The Once and Future Kingdom ...

Just as the legend grew, so did the empire; yet fall did come swift, once the legend showed mortal weakness. There was no Merlyn to guide the economy beyond what it could have achieved, upon its soaring hopes and hollow growth, upon the timid ideals and flaccid zeal. Growth is worth only to the extent of its depth. A tree grows tall and strong only so long as its roots grow wide and deep; lest it stays a climber, ever so dependent upon an and any external support. I am reminded of the Gandhian dream of village as the centre of growth. Unless we are self-reliant, we will always rely on others for our growth and prosperity. What is sad is that this nation, this land has nothing we can not create into wealth and fuel our growth and prosperity. Scientific knowledge used merely for reducing the western cost of production, economic understanding only to fuel the desire of FII driven speculative "growth" and legal knowledge only used for the quelling of rights of our own, instead of upholding the unity and collective rights and growth of all men under the same flag.

But no one heard, and here we are at the twilight of our once "future kingdom" ... whether this twilight is of the setting glory or of the rising new hope, is yet to be seen, and is only in our own hands.



Reference:

Boom to gloom: Indian economy saw it all in 2008

Bailout racism or British ego?!

I wonder what it is? But it certainly is nothing to do with any economic rationale that the US is following. Saving banks was easy for the UK, yet Indian subsidiaries in the UK struggled without even a helping hand or even less any attention towards their rescue.

It was not long ago when UK intended to politically oppose the TATA takeover of the "British icons", yes today they refuse to extend any help; am I just seeing economic prudence by British politicians or is it just that the "Raj" has still not been able to digest the fact of the white man working for the brown man?!


References:

Mandelson downplays Jaguar rescue

Tata must arrange own resources for JLR: Mandelson

Government must not bail out every industry in trouble

Tata runs over critics with JLR buy

... am no fortunate son.

Stratfor is a name that would be one of many to be heard from now on.

The Reason: A NEED TO END THIS RECESSION.

Students of history and economics would recall the way and manner in which the Great Depression of the 1920s and 30s ended. Yes, by the start of a war that would employ many, and be funded by governments and supplied with weapons by private corporations. Demand rose as employment was created in the war machine.

The recent Mumbai attacks at the citadels of wealth have been aptly garbed under the color of nationality, clearly ignoring the fact of internal weakness of India and its ever so weakening political harmony and fraternity among its citizens. Provokes by the US, EU, UK and many other countries, it is not less evident that these two neighbors are being pushed to the brink of a war that may prove a source of livelihood for many corporations and not to mention that it may just help eliminate many hungry and unemployed people and thereby set the demand and supply equilibrium back on course to "growth".

Every once in awhile there spreads a forest fire to once again wipe the slate clean, as destruction lays clear the path to a new beginning, more so to clear the land of burdensome educated ever so demanding youth of today!!!


References:

Military strike on Pak? US company says India ready

One hand giveth ... the other hand taketh away...

So here we are ... wondering whether the prices would go up or down, whether fuel would be cheaper, or our electricity bill slimmer. Who knows, we are but at the hands of the almighty ... Government, is it for us or we for it. Energy, infrastructure and manufacturing would be hit. So how does this compare with reducing inflation, or in as much as even an attempt at reducing it‽


References:

Government unveils stimulus package

Railway hikes freight rates for cement, coal & coke

Rail freight rate hike derails benefits of excise duty cuts

Sensex pares gains, ends up 197pts

Fuel the fire ...

Fuel the fire ... enough to heat, inadequate to burn.

What will we do with so many new IITs, IIMs and Law Schools when we can not quench the thirst of a few. Rightly so, there is only one Harvard Business School, one NYU School of Law and one MIT. Hope NID, Ahmedabad learns a lesson and refrains from expansion. The curve is no more exponential in the right direction.

Reference:

Techies get 4 days to join Wipro BPO