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Rage, Anxiety In The West: BRICS Must Be Doing Something Right
![]() If corruption is all about cornering wealth, power and resources, look at concentration of power.
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he day-after BRICS announced their plan to start a BRICS Development Bank in New Delhi last year, reactions in Western media barely concealed anger at the BRICS proposal.
Sample this.
Outside endemic corruption, uncertain or wholly absent rule of law, and relatively low per capita income and life expectancy, there wouldn’t appear to be much that unites this disparate collection of nations. But there are at least two things that do – high growth and trade.
via Why a Brics-built bank to rival the IMF is doomed to fail – Telegraph.
See this statement in wider context.
Rule of Law
On the rule of law, I would agree.The is West is truly the land of law.
Between the US and EU, on a population base of little over 80 crores, the West has about 27 lakh (2.7 million) prisoners – EU (total pop. 50 cr.; prison pop. – 6.07 lakh) and the USA (total pop. 31 cr.; prison pop. 21 lakh). With 27 lakh prisoners, the West is a world leader in imprisonment. Coincidentally, the West labels itself as the Free World.
Exclude children, the old and women from the population ‘eligible’ for imprisonment, we are left with around 27 crore adult males. This would mean that one out of every hundred Western males is in prison.
Comparably, in India, with an overall population of 120 crores, the numbers in prison is around 3 lakhs. Of the nearly 30 crore males, India has just 3 lakhs in prison. Just one in thousand, adult Indian male is in prison.
To enforce the rule of law, the West has also become a Prisoner Planet. Is that what is missing in BRICS? Brazil and Russia have lower imprisonment rates, compared to the US – but it is still high compared to India.
No, thanks!
Corruption … or Collusion
On the matter of corruption, again he is right.
After the rule of law, with strict rules about libel and slander, corruption cannot see the light of day. But if corruption is all about cornering wealth, power and resources, look at the …
Concentration Of Power
How does one measure concentration of power.
Today the most popular method is the Fortune /Forbes /Businessweek /FT 500 listing of Top corporates.
These listings demonstrate that half the world’s economic output is controlled by about 5000 companies run by about 25,000 individuals. Add another 25,000 politicians and bureaucrats. We have about 50,000 people controlling the lives of 800 billion people of the West – and influencing the lives of non-Western societies.
Between the mega-corporations and State, 60%-75% of the work force is employed or paid for being unemployed.
In some of the inefficient states like India, mega-corporations and the State employ less than 3 crore people – which is less than 5% of the Indian labour force.
Forget Western correspondents, there are quite a few NRI chelas for such Western journalists. Like Hong-Kong based, Venky ‘Chumboo’ Vembu. (Don’t know what Chumboo is? Never mind, Vembu knows what chumboo is).
To get an unprovoked reaction of rage and anger, BRICS must be doing something right.
More power to BRICS.
Related Articles
- BRICS Comes Of Age At Durban – Analysis (eurasiareview.com)
- BRICS Lessons From Durban – OpEd (eurasiareview.com)
- BRIC by brick (thehindu.com)
- BRICS has arrived, so will the mortar (Comment) (news.in.msn.com)
- BRICS Countries Dump The Euro, Establish Bank (eurasiareview.com)
- Durban Summit: BRICS to launch its own bank to counter WB/IMF (foreignpolicyissues.wordpress.com)
- Jim Willie’s “Most Important Article Ever”- USDollar: Ring-Fenced & Checkmate (silverdoctors.com)
India & Bangladesh – A Worried West
![]() Even as it keeps West at a distance, Bangladesh has got the West worried.
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Muhammad Zahoor (Peshawar, Pakistan)
via Cartoon Competition Winners Announced!.
the squabbling has turned into a crisis (see article) which threatens to make life still worse for the 170m poor Muslims who suffer under one of the world’s worst governments. Since Bangladesh’s political leaders show no interest in their fate, outsiders need to do so.
The outside world is trying to do its bit. The World Bank has scrapped a deal to pay for a big bridge because of its suspicions of corruption. EU ambassadors have denounced the treatment of Mr Yunus and the harassment of activists. Hillary Clinton flew to Dhaka this month to stand by Mr Yunus.
