Thursday 25 August 2022

INDIA IS IN A GOOD PLACE


India is in a good place! This guy below,  has no need to lecture us on what our past glories meant for the other side of the transaction. On the contrary, we left India with superior governance.

America invited India into its World Order, but India held back. Even though America offeted start-up capital, its home market and guaranteed the supply routes.

But while holding back means India chose to be a laggard, it also means any collapse of the American Order wont worry India - cf China.

India's present woes are its choice, but India is well placed for the future. It is one of only a dozen countries with good demographics (under 40s). It is also geographically ok as it is able to command access to Middle East oil.

Plus if the US is withdrawing into isolation, there'll be no world hegemon, and India is likely to be the Regional Hegemon once China dies off.

And finally, what is this about "condescending"? Does he mean White Supremacy again (yawn). White Superiority is a better word and he feels condescended towards, that would be his justified inferiority complex!

https://youtu.be/Sj_ficQFz1o

Ah, are we talking about white supremacy here? White superiority (better word) is why Indians with their (justified) inferiority complex complained we are "condescending".

And anyway, who is lecturing who here?

Let's take a closer look ... India was the jewel in the empire: we took a lot, yes, we left them a lot as well - a whole new way to govern, not just the railways. Singapore isn't complaining, so why are the Indians?.

After independence, they never really joined the new American Order. It was better than the British in the sense that it provided not only capital to develop their resources further - incl human capital - but also markets for their goods if they wanted; and - and here's the difference - security on the global routes. As well as a universal and convenient currency for transactions and in which to store their savings.

But they hung back from joining (cf China after 1979) and now they blame us for their backwardness! You can see this if you compare the value of imports n exports with GDP - it is 20th in the G20.

He makes some very valid points though. America's disproportionate use of energy. The West outsourcing production and complaining the third world causes global pollution.

But as to forgetting the future and clueing into present needs. India has a great future.. .

If you believe the American Order is falling apart, then India not having joined in the first place means it's ok. Compare with China - if America withdraws, China is in deep trouble.

Demographics is in India's favour. The under-40s in a country are cheap semi-educated, they man the factories and army and fields; and they consume for cars, new families and houses. 

Cf countries who fought in WW2. The soldiers came home, the economy took off, the Great & Silent Generations created the fat and numerous Boomer generation, who created Millenials, a thin generation in number terms. The boomers were the middle class market for China. There are not enough millenials to consume all that can be produced. Nor enough to pick the fields or take care the elderly. 

At age 40+ however, they start saving and tucking away in ever-more-exotic destinations...like third-world govt debt and stock markets and even the Nifty Fifty. Then at age 65, they pull it all back, put it into safe (dollar) home-based assets eg me in value / divi shares for the future; and now we run down our savings on holidays, gadgets, netflix, house renovations and women ha ha.  

India, though, has a fat demographic of young people, it is one of only at most a dozen such countries. So it can produce and being more on its own, it can consume what it produces. Compare this with Europe, Russia and China - all aging fast, especially China.

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