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...With so much yield for so few bucks, it might seem surprising that Indian authorities hadn't dug Thakare a pond long before now. But small farmers like Thakare have been neglected for much of the past three decades - and not only in India. Throughout the developing world, agriculture was the also-ran of the global economy. Governments equated economic progress with steel mills and shoe factories. While urban centers thrived and city dwellers got rich, hundreds of millions of farmers remained mired in poverty. Agriculture in many developing nations stagnated...
...Three years later, K.S. Mulay, a state agricultural officer based in the Vidarbha town of Amravati, proudly reads off a long list of the progress the government has made so far. Nearly $39 million has been spent subsidizing high-yield seeds, Mulay says, plus $24 million on developing fruit orchards and other pricey produce, and another $24 million on building micro-irrigation projects. As Mulay drives down narrow roads through Vidarbha's cotton fields, he stops his jeep every few miles to show off the government's handiwork. First, he marches up a muddy hillside to a small...
...just that. Some Indian economists criticize the government for spending too much on welfare programs, such as the job-guarantee scheme, and not enough on irrigation systems and other investments that could make farms more productive. "Giving a cow won't help a farmer long-term," says Paurnima Sawai, 42, a farmer in Takarakhede Shambhu village. "But money to build a dam is a long-term investment. For years, you get benefits from it." With only 40% of its farmland irrigated, India's entire economic boom is held hostage by the unpredictable monsoon. With much of India's farming areas...
Okrent's article failed to mention the cause underlying Detroit's dwindling population: globalization. The fact is that the jobs that were once done by Detroit dwellers have long since been displaced to Asia, Latin America and Eastern Europe due to lower labor costs. Marx would appreciate the irony that the once glamorous auto industry, which embodies the spirit of capitalism, unleashed the forces of globalization which eventually destroyed it. David Zarecky, PRAGUE...
...lets you be your own boss is a job most folks wouldn't turn down. With the effort to rein in health-care costs increasingly framed as an unhappy trade-off in which insurers either slash benefits or raise premiums, some in Washington are beginning to ask a question long considered off-limits: Do we simply pay doctors too much...