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Showing posts from November, 2011

20 years of the last century's greatest tragedy!

Growing up in a Bengali neighborhood, in Delhi's C.R.Park, meant even at an early age of ten, there were friends who knew the basic difference between capitalism and communism, and had clear-cut preferences! Of course, these preferences would be heavily influenced by their parents! And my father is perhaps the only Indian who did a full fledged Master’s Degree in National Economic Planning from an erstwhile communist nation, the erstwhile East Germany. Needless to say, my first story books were on Lenin's life and I had been totally charmed by him into believing in the positive aspects of communism, and till date remain so. And on the giant world map that hung in front of his study table, the country that I heard and studied most about till I passed out of my school in 1989 was a country many of my readers today aren't even aware of! A country called the Union of Soviet Socialist Republics! Ruled by leaders who followed and most importantly understood to a large extent the

The beginning of a massive European collapse and the Italian case!

The cracks are already visible all across Europe. It was first Greece, then Portugal and Italy, with Spain waiting in the queue. The current situation of Europe reminds me of the situation post World War II – wherein most European economies and societies were in complete anarchy! Since the last five years, European nations have been facing major economic setbacks, which have been triggered by political mismanagement and have impacted their entire social structure to a large extent. Today, fallouts of erstwhile strong economies are leading to a cascading effect and sending tremors across the continent! Amongst all of them, Italy makes an interesting case because as a nation, it has been ranked among the top 25 most developed nations, has one of the best quality-of-life (features among the top ten in the quality-of-life index) and has a per capita GDP at par with other developed nations of the world. This fourth largest European economy is today struggling with a $2.2 trillion debt whic

If we want a poverty-free India, every Indian politician must begin their career with a trip to China!

When I went to China a decade back, what I saw hit me very hard. I felt that if all of us in Delhi were to work 24x7 for 25 years, it would still be tough to convert Delhi into Beijing. That’s the China I was expecting to see when I went there again last month. What I saw instead was an extra 25 years of growth in the last 10 years!!! If ten years back, there were gigantic roads but less cars, this time the roads were filled with American cars; brands which American companies haven’t even cared to launch in India! If the last time I saw high-rise buildings, then this time I saw ten times more of them! If the last time I was amazed with Beijing, then this time I realized that we couldn’t even become Guangzhou if we worked 24x7 for the next 50 years. I believe that every Indian politician must have a visit to China as a mandatory part of his induction process into the Parliament (especially the Communists of India who have also so shamefully cheated their respective states year after yea

7 billion people and the resource crunch! Who is the real culprit?

A few days back, the world population touched the 7 billion mark. No wonder the debate has gained momentum about how this growing population would put unprecedented pressure on already scare resources. The riots over food (in Egypt), water crisis and deaths due to curable diseases in developing countries have raised concerns over the population explosion. With the 7 billionth living child hailing from a country like India (and some other nations, symbolically chosen by the UN), the blame of populating the world and causing the global crisis is being shifted back to the developing nations and citizens of the Third World! But then, the moot question is – is the earth really not ready for 7 billion people and is nature really stretched for generating resources for all? Are the citizens of developing nations consuming more and is the population expansion in these countries the real reason behind the growing resource crunch? Last year in August, Obama blamed India and China for the global