. But Hindu fundamentalists denounce this as 'economic colonialism' and are as keen to expel the multinationals from India as they are to quash the minority Muslims. At a Hindu festival, extremists excite racial and religious tensions as crowds of young Hindus wheel a freshly painted effigy of Ganesh, the traditional vanquisher of foreign foes, into the Arabian sea. In the quiet village of Veldur where buffaloes loll in the waves, fishermen moan about a new site for ENRON, an American multinational. Dependent on mangoes, fish and cashew nuts, villagers dread the devastation associated with industrial development. This local discontent is one more political skirmish in the battle for India's commercial future. Despite widespread social tension, India's leaders have decided that foreign investment is indispensable. As India mobilises to catch up with the West, Veldur will become the first casualty of many.

Channel: News & Politics
Uploaded: December 31, 1969 at 6:59 pm
Author: journeymanpictures

Length: 16:35
Rating: 4.90
Views: 3634

Tags: Action  Cheap  Colonialism  Economic  Hindu  Industrial  labour  Mumbai  Muslim  Protest  

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Video Comments

jghgfghj (December 31, 1969 at 6:59 pm)
enron is bankrupt, its a no more.
annboylyn (December 31, 1969 at 6:59 pm)
Vote Ron Paul !
me2super (December 31, 1969 at 6:59 pm)
I notice that a majority of your videos on India are demeaning only showing the extreme negative aspects of India's problems, the largest English-speaking democracy on the planet. On the other hand, you project the "Boom in China" when you are aware of the Chinese expansionist agenda, the genocide of over 300,000 in Darfur, over 1.2 million Tibetans, countless Burmese, and staggering human rights issues within China such as Falun Gong, etc. All I am asking is to be fair, not biased journalism.
me2super (December 31, 1969 at 6:59 pm)
Dear journeyman, "Ganesh, the traditional vanquisher of foreign foes". I am Indian and I never heard anything like this in my entire lifetime. Ganesh, is the traditional vanquisher of roadblocks, also the deity that awards intelligence and prosperity (i.e. economic progress).
jbrown696969 (December 31, 1969 at 6:59 pm)
So much has changed in 13 years. Who then could have said India would be an emerging economic superpower in 2008?!
thatlolguy (December 31, 1969 at 6:59 pm)
yeah right Enron!!!

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