India Opting Out of the Global Bubble

India is having its national elections, and more and more people and politicians want to opt out of the global financial bubble. India, with a population of more than one billion, cannot afford to boost speculation, especially after the global economic breakdown. In one of the many ads, the governing Congress Party brags over its nationalization of the banks during the 1960s. The BJP, the Hindu nationalist party is not that most different, promising to protect farmland from unnecessary industrial projects. India’s rise as an economic power has made many in the West happy, but the end of the line is near. Self-sufficiency or even socialism are the new by-words, not globalization and speculation. The real estate bubble has come down, and India does not want to be sucked in. After the crash, and wrong move could be fatal for India. Take a look at that Harlem and Bronx NY boys and girls.