But the government seems unmoved. In a snub to Mrs Clinton, it announced a review into ownership of Grameen, a move to take over (and probably destroy) the bank. The only country to have much influence in Dhaka is India. Until recently the regional superpower tolerated Sheikh Hasina’s excesses, in part because Bangladesh has cracked down on Islamists. India now seems to be hedging its bets between the two parties. But if it still wants to have a functioning democracy next door, it needs to speak out far louder in favour of it. (via Bangladesh’s toxic politics: Hello, Delhi | The Economist).
First …
The Economist is wrong on one count – to start with.
Bangladesh is not exactly the hottest or happening economy in the world – or even the region.
Never was. Can’t get worse for Bangladesh.
In the past, Bangladesh’s political leadership has not displayed the calibre to win anything – except opprobrium. So, the new direction chosen by Bangladeshi leaders can only take Bangladesh up. Is there is a downside.
Talking about ‘political leaders (who) show no interest in their fate, outsiders need to do so’. In a certain part of the world, people have been complaining loudly.
Visibly.
Two …
Across Europe, riots, protests, elections, have only shown that the people of Europe have shown trust or confidence on their leadership.
Looking at Europe’s decline in the last 50 years or even the last 100 years, the lack of trust and confidence is logical. Across the pond, in USA, the Occupy Wall Street (OWS) will soon see its first anniversary on September 11, 2012.
Now compare European leadership with India and China. From historic lows, 100 years ago, even 50 years ago, China and India have assumed positions of significant importance in the world. Going by performance between Western leadership, Indian and Chinese leadership wins hands down.
Time for outsiders from China and India to ‘ensure’ that Europe gets its’ act together.
Three …
That brings us to the third point. Why is The Economist so worried about India having a voice in Bangladesh?
Maybe Bangladesh leadership is more intelligent than Western leadership. Maybe Bangladesh has learned lessons from Pakistan! We have seen how Pakistan has descended into incendiary situation on a permanent basis. Bombs, explosions, guns, assassinations, civil war – all the benefits of Western attention.
Still blame Bangladesh for not wanting the Pakistan Experience?
Related Articles
- Politics in Bangladesh: Banged about (economist.com)
- Pakistan: The Hidden Chapter (quicktake.wordpress.com)
- Clinton pressures Bangladesh govt in Grameen Bank row (dailystar.com.lb)
- Clinton Warns Bangladesh on Grameen Bank (blogs.voanews.com)
- Bangladesh announces probe into Grameen Bank units (seattletimes.nwsource.com)
- MARK TULLY: India must downsize for region (dailymail.co.uk)
- Bangladesh eyes $400 million loan from Indian central bank (dawn.com)
Brown Man’s Burden
![]() On what basis is a Brown Man’s burden being imposed on India?
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Indian burden …?
Irfan Ahmad, an Indian-Bihari, earlier at JNU, now with an Australian University, has now come out with a new version of White Man’s Burden.
Specially for India. Call it The Brown Man’s Burden.
Promoting the cause and interests of the Islāmic ‘world’, Irfan Ahmad writes how
West’s claim of spreading democracy in the Middle East is bogus. Against the West’s claims, it continually de-democratised one country after another. Like India, the world’s largest democracy which is largely disinterested in – and indirectly hostile to – democratic movements in Bhutan and Burma, the West has been largely hostile to genuine democracy in the Middle East so as to nurture its interests – geopolitical and strategic – by keeping the Mubaraks and the Shahs “stable”. (via How the West de-democratised the Middle East – Opinion – Al Jazeera English).
While Najib Mubarki works on inducing White Man’s Burden (and guilt), Irfan Ahmed has taken on himself to impose a Brown Man’s Burden.
For instance, Irfan Ahmad pushes the idea that it is Indian ‘Hindu’ responsibility to protect Lebanese Muslims from racist attacks in Christian Australia.
Big Brother know best
Surprising, that Irfan Ahmad cannot see that the problems of West Asia are a direct result of West’s assumption of White Man’s Burden in West Asia – as the ‘keeper’, saviour, benevolent authority.
Irfan Ahmad is wrong when he promotes the idea of India’s ‘responsibilities.’
