Evening Thoughts:
From 712 to 1398 AD, The Arabs, Ghazni, Ghori and Taimur attacked India with the sole purpose of loot and plunder. The riches to be got from India were enough to cover the costs of raising an army, having it cross the mighty Hindukush, fight, and go back all the way, and still make a profit.
From 1600 AD onwards, The British, French, Portuguese, and Dutch East India Companies were created for the sole purpose of 'trading' with India and partaking of the wealth of India. That lasted 300 years.
Within 73 years of Independence, India is the world's sixth largest economy.
If we want to learn the secret of consistent creation of wealth, perhaps, we should look inwards?
The other thing we should learn from India and Russia is the concentration of wealth. It was because wealth was concentrated - first, in the temples, then in the ruling and trading classes, that it became easier to plunder from India. If the wealth was well distributed, the effort required to get that wealth would also have been higher, and perhaps, not worth it so much.
What do you think?
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