Sunday Posts

China and India stepped back from the brink, at least for the moment. But the flare-up in June - and indeed the ongoing tensions - has strained relationships and nudged India closer to the United States. But, not many people in India would readily buy the argument that India should become a member of the Quad (a grouping of United States, Japan, India and Australia for the control of Indo-Pacific) to face-off China. For them, it really means Indian lives and India's prosperity are put in the line for containing China. Despite all the public outrage at China's misbehaviour and even with all the forthcoming bollywood fare trashing China, that would be a hard sell in India. Indian leaders, despite their almost pagan love for spectacles, are realists. Even though they sell to the public India's impending great power status, they are well aware of the constraints that India's divided polity, widespread poverty and lack of productive manpower impose. For all the transformativ...

It seems that the Chinese economy is coming to a screeching halt! If the latest growth figures indicate a trend, it seems that all that public debt/investment-fuelled growth on steroids that China enjoyed for over three decades is now due for a payback time, and there is little to show for it. Now, one has to pronounce judgements on this with caution. The collapse of China has been predicted and proved decisively wrong, before. China is not a fragile twentieth-century variety of a nation, as some in Eastern Europe were, but millennia-old civilization with a distinctive culture and polity: It is unlikely to wither away for the lack of growth. Besides, it is fair to assume that the Chinese leadership were long preparing for such a possibility. China had, over the last two decades at least, a curse of the surplus - it was hoarding up US Dollars as it did not know what to do with the huge trade imbalance in its favour - and it has been steadily exporting that surplus in the for...

This is a bit of Washington-speak I picked up from watching the news: It basically means that the American strategy for world dominion, shall we say world peace, have changed its focus to Asia. The Cold War is well and truly over, and despite its vast nuclear arsenal and apparent ambitions, Russia is no longer considered a threat. The American military personnel and arsenal would now shift to Asia, particularly East Asia, where the Chinese presents the biggest threat to the current world order, one of American hegemony. Or, at least that's the plan.  Indeed, despite the professed Asian pivot, very little has actually happened on the ground. The United States has started withdrawing troops from Iraq and Afghanistan, as well as Europe, but they have mostly gone home. The American military may have the biggest budget in the world, but they may have been over-reaching, not in terms of technology or military prowess, but in terms of willingness to engage all over the world and to b...