Since when has it become India’s responsibility to be interested in or nurture democracy anywhere, as Irfan Ahmad tries to impute. India’s avowed and stated foreign policy goal has been non-interference.
Why assume that India Government knows best about what is good for Bhutan or Myanmar? There are some in India that believe that the Indian Government does know what is good for India itself! So, why impose, influence, direct, promote agenda in other countries.
To equate India with the West, on a campaign to keep West Asia unstable for the last 100 years, is at best, laughable.
Irfan’s two legs
The other leg of Irfan Ahmad’s thesis is the idea of ‘Hindu’ Burden as Keeper of Muslims in India.
Explaining reasons for radical Islam, Irfan Ahmad argues that ‘when secular democracy is responsive to the traditions and aspirations of its Muslim citizens, Muslims in turn embrace pluralism and democracy. But when democracy becomes majoritarian Muslims turn radical.’
In effect, Irfan Ahmad claims that it is Indian ‘Hindu’ responsibility to provide ‘democracy responsive to the traditions and aspirations’ of Indian Muslims.
Otherwise …
I thought that the Partition of India made it clear that Indians Muslims will be their own keeper. So, where is the question of providing ‘democracy is responsive to the traditions and aspirations of its Muslim citizens’.
Or of ‘Hindu’ majoritarianism that Irfan Ahmad talks of?
‘Hindu’ Keepers
Even though there are ongoing attempts to make the India State interfere in religious matters, as a country India is not a theological State. Hence there cannot be a role of the Indian State to care for Muslims, ‘Hindus’, etc.
India will take care of all Indians – and any criticism of India to take care of Indians is welcome. But Irfan Ahmad’s attempts to ‘impose’ a burden of Muslims on the Indian State are neither logical or acceptable.
Those who define that burden, can carry it.
Related articles
- ‘West Asia sustains a transnational Arab public sphere’ (thehindu.com)
- Bookshelf: Ghosts of Afghanistan by Jonathan Steele (foreignaffairs.com)
- Is Religion A Threat To Democracy? (andrewsullivan.thedailybeast.com)
- Telling it like it is… (m.spectator.org)
Gold import bill may touch $100 bn by 2015-16
Dollar squeeze
Hit by a global dollar-liquidity squeeze, the Indian rupee plummeted against the dollar in December 2011.
Result.
Between September 2011-December 2011, gold prices declined by nearly 21% (from US$1950 /oz. to US$1550 /oz.) in dollar terms. But, in India, gold prices showed a decline of less than 7% (from INR 29,000 to INR 27,000).
A worried Indian government tied up a US$15 billion credit facility with dollar-surplus Japan – and increased customs duty on gold imports.
Gold import bill is expected to touch $100 billion by 2015-16 against $33.8 billion in 2010-11, industry body Assocham said in a report.”Calculated on the basis of CAGR of period 2010-11 over 1999-2000, the gold import bill could total $100 billion by 2015-16,” it said in the report released today.
According to RBI, the current account deficit is a cause of concern because of inelastic gold and oil demand, it said.With the government increasing import and excise duties on gold and silver, both commodities are set to cost more.
Being the largest importer of gold in the world, India accounts for nearly one-third of the annual demand with import bill rising from $4.1 billion in 2001-02 to $33.8 billion in 2010-11, it said. (via Gold import bill may touch $100 bn by 2015-16 – The Economic Times).
Bad ideas – recycled
The biggest problem with trying out tariff barriers against gold import in India is smuggling.
Between 1935-1995, a sixty year crime wave engulfed the world. Mafia was seen as a global power center – undermining societies and the State.
This crime wave was fueled by an explosive mix of drugs carriage by the Indian underworld to the West and gold smuggling into India.
Within a few years after customs duty on gold imports was brought down, the Mumbai underworld became powerless.
The British used the same logic to stop gold imports into India. Morarji Desai, recipient of an alleged CIA payoffs, resisted all attempts to relax gold imports and trade in India.
Shaky base
The logic used by all these regimes was the same – gold imports are a drain on the Indian economy.
In fact it is the other way around.
With the dollar and the Euro close to collapse, gold will assume a greater monetary role in the next 10-30 years.
