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Oz wary about outsourcing to India

 
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One country at least has some reservations about selling it's citizens jobs
down the river - UK and US take note!

http://www.namesfacesplaces.com/html/view_news_article.asp?id_no=1727&photopage=0
 
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Don't get too wary. Capitalism rules, its all maya of money honey.

With the world becoming more of a global village, we should be happy that all the jobs/money are staying on Earth and not going to Mars.

Now as far as local distribution is concerned, we can be pretty sure that if money goes from US to India, from India it will spill over in bay of bengal ( where else will it go, huh! ) float to pacific ocean, would travel along the cost of south america, would diffuse into atlantic ocean, induce some greenery in africa, pop across caribeans and come back to north america.

Why deprive the world and posterity of this cross ventilation?
Australia take note!

For better appreciation here are the three Law of Money Dynamics

1. Money can neither be created nor destroyed. It can only be converted from one form to another.
2. The efficiency of monetary flow cycle is always less than 1. Thus if money travels from point A to point B, and then back to A, it will always be less than the original amount. This is because it always dissipates itself, energizing the areas it flows over.
3. At absolute zero, the concept and consideration of money becomes void.

Corollaries
#1 : Its only when you allow a free trade that prosperity reigns. Creating forceful boundaries would only protract economic in-prosperity.
#2 : The sudden flow of jobs/money that you see around is because the world has long been in state of imbalanced economy, where there are dense lush economic pockets and there are abject poor and barren lands.
#3 : Don't allow the winds of change take toll of your life. For this short journey lets enjoy the resources and be collectively happy. Who knows when time runs out...

Take in light spirit! Keep smiling
 
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Originally posted by Mohan Panigrahi:


1. Money can neither be created nor destroyed. It can only be converted from one form to another.



Not even close, I'm afraid, as many a Dot-Com investor can tell you.

You've bought (no pun intended) into a popular concept that money is a tangible resource with an absolute value. It isn't. Even Gold has no absolute value. Were it otherwise the commodities futures exchanges could not exist, and inflation would be problematic as well.

Money is the constantly-changing scale by which we measure how valuable something is to us personally. When we have confidence, we're willing to pay more. When we do not, we pay less. When we feel something is overvalued, we may defer purchasing until the seller revalues the merchandise to a level we find agreeable.

I am, in my own assessment, of no less absolute worth today than I was 3 years ago. In fact, arguably, I'm worth more, as I have continued to accrete skills. In concrete take-home pay terms, however, I am worth about 10% less.

Several years ago, I took a class taught by a woman who'd lived in pre-WWII Germany and she related a story of the day when her father sold a wardwobe (probably worth about $USD2000 in today's terms) in the morning and used currency received that morning later in the day to buy a pound of bacon. The wardrobe was just as useful and as valuable, and certainly the bacon was (subject to spoilage), but the currency - or - if you prefer, the "money" was decidedly not so. It was one of the major reasons Hitler came to power.
 
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I think Telstra is outsourcing its entire IT to indian software company infosys and a lot of other companies r outsourcing their IT and call centres to india too
 
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Originally posted by : Tim Holloway
Money is the constantly-changing scale by which we measure how valuable something is to us personally


That is correct. The thing that has significance only in transition can neither be created nor destroyed Its is all in the minds of country folk!

I was trying to model the money dynamics on laws of thermodynamics, if you replace energy/heat by money,thermodynamic cycle by money-flow-cycle, and entropy by concept and consideration of money.

In fact heat is defined as something that has significance only when it flows from body at high temperature to body at low temperature. Gets real close to concept of money!
 
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