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Importing a ‘Made-in-America’ crisis

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    • Sudheendra Kulkarni Tags : global financial crisis Posted: Sunday , Oct 19, 2008 at 0000 hrs

    It is high time we Indians reflected on the negative consequences of being excessively influenced by ‘Made-in-America’ concepts, either in economic development or national security. It is also high time we rediscovered India’s own national wisdom in doing business and statecraft, guided by our own goals, priorities and ideals.

    sudheenkulkarni@gmail.com

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    Importing a made in America CrisisBy: KJPATEL | 19-Oct-2008 Reply | Forward If anyone is interested in figuring out how much is a trillion here is Mir Ali Hussain writing in OutLook explains: As figures keep getting tossed around, one begins to suffer from number fatigue. How does one make sense of these large values? Here’s one way to imagine a trillion dollars. Let’s say you have a magic machine that spits out a $100 bill every second, all day and all night long. In the first minute, you’d have $6,000. In the first hour, $360,000. In the first 24-hour day, you will possess more than $8.6 million. A year later, you’ll have a little more than $3.15 billion. In other words, it will take you and your machine more than 317 years to produce a trillion dollars.
    Importing Made in America crisisBy: KJPATEL | 19-Oct-2008 Reply | Forward Mir Ali Hussain writing in Outlook gives an example of how such a large number is made to come to life for our understanding. As figures keep getting tossed around, one begins to suffer from number fatigue. How does one make sense of these large values? Here’s one way to imagine a trillion dollars. Let’s say you have a magic machine that spits out a $100 bill every second, all day and all night long. In the first minute, you’d have $6,000. In the first hour, $360,000. In the first 24-hour day, you will possess more than $8.6 million. A year later, you’ll have a little more than $3.15 billion. In other words, it will take you and your machine more than 317 years to produce a trillion dollars.
    Concealing the Whole TruthBy: Alankar JNU | 19-Oct-2008 Reply | Forward It would have looked a more comprehensive and complete piece had Kulkarni mentioned that after starting with the devastating Manmohanomics in early 1990s how Vajpayee-Advani led NDA rule had rigorously paced India's ugly pursuit of the 'American Dream'. Does the author feel Indians have forgotten that 'India Shining' was all out a BJP campaign to sell vigorously India's hot pursuit of American-like false prosperity? He also fails to mention how Left rulers like CPI-CPM through TATAs are shamelessly on the same path of selling American dream to Indians of owning a car just for luxury rather than utility, especially amongst Indian lower middle class in shape of NANO the Rs 1 Lakh car. Anyways, one did not expect from author Kulkarni a speech-writer of Advani to be so truly candid. The article seems another exercise to ensure that an unfruitful blame game exercise continues in people's mind regarding choice of political masters from the same corrupt, immoral, rotten and pro-rich lobby
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