India with the largest reserves of gold in the world, will no longer be dependent on Western capital for growth.
And that is what a section of the Indian government is thinking of!
India’s infrastructure companies may be allowed to offer tax-free gold bonds aimed at channelizing household savings to the cash-starved sector that is estimated to need $1 trillion (about Rs 50 lakh crore) over the next five years.
A senior official told the HT that the government is actively considering a set of proposals aimed at converting a portion of stocked-up gold and also new stocks of the metal flowing in to help the nation build highways, ports and other infrastructure.
“The objective is to induce fresh investment and convert existing gold holdings into investible bonds,” said the official.
The proposals, which are likely to be announced in the budget for 2012-13, include allowing infrastructure companies to issue five-year bonds with a unique structure. The capital investment will be protected, over and above which there will be an interest yield. The bonds may also carry the option being redeemed as physical gold.
Investment in such bonds will be eligible for tax breaks similar to those offered by bonds of infrastructure firms such as National Highways Authority of India, the official said.
India is the world’s bigget (sic) importer of gold, which is considered a strong collateral for cheap loans. Households use gold as a key parking avenue for their savings, often as jewellery.
“The annual pool of financial savings can potentially rise to $800 billion by 2020 and unlocking investments in non-productive assets into financial assets such as infrastructure bonds will be critical to exploit the pool of savings,” the official said. (via Govt mulls gold bonds for infra – Hindustan Times).
What gives
India’s traditional exports are good enough for all the gold imports that we need. Where are these ideas of ‘gold as a burden’ coming from.
Was ‘international advice’ behind Indian Government’s decision to increase customs duty on gold?
Related articles
- Peter Hambro: gold prices to surge as trust in currencies falls (rt.com)
- Gold surges to Rs 59,100 per tola (nation.com.pk)
- Gold Prices Pop Despite Firmer Dollar (thestreet.com)
- European gold: Sold? Pledged! Safe. (quicktake.wordpress.com)
- Gold Production of Turkey Jumps 43% in 2011 (ibtimes.com)
- Randgold profits soar on new gold projects (telegraph.co.uk)
- Strong Dollar Puts a Damper on Gold Prices (thestreet.com)
- Gold Prices Gain on China’s Buying Binge (thestreet.com)
Who will guard the guards?
Santosh Hegde ran protection money cartel as Karnataka Lokayukta, claims IPS officer
A senior police officer who was part of the Karnataka Lokayukta during Justice N. Santosh Hegde’s tenure has alleged that the watchdog was steeped in corruption.
In an interview to a Kannada daily, IPS officer Madhukar Shetty said: “The officers have formed a cartel to extract protection money from a particular department in return for a free run.” Shetty, who was the SP in the Lokayukta’s police wing during Hegde’s tenure, is now in the US on study leave for two years. (via http://indiatoday.intoday.in | Santosh Hegde ran protection money cartel as Karnataka Lokayukta, claims IPS officer).
Even if this is untrue
Even if these accusations are not true, this brings an important question to fore: Is more governance an answer to a corrupt system? So you put a Lokayukta on top of all the politicians – how do you ensure that he/she is not corrupt? In fact – as the IPS officer alleges, the Lokayutka was running his own “protection money racket.”
Pay me or else I will report you!
What India needs
Both Anuraag’s model of भारत-तंत्र Bharat-tantra or the Indic Triad of Freedom, presented in Operation Red Lotus, view Indic polity that makes freedom not governance as the basis for a political system. The question of who will guard the guards was answered by devolution of power, not concentration of power.
As long as India continues to embrace Desert Bloc models of top-down hierarchical systems of polity, questions such as “who will guard the guards” remain relevant.
Empty ideas
The proposed लोकपाल or a national Ombudsman will aggregate this power even further!
Will Anna Hazare look within India for answers or continue to be seduced by western models with Indian names?
Will Anna Hazare listen?
Related articles
- Karnataka Chief Minister to Quit (online.wsj.com)
- Will the Middle Class Stick by Team Anna? (india.blogs.nytimes.com)
- India’s Iron Ore Industry Is Called Graft-Ridden (nytimes.com)
- India Arrests Mining Baron (nytimes.com)
What do good Christians do? War, Kill, Death, Bomb, Fire
That evening, CNN reported that bombs were dropping in Afghanistan — and then updated the report to say they weren’t our bombs.
