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Showing posts from December, 2008

Suddenly Vulnerable: Chinese and Indian Economy

Dec 11th 2008 From The Economist print edition Asia's two big beasts are shivering. India's economy is weaker, but China's leaders have more to fear THE speed with which clouds of economic gloom and even despair have gathered over the global economy has been startling everywhere. But the change has been especially sudden in the world's two most populous countries: China and India. Until quite recently, the world's fastest-growing big economies both felt themselves largely immune from the contagion afflicting the rich world. Optimists even hoped that these huge emerging markets might provide the engines that could pull the world out of recession. Now some fear the reverse: that the global downturn is going to drag China and India down with it, bringing massive unemployment to two countries that are, for all their success, still poor—India is home to some two-fifths of the world's malnourished children. The pessimism may be overdone. These are sti...

Start singing, dancing and rejoicing, Speaking Tree, TOI 11 Dec 08

Time is short. Dance, sing, be joyous! If there were no nuclear destruction possible, no threat, you could have postponed. You could have said, "Tomorrow we will dance." But now there may be no tomorrow; you cannot postpone. This is for the first time that tomorrow is absolutely doubtful for all. Individually it is always doubtful: tomorrow may never come, even the next breath may not come in. Individually death is always imminent, but this time it is something global, universal. The whole earth may disappear, may explode. You can cry and weep and you can beat your head against the wall; that will not stop nuclear destruction and its threat. In fact, it may bring it closer and faster because sad people, miserable people, are dangerous people. Misery creates destructiveness. Politicians have enough atomic energy piled up to destroy this earth not only once but several hundred times. If the whole of humanity can start dancing, rejoicing, feasting ^ seeing that the threat...