NAM –India striking its neutralism
I hardly derive admiration for a communist. But communism is one topic that can shake anybody’s will. People who preach or follow communism are always very erudite thinkers. They don’t get carried away by the misleading optimism that is present both in a society and economy. They always predict and warn about a imminent defects of a cosmopolitan society and economy. I am drawing so much praise for communism after following closely a person and his ideologies. This person when he met our prime minister a few days back said few words which need to be closely assimilated and thought about.
“The financial system was faced with uncertainty with countries like the United States absorbing the bulk of the world's savings”
I remember Sudharsan of RSS also say this a while back. The world is investing a lot of its wealth in US treasury without thinking how US economy would transpire. The US economy is already reeling under some mighty Current account deficit. What if the deficit becomes unmanageable? What if the currency weakens? It would be counter productive for every other economy and particularly the Asian countries like Japan,China and India which have a major chuck of their Forex reserves in Uncle Sam’s kitty!
The Asian economies should stop supporting the US fiasco at large. The economies need to be insulated from a possible American depression influence. In the current scenario it seems like the Asian economy will just slither like a pack of cards in case an American downfall happens. And this is exactly what, the great thinker Fidel Castro is hinting at. Food for thought :)
Hats off to India for striking its neutralism and participating in dialogues with countries like Cuba, which always hated American Hegemony!
I hardly derive admiration for a communist. But communism is one topic that can shake anybody’s will. People who preach or follow communism are always very erudite thinkers. They don’t get carried away by the misleading optimism that is present both in a society and economy. They always predict and warn about a imminent defects of a cosmopolitan society and economy. I am drawing so much praise for communism after following closely a person and his ideologies. This person when he met our prime minister a few days back said few words which need to be closely assimilated and thought about.
“The financial system was faced with uncertainty with countries like the United States absorbing the bulk of the world's savings”
I remember Sudharsan of RSS also say this a while back. The world is investing a lot of its wealth in US treasury without thinking how US economy would transpire. The US economy is already reeling under some mighty Current account deficit. What if the deficit becomes unmanageable? What if the currency weakens? It would be counter productive for every other economy and particularly the Asian countries like Japan,China and India which have a major chuck of their Forex reserves in Uncle Sam’s kitty!
The Asian economies should stop supporting the US fiasco at large. The economies need to be insulated from a possible American depression influence. In the current scenario it seems like the Asian economy will just slither like a pack of cards in case an American downfall happens. And this is exactly what, the great thinker Fidel Castro is hinting at. Food for thought :)
Hats off to India for striking its neutralism and participating in dialogues with countries like Cuba, which always hated American Hegemony!
I would intensively follow this topic in my future blogs….
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