Spyker Sold :(

[Ray]

Yeah, I knew it was a bad example. But he's worth billions, yet he doesn't give it all away. It's his money to do with what he pleases.

[GTO]

Don't forget that he is a politician too and that he inherited his fathers wealth that obviously dates from their Raja title. So he didn't earn a thing but only increased wealth his ancestors gained through exploitation of poor including slaves and child labor. Such wealths made on exploitation under caste system should be nationalized because those who made that money for their owners and bosses never got paid for the work they've done.

Population 1.129.866.154, 25% = 282.466.538 below poverty line. If 1/4 is below poverty line than probably 2/4 and more are very poor. I dare to guess that over 1 billion is poor and that all of middle class and well situated are among remaining 129.866.154.

What in blazes are you talking about? Get your facts & guesstimates close, if not correct, before you use it.

Accordingly then Bernie Ecclestone, the wealthiest man in F1, who profits from all sorts of cheap labour used to create & support F1 races around the world should be held accountable for exploitation. Don't be so naive to think that only the rich in India have exploited illiterate, poverty struck people in such countries. Take a look at the products & possesions in YOUR home! I'm sure the majority of them involved low income workers somewhere in the production line.

Since, when are only the rich people responsible for the world's illiteracy, poverty & health problems? Isn't that moral problem for all of us to help in conjuction with all wealthy countries & respective governments?

I appreciate your concern for the poor in India, but poverty is prevalent in all countries including rich industrialized ones. We all have a moral obligation to do something about it?

http://en.wikipedia.org/wiki/List_of_co ... in_poverty

http://www.epinet.org/books/swa2004/new ... tional.pdf

http://www.econ.yale.edu/~srinivas/trade_poverty.pdf

http://www.wsws.org/articles/2000/jun2000/pov-j16.shtml

http://www.wsws.org/articles/2000/feb2000/pov-f04.shtml

[mcdenife]

Ray wrote

Just because you have a car doesn't mean you are wrong for not giving everyone without one a ride to work. Get over yourself MC, stop hating someone who's rich.

GTO wrote

Since, when are only the rich people responsible for the world's illiteracy, poverty & health problems? Isn't that moral problem for all of us to help in conjuction with all wealthy countries & respective governments?

I appreciate your concern for the poor in India, but poverty is prevalent in all countries including rich industrialized ones. We all have a moral obligation to do something about it?

Spot On.

[manchild]

I've quoted the source of my facts and figures, please read carefully.

What most of you who stand behind this Team India guy don't understand if following:

Countryman of Bernie or Mr.Burns (western billionaire) can provide themselves and their families with plenty of food, clothing, house, heating during winter, education, health care etc. because Mr.Burnses pay them correctly.

Countryman of Mr. Team India and rich guys from the third world can't provide themselves and their families with plenty of food, clothing, house, heating during winter, education, health care etc. because Mr.Team Indias don't pay them correctly.

Why don't they pay them correctly despite huge profit their companies make? Because they hold the law and politicians in their countries in small pocket and use that power and status as much as they like. Try holding a strike or raising a lawsuit against them and there comes police and army to brake your bones because you dared to raise voice against people who control the power.

That's modern tyranny wrapped up in shiny democratic paper. There isn't essential difference between third world rich guys from medieval days and now. Their businesses rely on force, power, extortion, threat, politics, corruption etc.

Origin of capital of third world millionaires and billionaires is just dirty and maid on feudal-style exploitation, pure theft with abuse and corruption of judicial system, army, police and secret services (USSR/East Europe Communist Party officials - now billionaires) or like in Mr. Team India case it dates from far history and real feudal exploitation.

Caste system is a feudal system and it still exists. His wealth and his father's wealth were made under it and by default that's dirty wealth.

That is why there is so much poor people. Because his father and all ancestors in every generation exploited the India poplulation without sense to develop society in benefit for all.

That's the difference between Mr.Burns and Mr.Team India. Mr. Burnses are not perfect or even good by my criteria but compared to Mr. Team Indias they are living saints.

Prove me wrong - move to India or Russia, deny you former citizenship and try getting a job in Mr. Team India company. Than compare your paycheck and everything that follows with what you had in the west doing same job making same profit to you boss.

Modern western billionaires are capitalists while modern third world billionaires are feudals by the nature of how they acquired wealth. That's the bottom line and a huge difference.

[kurtiejjj]

Please, can we stop about this now! Open an appropriate thread for political discussions, this is for discussing the takeover! I would be much more interested in hearing what the consequences will be for the team + the spykers car division, will they keep the name with some kind of license etc etc. Beside that they haven't actually struck a deal yet, they only have exclusive negotiation.

