India has a peculiar set up. Each Indian likes to play lone wolf, hoping
to keep all the profits to himself, he refuses to work with others, even
when he realizes that by so doing he could turn a losing proposition into
a paying one. He believes in all for himself or nothing.
This is the basic reason why parnerships in India are never a success.
Because of such mentality the concept of a joint-stock company did not
germinate in India economic thinking. Even today it has not fully taken root.
Indian workers are no less self-centered that our other classes. They live
and toil for the day. Excellent craftsmen many of them are, but they do not
believe in producing anything with sustained offort, nor do they maintain
the same standard which might procure for them steady orders.
Indians are thus their own destroyers, because they work entirely for
personal, immediate interessts; their prosperity is not uniform, and they
don`t look to the future or to the future of their trade.
If Indian merchants and industrialists realized the value of co-operation
they would make more money and with greater safety. In this way they would
not only enrich themselves but also others, which would a reassurance of
their own prosperity. As they have failed to appreciate this, their wealth
does not stand on secure foundations. [Next will continue as no. 110]
Kind Regards!
TheSunderkt
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