They should have been ours. I want them to be ours.
This is no time to be precious about locating the exact individuals directly involved in this particular terrorist attack. Those responsible include anyone anywhere in the world who smiled in response to the annihilation of patriots like Barbara Olson.
We don’t need long investigations of the forensic evidence to determine with scientific accuracy the person or persons who ordered this specific attack. We don’t need an “international coalition.” We don’t need a study on “terrorism.” We certainly didn’t need a congressional resolution condemning the attack this week.
The nation has been invaded by a fanatical, murderous cult. And we welcome them. We are so good and so pure we would never engage in discriminatory racial or “religious” profiling.
People who want our country destroyed live here, work for our airlines, and are submitted to the exact same airport shakedown as a lumberman from Idaho. This would be like having the Wehrmacht immigrate to America and work for our airlines during World War II. Except the Wehrmacht was not so bloodthirsty.
“All of our lives” don’t need to change, as they keep prattling on TV. Every single time there is a terrorist attack — or a plane crashes because of pilot error — Americans allow their rights to be contracted for no purpose whatsoever.
(Did those fabulous security procedures stop a single hijacker anyplace in America that day?)
Airports scrupulously apply the same laughably ineffective airport harassment to Suzy Chapstick as to Muslim hijackers. It is preposterous to assume every passenger is a potential crazed homicidal maniac. We know who the homicidal maniacs are. They are the ones cheering and dancing right now.
We should invade their countries, kill their leaders and convert them to Christianity. We weren’t punctilious about locating and punishing only Hitler and his top officers. We carpet-bombed German cities; we killed civilians. That’s war. And this is war. (via Ann Coulter on Barbara Olson on National Review Online).
Don’t worry … be happy
Ann Coulter is suggesting that USA must deal out War, Kill, Death, Bomb, Fire, Destruction to Muslim countries – without worrying who is getting killed.
Finally that is what happened.
‘Bad’ Muslims to ‘Good’ Christians
She is also suggesting that Muslims must be made into ‘good’ Christians – like she is. And then ‘bad’ Muslims like ‘good’ Christians will also indulge in War, Kill, Death, Bomb, Fire.
Since I am from a backward country, maybe I cannot see the ‘difference between ‘bad’ Muslims like Taimur Lenq, Mahmud Ghazni, Mohammed Ghori, Nadir Shah et al – and ‘good’ Christians like Churchill, Hitler, the Abbot of Citeaux, etc.
From the loony bin?
Ann Coulter is not a fringe writer – or non-representative. This post exposes the moral and ethical emptiness of the West.
This is such a delicious piece of low-writing. Full of venom, hate, anger, malice – and zero reason, logic. In fact, Ann Coulter does not have two thought to rub together.
Even if her life depended on it.
Related articles
- Ann Coulter: ‘Democrat Machine’ Behind Herman Cain Scandal (huffingtonpost.com)
- Ann Coulter Defends Her Claim That ‘Conservative Blacks Are Better Than Liberal Blacks’ [Video] (gawker.com)
- Eric Alterman: Think Again: Dowd, Not Coulter, ‘Falters’ (huffingtonpost.com)
The Public Story We Don’t Know About Secret Police That Controls Us
Deloitte & Touche, Ernst & Young, KPMG and PriceWaterhouseCoopers. They scour the books of 98 percent of American companies with revenue over $1 billion, according to the Government Accountability Office. On the Department of Justice’s preferred gauge of competitiveness, the Hirschman-Herfindahl Index, the industry qualifies as super consolidated.
If auditors aren’t raising rates in line with more laborious fact checking, that raises the question of whether corporate accounts are getting the full treatment they deserve. (via Enron’s worst legacy: auditors too big to fail | Features | Breakingviews).
National disaster
Super concentration of power. That is what this means.
