A Message to Dear Mr.
President Obama…who visited and left a lot to be desired
It could have been a visit, which could have
discussed some great possibilities, like reverse migration, which in a global
world, should happen, if we all are, anywhere near or moving close, to be a
Global Economic Fraternity, which will spreads its wing all over the globe and
conquer, worlds beyond, and not just limit itself to, a planet called, Earth.
US consumption credit
driven consumption will not last forever as can be seen in many European
countries faltering on mounting debt, both internal and external, and it needs
to find ways to improve productivity (to some extent technology driven
productivity helps), improve penetration in already accessible markets, find
new markets, adopt some austerity measures itself rather than advising others
and also export its entrepreneurship culture along with its manufacturing hubs
to friendly or neutral countries.
US also need to
recognize that it can not be parenting, policing or punishing the world, as and
when it pleases to. It has to accommodate and make way for rising countries
just like intelligent parents make way once their children grow up, stop
interfering in all the matters and allow children to carve a path of their own,
even if it is not, what they thought or wanted their children to pursue. A
friend, in the long run, will turn out to be a far better resource, than a
child being nurtured all the way.
Dollar as a currency
still dominates and EURO, Yen or Yuan are still struggling to be the trade
currency choice but the day is not far when economic leadership will become far
more powerful than political, military or cultural leadership. Then, we may see
formation of tightly knit “Global Economic Zones” where barter and not
the currency will rule.
Having said that US has
many positives, a resilient economy (and the largest still), highly advanced
technological capabilities in many areas if not all, a very liberal culture,
great entrepreneurship oriented workforce and a melting pot of intelligence, if
not wisdom, from all over the world.
There were huge
expectation from Obama - first Afro-American, Harvard educated, supposedly a
no-nonsense reformist leader, when he became president, who had nothing to lose
but had an opportunity to usher in a new era in the world and may be even take
all into a new orbit, in the space – the final frontier. It turns out that he
is just another colored politician, whose colors now have been washed away with
heavy rains, marking him as just a black man and not the Martin
Luther King, so many had expected, had reborn.
It will be wise of him,
now that expectation from him have worn away, to bring in some dramatic changes
in the world, while he still has a year left and walk the real talk than
making promises he has not the capability to deliver anymore. If he can do so
and adopt certain suggestion being advanced by well wishing friends, and I
count as India one of them, he can still rise from the ashes, and make America
once again what it stood for and the world a close community, he will go down
in the pages of history, as the proverbial black gold and not just as the eagle
,which only once soared so high in the sky, that it burnt its feathers in the
super shining Sun and fell back to from where it had once taken the flight to
soar high, forever.
rajnishkhare@gmail.com
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