Moreover, instead of jobs improving in quality, we have become a Good Chillin With My Peeps Sheep Bunny Happy Easter Day Shirt nation of retail fast-food workers. Innovation has stalled because credit has diverted into the pockets of Warren Buffett and George Soros. Herbert Croly and the Progressive-liberals seem to have won their war on the future. Future generations of Americans will be poor in order to satisfy Croly’s and his colleagues’ narcissism. Underdeveloped countries are greatly handicapped by a shortage of capital for industry and enterprise. Finance is the prime maker of growth. Anyway, capital for industry and entrepreneurial zeal were severely and conspicuously scarce in India when the East India Company (1600-1874) stepped into this country. It was very difficult to raise capital on private initiative in the days of the Company rule and, thereafter.
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Because of damped forces of demand and supply capital, Good Chillin With My Peeps Sheep Bunny Happy Easter Day Shirt remained shy. Naturally, under the circumstance, the state supposed to act as a godfather for promoting and financing industries. Since India was under British rule for almost 200 years (1757-1947), the British Government. Found it unprofitable and unnecessary to go for industrialization in India. However, imperialist capital came into this country. As a matter of colonial policy-the policy of subordination of Indians to the British capital. It was only after the First World War (1914-1918), that state patronage for industrial development was visible as Britain’s supremacy all over the globe came under serious threat. Against this backdrop, a “new” pattern was evolved to overcome the obstacles of (i) shortage of entrepreneurship; (ii) non-availability of, mainly, venture capital; and (iii) dearth of managerial skill and knowhow.
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