[Belatti]

I've quoted the source of my facts and figures, please read carefully.

What most of you who stand behind this Team India guy don't understand if following:

Countryman of Bernie or Mr.Burns (western billionaire) can provide themselves and their families with plenty of food, clothing, house, heating during winter, education, health care etc. because Mr.Burnses pay them correctly.

Countryman of Mr. Team India and rich guys from the third world can't provide themselves and their families with plenty of food, clothing, house, heating during winter, education, health care etc. because Mr.Team Indias don't pay them correctly.

MC: in Argentina (3rd world country) an average worker (Homers) earns less than 500 euros a month. Average workers from the same -multinational- companies (Homers) earns in europe more than 1500 euros.

So, the problem is not "who is the rich guy".
The problem is how little the rich guy can pay to you.

And that depends on the countries people education, unemployment rate and government "arrangement" with these rich guys.

To answer kurtiejjj, I only hope that Narhain Karthikeyan (or whatever his name is) stays out of GPs. I like the fact that there are a little amount of paying drivers and that those who are paying nowdays are not so slow.

[checkered]

To answer kurtiejjj, I only hope that Narhain Karthikeyan (or whatever his name is) stays out of GPs. I like the fact that there are a little amount of paying drivers and that those who are paying nowdays are not so slow.

I don't know about Narain ... but if everything "goes to plan", it's very likely you'll see Karun Chandhok's debut in F1 in 2009. "Who?" you may ask. Well, this guy (link) ...

On your point about the pay in different parts of the World, I don't want to delve too deep into the economics of it, but it's not unheard of that in a country where the paycheck is 1.500/mo, 1 kg of rice costs 1,50 ... and ina country where the paycheck is 500/mo, the same amount costs 0,50.

Please don't come back at me saying this is oversimplified, because it is. It's just that the cost of financial independence varies just as much as pay does. Still, from time to time, people travel long distances to set foot on those gilded streets of legends.

I'm afraid those aren't to be found in Europe any more than Cortés and his brethren found them in their travels in the 16th century. Perhaps, gradually, humanity will learn to appreciate the golden rays of sun as the greatest wealth of all.

[Belatti]

On your point about the pay in different parts of the World, I don't want to delve too deep into the economics of it, but it's not unheard of that in a country where the paycheck is 1.500/mo, 1 kg of rice costs 1,50 ... and ina country where the paycheck is 500/mo, the same amount costs 0,50.

Please don't come back at me saying this is oversimplified, because it is. It's just that the cost of financial independence varies just as much as pay does. Still, from time to time, people travel long distances to set foot on those gilded streets of legends.

Oversimplified or not, I see what you mean, but it is not like that.
My cousin lives in Barcelona and he pays 1,5 euro somethings (like food, drinks, etc) I pay here 6,50 Arg $ "pesos".

1 euro = 4,3 arg$

He earns 2500 euros and I earn 2700 arg$ (above the average wage here)

You do the math.

[checkered]

Here's Karun

Chandhok discussing the advantages and challenges of F1 going to India ... Analysis: India goes Formula One mad (Autosport)

[Scuderia_Russ]

Didn't Chandhoc win a G.P.2 Race recently? And Kartikeyan was fastest at the last A1GP Silverstone test. (so he should be for a Williams test driver.) I didn't think he was a bad F1 driver BTW, and although another take over doesn't make things look promising let's just wait and see how things go before we slate the guy any further.

[mx_tifoso]

Nooooooo ! ! ! ! ! ! ! !

"Spyker hands over F1 team to new owners"
http://www.f1technical.net/news/7301

[axle]

Nooooooo ! ! ! ! ! ! ! !

"Spyker hands over F1 team to new owners"
http://www.f1technical.net/news/7301

Nooo? Why? The F1 team kept having to BAIL OUT the car firm!!! They can now use all their income on developing the car. New wind tunnel is now on line and developments have been very promising. The new owners, are going to tap into the booming Indian market....I expect Tata etc are going to use the oppertunity to advertise to a global market.

Lots of good things can come of this. My insider is very much happier...

[mx_tifoso]

F1-Live.com- Spyker says F1 team sale not complete

Accoding to Spyker, the sale of the F1 team to the Vijay Mally led Force India team is not yet complete.
Here's one of the major points announced by Spyker:

....There are still some "minor differences of opinion" with Force India to clear up.

A number of issues of relative minor financial importance -- according to our expectations -- are still outstanding," Spyker confirmed.

"Unfortunately ... as per today, (Spyker) has still not reached full and final agreement with Orange India," it added.