Capitalism is wonderful. A bunch of greedy business owners can act selfishly and thousands of poor Indians are lifted from poverty.
And yes, you are quite correct - once the Indian developers are no longer poor, capitalism will then attempt to lift others out of poverty. In fact, this is already happening - southeast Asia is the new "cheap" place, while India is becoming midrange on quality/cost.
Perhaps because of this thing called patriotism, a.k.a. "do not piss where you live"...
Note that as demonstrated by this thread, democracy will be far less effective at helping poor Indians/others than capitalism. A bunch of self-interested voters who talk about altruism while engaging in protectionism will do less to help the poor than even the worst bodyshop.
And yes, you are quite correct - once the Indian developers are no longer poor, capitalism will then attempt to lift others out of poverty. In fact, this is already happening - southeast Asia is the new "cheap" place, while India is becoming midrange on quality/cost.
Perhaps because of this thing called patriotism, a.k.a. "do not piss where you live"...
Note that as demonstrated by this thread, democracy will be far less effective at helping poor Indians/others than capitalism. A bunch of self-interested voters who talk about altruism while engaging in protectionism will do less to help the poor than even the worst bodyshop.