> > > > > > <snip>
> > > > > > > I am sure it will be a success in India, but I am not sure if it will
> > > > > > > attract that much interest elswhere initially.
> > > > > > It is an Indian league played between Indian cities. I don't expect it
> > > > > > to be a success elsewhere, not that elsewhere matters much anyway.
> > > > > Agreed; if there is as much money in it as appears to be the case,
> > > > > then the IPL could become to India what the NFL is to the US, and what
> > > > > happens (or doesn't) in other countries would be irrelevant. The
> > > > > Indian economy and population size can easily sustain a venture like
> > > > > this.
> > > > > - Chan
> > > > But if it really popular only in India, I am not sure it is going to
> > > > help the Indian economy that much with the salaries they give out to
> > > > foreign players. They need atleast some foreign endor***ts if they
> > > > don't make too much from TV outside of India.- Hide quoted text -
> > > > - Show quoted text -
> > > Economics 101.
> > > You don't need to export stuff to become wealthy.
> > > If IPL creates profits, the nation itself will become wealthy.
> > > If Microsoft hires Indians for cheap and sell Software only within the
> > > US and generates profit, it is good for the US net wealth
> > > OTOH, if Adobe hires US engineers and only exports software, but makes
> > > a loss, it is not good for the US net wealth
> > > As long as you are making profits, you don't care where you get your
> > > raw materials (Ricky Cheating & Michael Crooke) from.- Hide quoted text -
> > I don't know much about economics, but it sounds counter-intuitive to
> > me. If I were to make a guess, people spending might actually give a
> > false sense of economic growth in the shorter term, but in a case like
> > this where (assuming) we get 0 foreign investment but spend money to
> > get foreign players, then local spending would not help the economy at
> > all. But if you know what you are talking about, I will just take your
> > word for it.- Hide quoted text -
> > - Show quoted text -
> The Wealth of a Nation is determined by how much they produce, not how
> many people are employed.
> Take extreme cases,
> i) Robots does all the human work including maintaining Robots. There
> is 100% unemployment, but each person is wealthy
> ii) There are One Million Companies hiring every employable person and
> every company is making a loss. There is 100% employment, but each
> person is poor
> Yes, those are idealistic example far in touch with reality. But,
> still you should drive towards (i) and not (ii)- Hide quoted text -
> - Show quoted text -
job, how are they paying to buy what the robots make? You have to sell
it outside the country. Otherwise, there is no way the economy is
I agree with the fact that the wealth of a nation has to do with
producing. But you cannot grow an economy, IMHO, if you only sell
inside the country AND your imports increase while your exports are
the same(importing foreign players, exporting nothing).