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Facebook Takes $5.7B Stake in India’s Jio

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Re: Facebook Takes $5.7B Stake in India’s Jio

#41

Post by webmobdev »

statguy wrote: post #24
webmobdev wrote: post #23

Earlier quoted context omitted.

Won't happen, even if Ambani's and others are lobbying for it. BSNL is required for secure government and military communication.

and Ambani owns the govt...

True. Our current PM Modi will dance to Ambani's tune. But killing BSNL isn't so easy ... They have lakhs of employees and with the poor state of indian economy I doubt if the government would be able to afford to pay the majority a proper severance package. Not to mention the unions and strikes they will have to deal with.

Re: Facebook Takes $5.7B Stake in India’s Jio

#42

Post by ravenstine »

kumarvvr wrote: post #14

This is too much control for one company. This is really bad for democracy. JIO is deeply embedded into the rural populace. Exactly the ones who are vulnerable to disinformation campaigns. And facebook just bought a key to the gates.

As long as enough people submit to the "muh private company" idea, this will only get worse.

Re: Facebook Takes $5.7B Stake in India’s Jio

#43

Post by fiblye »

fooker wrote: post #39
throwaway122378 wrote: post #28

Earlier quoted context omitted.

The poor cannot afford principles ??? Really how much do you get paid to shill that hard

That was uncalled for: "the poor can not afford principles" is a fairly reasonable opinion to have.

It's an opinion, but "fairly reasonable" is very debatable.

Being poor doesn't mean a person doesn't have principles, just like being wealthy isn't correlated with having strong principles or morals.

Re: Facebook Takes $5.7B Stake in India’s Jio

#44

Post by achow »

sumanthvepa wrote: post #25

I'll take a contrarian view. This is good! All investment into India is good. (Yes even Chinese investment.) We are a poor capital starved country. We need every bit of cash we can get and that $5.7B will generate employment and create another strong telecom player. I strongly supported net neutrality in 2016 in India, but circumstances have changed. Jio needs the money, as does India. The poor cannot afford principl…

I'm partially with you - this maybe good.

But saying all investment (special reference to China ones) is good, is taking it too far. It is already proven that China is new financial colonist [1] [2], infact last week India Govt passed a notice that any investment from China would be scrutinised.[3]

[1] https://www.ft.com/content/186743b8-bb25-11e8-94b2-17176fbf9...

[2] https://www.forbes.com/sites/panosmourdoukoutas/2018/08/04/c...

[3] https://economictimes.indiatimes.com/news/economy/policy/ind...

Re: Facebook Takes $5.7B Stake in India’s Jio

#45

Post by solidasparagus »

fiblye wrote: post #43
fooker wrote: post #39

Earlier quoted context omitted.

That was uncalled for: "the poor can not afford principles" is a fairly reasonable opinion to have.

It's an opinion, but "fairly reasonable" is very debatable. Being poor doesn't mean a person doesn't have principles, just like being wealthy isn't correlated with having strong principles or morals.

The phrase doesn't mean the poor don't have principles, it means they don't have the same luxury of making decisions purely on principle.

Re: Facebook Takes $5.7B Stake in India’s Jio

#46

Post by sumanthvepa »

fiblye wrote: post #43
fooker wrote: post #39

Earlier quoted context omitted.

That was uncalled for: "the poor can not afford principles" is a fairly reasonable opinion to have.

It's an opinion, but "fairly reasonable" is very debatable. Being poor doesn't mean a person doesn't have principles, just like being wealthy isn't correlated with having strong principles or morals.

It does not mean the poor don't have principles. They definitely do. They cannot afford to live by them, or they lose their livelihood. Indeed it is widely acknowledged in academia. that the poor are much more generous per $ of income than the wealthy. (Will have to search for the reference... Will edit it into the comment later.)

Re: Facebook Takes $5.7B Stake in India’s Jio

#47

Post by gorgoiler »

fiblye wrote: post #43
fooker wrote: post #39

Earlier quoted context omitted.

That was uncalled for: "the poor can not afford principles" is a fairly reasonable opinion to have.

It's an opinion, but "fairly reasonable" is very debatable. Being poor doesn't mean a person doesn't have principles, just like being wealthy isn't correlated with having strong principles or morals.

They aren’t saying poor people revel in their inherent immorality.

They are saying poverty forces people, against their will, to break their moral codes and principles. It’s one of the worst things about the power dynamics of money: not being able to afford an iPhone is a laughably trivial concern compared to having to work instead of spending time with your children, when you know how much of an impact your absence will have on them, for example.

I was glad to read it as a pithy and sobering comment, even if I didn’t agree with the rest of the post.

Re: Facebook Takes $5.7B Stake in India’s Jio

#48

Post by statguy »

Fiveplus wrote: post #31
statguy wrote: post #24

Earlier quoted context omitted.

and Ambani owns the govt...

Ambani owns jack shit. These kind of low denominator strawmans do not lead to a healthy discussion. Please keep it to yourself or go to a community that welcomes it.

I will give you a datapoint, among many. The Indian govt. recently awarded a critical contract for modernizing the Indian Air Force to a company owned by Anil Ambani who is the brother of Mukesh Ambani, owner of Jio. The Anil Ambani (who has since declared bankruptcy) company had zero experience in defence or aeronautics, yet it was chosen over India's state owned HAL which has decades of aeronautical expertise.

Re: Facebook Takes $5.7B Stake in India’s Jio

#49

Post by a-ve »

9nGQluzmnq3M wrote: post #36
a-ve wrote: post #5

This is bad. One executive at Jio already confirmed they use DPI to monitor traffic on their networks, and their apps, be it their MyJio, JioTV, JioNews, etc. ask for almost every permission there is. Also, it looks like the Zuck hasn't given up on his internet.org thing yet. He failed the first time, might as well join hands with a person who literally is the Government in India. Can't switch to Idea because they we…

> a person who literally is the Government in India Out of the loop: can you clarify what you mean by this?

It's mainly due to his disregard for any rules that may exist.

The telecom regulator in India bent rules in favor of Jio: https://m.economictimes.com/news/economy/policy/vodafone-gro...

Rs 11,000-Crore ONGC (state owned oil and gas corp) Gas Shifted to Reliance Industries Fields: https://www.ndtv.com/business/rs-11-000-crore-ongc-gas-shift...

They literally took out full-page advertisements with Modi's image on it: https://thewire.in/economy/modi-reliance-jio-advertisement

Re: Facebook Takes $5.7B Stake in India’s Jio

#50

Post by searchableguy »

ravenstine wrote: post #42
kumarvvr wrote: post #14

This is too much control for one company. This is really bad for democracy. JIO is deeply embedded into the rural populace. Exactly the ones who are vulnerable to disinformation campaigns. And facebook just bought a key to the gates.

As long as enough people submit to the "muh private company" idea, this will only get worse.

I am not sure what other options are there. Government owned companies? Because I don't see that working with [0] government censoring it's citizens and being so incompetent that it needs to have an internet shutdown all the time. Other countries face similar issues but they don't shut down the whole internet for their incompetence.

Indian government itself participates in disinformation campaigns, denies statistics coming from the outside (given india has done nothing on that front and only cut funding), practice blatant discrimination and spreads religious nonsense.

[0] https://internetshutdowns.in/

Oh and the nice bill - https://en.m.wikipedia.org/wiki/Personal_Data_Protection_Bil...

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