With one law-breaker or law enforcer, for every 17 adult males, the US is a world leader. For the 70 million American males in the 18-60 years of age who are the predominant target; there are 17 apex American secret service agencies that track these 70 million people. The biggest secret service in the world, the largest prisoner population, in addition to one of the the largest police forces in the world, make US clearly a leader of the ‘Free’ World.
With scattered data, protected by legal secret classifications, figures are hard to come by. After two years of work, a recent report describes the US intelligence network that is
so large, so unwieldy and so secretive that no one knows how much money it costs, how many people it employs, how many programs exist. Some 1,271 government organizations and 1,931 private companies work on programs related to counterterrorism, homeland security and intelligence in about 10,000 locations across the United States.
An estimated 854,000 people, nearly 1.5 times as many people as live in Washington, D.C., hold top-secret security clearances. Every day across the United States, 854,000 civil servants, military personnel and private contractors with top-secret security clearances are scanned into offices protected by electromagnetic locks, retinal cameras and fortified walls that eavesdropping equipment cannot penetrate.
The U.S. intelligence budget is vast, publicly announced last year as $75 billion, 21/2 times the size it was on Sept. 10, 2001. But the figure doesn’t include many military activities or domestic counterterrorism programs. With the quick infusion of money, military and intelligence agencies multiplied. Twenty-four organizations were created by the end of 2001, including the Office of Homeland Security and the Foreign Terrorist Asset Tracking Task Force. In 2002, 37 more were created to track weapons of mass destruction, collect threat tips and coordinate the new focus on counterterrorism. That was followed the next year by 36 new organizations; and 26 after that; and 31 more; and 32 more; and 20 or more each in 2007, 2008 and 2009.
At the recommendation of the bipartisan 9/11 Commission, the George W. Bush administration and Congress decided to create an agency in 2004 with overarching responsibilities called the Office of the Director of National Intelligence (ODNI) to bring the colossal effort under control. 51 federal organizations and military commands, operating in 15 U.S. cities, track the flow of money to and from terrorist networks. Analysts who make sense of documents and conversations obtained by foreign and domestic spying share their judgment by publishing 50,000 intelligence reports each year.
Only a handful of senior officials – called Super Users – have the ability to even know about all the department’s activities. But as two of the Super Users indicated in interviews, there is simply no way they can keep up with the nation’s most sensitive work.
International Threat
The US Government carries out more assassinations, covert operations, killings and bombings than by any other regime, military, terrorist – or even a criminal group.
In more than 50 countries in any month – actually, a figure of 120 countries is being waved around.
Never in Soviet history were there more than 4 secret service agencies in the USSR. Today the US has 17 agencies form what the US calls Intelligence Community. A large rainbow of agencies – CIA FBI, NSA, DEA, DOE, Bureau of ATF, DIA, NRO, NIMA, CTC. NPC. INR. DOE Intel., Army Intelligence et al litter the global scene. Some US Govt. cables, from Wikileaks, quoted US Defence Secretary, Robert Gates on Russia as an “oligarchy run by the security services”.
Going by above data, it would be easier, to describe the USA, using those words.
So much power – in so few hands
2 million people in US prisons. Human beings. All of them. US has more human beings than animals in captivity. More than in any dictatorship. More surveillance cameras and telephone tapping in the US, Britain and Europe than in any dictatorship in the world.
Over the last 25 years, Governments have spent huge amounts of money to intrude and monitor its population. Millions of CCTV cameras monitor people all over the world. Facial recognition software can ‘see-through’ modifications like spectacles, beards, wigs, changes in hairstyle, etc.
In Britain alone, as per count of few years ago, 60 million subjects are tracked by 1.5 million closed-circuit television cameras. In the USA, there are an estimated 30,000 people, who are listening to phone conversations.
Control Over Media
Global media is dominated by a few news agencies like Reuters, Bloomberg, API, and AFP. These agencies in turn are fed by various think tanks and research organizations, which then dominate global debate. In the last few years, top 10 websites control 75% of the web traffic. Hollywood dominates the big screen. Organizations like Google monitor every click on your computer– which is available to any determined bureaucrat. If not easily, with some difficulty.In today’s age, censorship is usually not the answer. More noise is equally effective.
View from Germany
The German magazine, Der Spiegel, in a recent posts analyzed the US situation.
