Re: Tata / Mahindra Car Owners: Did "Patriotism" play a role in your buying decision? I thought it would be an appropriate time to revive this discussion. I know the last post in this thread was 2014 but there has been so much change in the world since.
I am not an economist and therefore cannot comment a great deal on globalisation and its benefits. It certainly has benefits, consumers in a country are able to get goods cheaper and encourages the most efficient forms of production if it was a level playing field. Many countries like China for eg quietly subsidise their products in order to capture a market and decimate the industries of a target country thus destroying jobs and economic potential. China has even rebranded fake medicines as made in India, sold in Africa to tarnish our reputation
I have seen this situation play out in Australia where I have lived for over thirty years. It was a country with a relatively robust manufacturing sector, including car manufacturing. Today it is reduced to practically no manufacturing (the last car manufacturing factory closed in 2016). Today it is a client of Chinese manufacturing practically 99% of goods sold there are made in China. Manufacturing of all iconic brands such as RM Williams (boots), Billabong etc now all manufactured in China. If we do not want to suffer the same fate here then we must make a conscious effort to buy Indian otherwise we will lose our manufacturing capability and once lost it is next to impossible to recover. This is why Trump's message resonates with the American voters. That we retain jobs here is existential for us because we have to support 1.3 billion people, unlike Australia which has a population of 25 million.
Recent events on our borders have shown that China is not our side and as a country, we should not be supporting their economic prosperity by buying chinese goods at the expense of Indian manufacturers. Good examples are the most popular phones sold in India such as Xiaomi, Oppo and the like. MG is coming in and Wall etc will follow suit to our detriment.
So patriotism should play a role because it means survival in the end |