A train of thoughts and writings on development, technology and the economy focusing on the socio-techno-economic-cultural surge of developing economies to regain and partake in leadership of the world. Written by George Easaw, member of the faculty of Business Administration of Allliance University, Bangalore, India. (This is purely an academic site, no commercial use is allowed. Photography rights lie with the respective organisations). Mention credits as needed.
Tuesday, June 30, 2009
Friday, June 26, 2009
Stimulus package
| It is the month of August, on the shores of the black Sea. It is raining, and the little town looks totally deserted. It is tough times, everybody is in debt, and everybody lives on credit. Suddenly, a rich tourist comes to town. He enters the only hotel, lays a 100 Euro note on the reception counter, and goes to inspect the rooms upstairs in order to pick one. The hotel proprietor takes the 100 Euro note and runs to pay his debt to the butcher. The Butcher takes the 100 Euro note, and runs to pay his debt to the pig grower. The pig grower takes the 100 Euro note, and runs to pay his debt to the supplier of his feed and fuel. The supplier of feed and fuel takes the 100 Euro note and runs to pay his debt to the town's prostitute that in these hard times, gave her 'services' on credit. The hooker runs to the hotel, and pays off her debt with the 100 Euro note to the hotel proprietor to pay for the rooms that she rented when she brought her clients there. The hotel proprietor then lays the 100 Euro note back on the counter so that the rich tourist will not suspect anything. At that moment, the rich tourist comes down after inspecting the rooms, and takes his 100 Euro note, after saying that he did not like any of the rooms, and leaves town. No one earned anything. However, the whole town is now without debt, and looks to the future with a lot of optimism. And that, ladies and gentlemen, is how the United States Government is doing business today. Taking from one, giving to the other and getting it back finally with the Govt. |
Thursday, June 25, 2009
What is good for GM is good for America ...
These were the words of the GM CEO , Charlie Wilson 1955..
Someone rephrased itin 2009 like this, what is true for GM is true for America ... We have started seeing this ...World Bank is banking on the economic activity in India and China to salvage world growth ..
Mahindra, Nano, Jaguar and other Indian brands are invading US .. Airbus released its first China made plane yday. Very soon we will see Boeing being overtaken by Indian companies..
An average Pakistan citizen is indebted to a tune of $ 350 . ie. the Govt has to pay back so much of loans.. As early as 2015, each US citizen will be indebted by $ 50,000, if the present economic revival and controlled bankruptcy plans are taken to fruition.. If the Americans use at least a fraction of the common sense, forget intelligence (!, sorry, I do not know..), they will start living sensibly than be wiped out from the surface of the Earth or overrun ....
Prez Obama was too quick to remind the Iranian Govt not to crush the people's right to protest.. Probably, he does not recollect the existence of China.. Sorry , he dare not recollect ..
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George Easaw
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George Easaw
Tuesday, June 23, 2009
Karat's double role ...
Prakash Karat, the General Secretary of CPM in India, is a man being questioned for his idiotic demeanour and double standards these days.. Maybe he has failed to see that the common man has become more sensible and can distinguish conmanship from sincerity..
Ban VHP and engage Maoists .. Both VHP and Maoists are terrorist organisations. In the former it is terrorists of the communal kind and Maoists are terrorists of the guerrilla variety. Is there any difference between the two ..
The above statement has exposed the double standards of Karat and his dying political grouping of insane and dead ideology..
The Left Front which has taken the decision is not ruling WB. It is a just a group of jokers who meet frequently in Kolkata and at other places to discuss strategies to perpetuate the Left rule in WB. The rise of Mamata Banerjee is a real threat to their goonda rule of WB, which they know..
Not having even an iota of influence in Delhi to influence political thinking is a great weakness for the Left this time..
How will they bulldoze their way through this time ??
Monday, June 22, 2009
Inclusive Hindutva, what does that mean ??
http://blogs.expressindia.com/showblogdetails.php?contentid=352065
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George ..
Even Infosys' Murthy wants the budget to focus on Inclusive growth.
Perhaps that may be the reason why BJP has thought of prefixing that word with its Hindutva phrase, obviously with political ambitions.. Hindutva not only for the upper caste, but also for the less privileged and downtrodden in the society.. A group which it has not been focusing on earlier. A very neat and expert maneouvre by whoever in BJP, to aim for larger vote share, in the next elections, after it found the Ram temple not giving as much dividends .. a case of decreasing marginal returns...
BJP having realised that it needs to find means and ways to hoodwink the electorate yet again, is looking for ideas like this to revive its lost glory !! Can someone help ??
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George ..
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