Nearly two-thirds of net private assets are concentrated in the hands of 5 percent of Americans. In comparison, the upper 5 percent of Germany hold less than half of net assets. In 2009 alone, at the same time as the US was being convulsed by mass layoffs, the number of millionaires in the country skyrocketed.
Indeed, if you look at the reports it compiles on every country in the world, even the CIA has concluded that wealth disparity is greater in the US than in Tunisia or Egypt.
A New ‘Gilded Age’
In a book published in 2010, American political scientists Jacob Hacker and Paul Pierson discuss how this “hyperconcentration of economic gains at the top” also existed in the United States in the early 20th century, when industrial magnates — such as John D. Rockefeller, Andrew Carnegie and J. P. Morgan — dominated the upper stratum of society and held the country firmly in their grip for years.
Writer Mark Twain coined the phrase “the Gilded Age” to describe that period of rapid growth, a time when the dazzling exterior of American life actually concealed mass unemployment, poverty and a society ripped in two.
Economists and political scientists believe the US has entered a new Gilded Age, a period of systematic inequality dominated by a new class of super-rich. (via The Second Gilded Age: Has America Become an Oligarchy? – SPIEGEL ONLINE – News – International).
If the difference in US and German terminology is standardized, Germany is no better than USA.
Now …
Combine this power with the less than 5,000 politicians who control the Government; the 50,000 businessmen who control the 2500 biggest corporations, the 25,000 academics who control national thought streams – and then the enormity of the model becomes numbing.
And the Maya माया of it all takes over.
Ghor maya – घोर माया.
Related articles
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- The Maya of Pandemics (quicktake.wordpress.com)
- Now White House collecting your personal info (wnd.com)
- King accuses White House of leaking secret order to aid Syrian rebels (examiner.com)
- Op-Ed Columnist: The Leak Police (nytimes.com)
Shallow Tanks
More State
Shri Acorn suggests more role for the State – and its enforcement mechanisms! When queried, no reply at all.
It has become a mental habit in India to criticize politicians, even when they are right. The concerned MP is right – and our Pragati प्रगति man is all wrong. He is going the विगति way.
Are these the kind of Think Tanks that we are getting? They seem to be more of Tinker Tanks.
Useless laws
The Section 498A which deals with dowry-related crimes, has now completely lost credibility – with false complainant to victim ratio of nearly 1:20. Possibly the best ‘example’ of post-colonial legal thinking in India is the Section 498. A retributive, revengeful law (patterned on Western legal models) is now undermining the very structure of Indian society – marriage. Section 498 has has taken away marriages from the social domain into the legal sphere.
Laws that harass
Instead of poor women, that it was supposed to help, Section 498A has been used by well-to-do women vindictively, due to marital estrangements. From being contributory, accommodating, religious and life long, Indian marriage system is becoming extractive, adversarial, contractual, legal and short term.
Men are evil
A ‘progressive’ and ‘free’ India has decided that men are evil – especially husbands. It has enacted discriminatory laws, which lay the burden of proof on husbands and their families, including women, on the basis of a wife’s complaint. Considering the disproportionate amount of NGO activism on this law, it raises questions about the motives and funding of these NGOs. In case you have not already guessed, the biggest source of funding for these NGOs is the West.
Some more gems
By the way, Shri Acorn does not reply to trolls. On Twitter, critics and disagreement is trolling.
Related articles
- Sexual Equations in Bharattantra (2ndlook.wordpress.com)
- Confused Pragmatic (quicktake.wordpress.com)
- Democracy – How Think tanks shape policy making (quicktake.wordpress.com)
- Missionaries of ‘Progress’ (quicktake.wordpress.com)
Debt Crisis in The Third World
The Debt Crisis: An Overview
Modern day international usury is, of course, much more complex than the more primitive relation we have just presented. Total Third World debt amounts to USD2 trillion; annual payments is about USD 200million. The system of debts has evolved into a key aspect of the capitalist economy; a weapon for consolidating the domination of the people’s of the Third World. In many ways, the debt today is a weapon more potent than others devised by colonialism and neo-colonialism.
