India attacks US on plan to ban outsourcing

[marie123]

This looks good for us? yes

http://news.ft.com/servlet/ContentServer?pagename=FT.com/StoryFT/FullStory&c=StoryFT&cid=1073281284712&p=1012571727088

India's technology industry has attacked proposed new US legislation that bans the outsourcing of federal work to low cost countries arguing it is a protectionist measure contrary to the spirit of free trade.


The move by the US Senate coincides with decisions by a number of foreign companies to halt further outsourcing to India because of a new domestic tax ruling that would enable the Indian government to tax part of their worldwide earnings.

The US bill, which was passed by the Senate of Friday but has still to be signed by President George W. Bush before it becomes law, is the most significant attempt to stop outsourcing, a fast-growing industry trend that has led to the loss of thousands of highly-paid technology jobs in the US and become a hot political issue in a US election year.

[DarkPhenyx]

1. Hey now! Outsourcing is just Capitalism at it best.

Cutting costs to make a more financially stable business. It's good for the company! Why are ya'll bitching and whining about it? Capitalism is good for the country damnit. It's what makes us the best, strongest, country in the world.

[sweetheart]

2. free trade is an untested theory

IN all honesty, it has never been tested globally, it is a punt.

I'm for reciprocal trade... let me know, INDIA, when you ship a similar number of jobs to the USA... perhaps then we'll have something in common.

Adam smith and ricardo's comparative advantage theory is for manufacturing, and is untested and questionable in services... to use it to bankrupt an economy without considering consequences is so very criminal republican.

[varun]

3. India shipped her riches...

to the west for hundreds of years...maybe its payback time?

[JHB]

4. If it's "payback time", let them collect from...

...the British Crown.

[bleedingheart]

5. How about the Indian leaders stop building nuclear arsenals

and they start taking care of their own people...apparently they would rather play chicken with the Pakistanis than deal with humanitarian issues.
Yet...the UN, WHO and loads of western countries are pressed to give more to charities that are helping the Indians...

[sweetheart]

6. vedic god of the ocean

I hear ya. Just that was then... this is now. I agree that the thinking of multi-century historical justice sounds spiffy, but justice is NOW. The trade should be reciprocal.

Its too bad what the British, the portugues and other colonists did in the subcontinent centuries ago... really sad... and it was injust.

Now we have the justice of today. Varuna, god of justice, you already know this.

[Gin]

7. they have caught "capitalist fever "and the addiction is hard to break.

gin