It is institutionalized to a very high degree, is regulated by a massive bureaucracy of the multilateral finance institutions; and backed up by the military might of the mightiest nations on earth. Worse the burden of paying debts is passed on to society in general as a routinary process. (via South South Summit 1999 Document: The Development and Historical Context of the Debt Crisis).
Pareto’s Economics
The previous post examined the debt situation of the West.
Since the global financial system is a Western captive, humungous debts are arranged, serviced, cancelled, written-off, repaid – without significant discomfort. Gross debt of the West is US$ 100 trillion (State; Corporate and Household); while the States of West are debtor to the extent of US$ 30 trillion; which is nearly 40% of global GDP.
Finally, the debt problem will be managed. Many ways to skin a cat.
But …
US$2 trillion debt that is owed by the developing world will be used to extract maximum benefit – at lowest prices. Raw materials will be bought at below-low prices. Imports will be priced at exorbitantly.
The answer is …
Two-fold. At an individual level, invest and stay invested in gold. At a national level, the developing world must create a multilateral framework for a third currency.
Related articles
- German foreign minister hits out at US over debt crisis (telegraph.co.uk)
- G-20 finance chiefs meet on debt crisis, economy (seattletimes.nwsource.com)
- Osborne presses Eurozone leaders (independent.co.uk)
- The U.S. Debt Limit (quicktake.wordpress.com)
- Germany: Banks to take bigger losses on Greek debt (sfgate.com)
- We need a global army of tax collectors (theglobeandmail.com)
- Central Banks Selling Most U.S. Bonds Since 2007 No Rally Killer (businessweek.com)
- West – Developed & Deep in Debt (quicktake.wordpress.com)
- An Imperfect Union: Europe’s debt crisis (cbsnews.com)
- IMF funds drive caught in global power shift (firstpost.com)
- Is the European debt crisis still a threat to U.S. stocks? (usatoday.com)
The Leader Of The Free World …
After putting two million people in jail and behind bars, I would imagine, The US of A, would have had enough. Apparently not.

Will one more make a difference? (Cartoon by Steve Greenberg; courtesy - cartoonstock.com). Click for source image.
There is something to this
The Leader of The Free World, The USA, has the largest prison population in the world.
Just why do so many people need to be in prison?
Just why does this Land of the Free have so much crime?
Why is the Leader of The Free World also the global capital of drug addicts?
Why does have the highest per-capita of prostitutes in the world?
With two million people in jail, the largest prison population in the world, law authorities would be reluctant to add more prisoners. The US of A would have had enough, one would think.

(Cartoon courtesy - http://www.bvblackspin.com; other credits embedded). Click for larger image.
After spending 10 months in custody for a drug conviction rapper T.I headed straight back to jail, last night. The 30-year-old star was taken back into federal custody after he was transported in a luxury tour bus.
Cameras were recording the rapper as he was traveling to southern state as part of a documentary he is filming for VH1, which will chronicle his comeback from his prison time. According to authorities, inmates still under custody in low or medium security are allowed to travel in transport without an escort from prison to halfway houses, but they must specify what type of vehicle they will be using.
According to reports, T.I. did not disclose the exact nature of his method of transport, mentioning to officials he was traveling in a van instead of a party bus.
Meanwhile, the rapper’s wife Tameka ‘Tiny’ Cottle, has been left furious about the situation, and told that police officials knew about her husband’s mode of transport and even posed for pictures with the rapper in front of the bus.
She said that they: ‘Walked him over, took pics and told him good luck in life.’. She believes that they should have said something before he left the Arkansas prison. ‘This is a bunch of bulls**t … they should have said something before he got on the bus … T.I. would have politely gotten into a van,’ she said. (via Rapper T.I. heads back to prison just one day after his release… following a trip to a halfway house on a luxury tour bus | Mail Online).

Image courtesy - http://www.freedomsphoenix.com
Did Rapper TI have to go back to jail for taking a ‘bus’ instead of a ‘van’? There is more to this.
Much more.
Related articles
- The Same Day as His Prison Release, T.I. Put Back Into Federal Custody (newsfeed.time.com)
- T.I. back in prison after luxury-bus ride to halfway house (latimesblogs.latimes.com)