Comments by vinayaksathe

What is the propriety of imposing carbon tax. That is not going to reduce emission. Even European airlines will pay the tax with money printed by their nations under guise of pleasing voters. Finally - growth means more carbon emission even when you use more efficient cars or planes. P in GDP stands for pollution.

Chaos is what NATO wanted and has got. NATO will support regime so long as oilfields are under their control. The regime needs arms - a ready market for NATO members. Imperialism is revisiting. It will be interesting to see what China does. It is making entry in sub-Saharan Africa.

Third Industrial Revolution does not care for socialists. The Beneficiaries of that revolution will be similar to Robber barons of the First revolution. They had no need of artisans. But in those days, the artisans and disposesed could be sent to empires or wild west. That option is no more. We have entered troubled times. Socialists or Right wing liberals are passe. A new system will be given a name after a generation of turmoil. Till then we can all write blogs : how we assess the situation!

Obama will get elected because he has manged economy which was ruined in 2008 because of 8 year GOP administration. Voters know this (including 1%). Use of Airforce One does not mean anything for an unpopular President.

You wrote:
`In many ways, Mr Chen is the best of modern China. Blind since childhood, poorly educated until adulthood and then self-taught, he became a lawyer,' --- This is possible in China.

When you generate export surpluses, you have park them somewhere. You have to invest in bonds of some country. So far everybody kept their reserves in US treasury bonds. Where are Germanies export surluses parked? Lot of these got washed away in terms of US $ in 2008 and Euro rise against US$. Japan lost as Yen rose from 400 Yen to 80 Yen (to $). Australia has lost recently as A$ rose higher than US$. China has so far resisted revauation and is facing property bubble. A major upheaval in currency market is overdue. Netherlands is a small nation - can not but get affected by events in Germany & France.

Oil companies and OPEC make windfall profits. They can supply and data you need to sustain their profits.

Then there will be a default! When people loose job, you give dole. When Bank folds, you bail it out. We may soon know what you do top a bankrupt nation. Nobody is bailing out Somalia - All pay ransom to keep the country alive.

Please do not call China a failure. China is still growing. Chinese Public sector provided a base on which its SMEs are thriving. Eventually Chinese growth may falter as exponential growth is not sustainable. Bankers and traders in developed economies have really ruined the base of developed countries by shifting jobs to China. The backbone of any growing economy is the workers who create goods are cosumers of total produce.

Any system which accentuates disparities will be resented. This is happening in the West. Occupy Wall Street is a symbol of this resentment. Chinese model of development is also creating disparities in incomes. People are patient and will co-operate with the system if they can see better tomorrow. This is possible in a rising economy. As the growth falters, rich continue to get richer as they continue to corner all the gains. Returning to old ways may not be a right answer - but then nobody has an answer for the problem. Common man wants stable occupation to keep him busy and earn him a living with hope for better tomorrow. Maybe Maoists think that they have a solution for sustainable and balanced growth in theur UTOPIA.

As globalisation progresses, world is shifting back towards feudal past. As income disparities increase and middle class starts disappearing. Instead of farms, new feudalords control manufacturing facilities in low cost countries with rising and poor populations. The rich countries need not balance budgets - they can print currency to buy goods for their citizens from Emerging nations. The rich countries also control energy resources located in despotic states - These states also park their windfall profits from high energy and minerals prices in rich West. In this situation, a new rich class has to emerge in emerging economies to facilitate this operation. As a result emerging Democratic countries are increasingly becoming corrupt. APPLE pays $1 per hour for workers in China. They must pay several times more if they employ a worker in USA. Chinese worker is working as a serf under a Satrap posted by American Master in collaberation with Chinese officialdom.

In old days, Bankers were called moneylenders. They are a seperate class of people. They Treat their customers (what is love?) with an objective of taking his money and his home (It used to be land in old days) if possible. In past Kings borrowed money from them to wage wars. Now democratic Governments print money and hand it over to bankers as their risk capital so that they can collect interest from borrowers who will be bailed bot by Government to keep them solvant.

At one time China and India were prosperous and net exporters of merchandise. They became complacent and fell pray to imperialistic but hardworking Ameriacn and British greed. They became addicted and impoverished importing goods produced by American and British Industry.
History is repeating. Now Chinese are working hard and will be masters in the next thirty years.

Dear Sir,
HFT has increased transparency at the cost of retail investor. Now it is high volume trading between to computers backed by deep pockets. Logic used for HFT programs is OK (or was written) for use with growing economy. The system has shown its vulnerability after 2008. HFT will continue and I hope some day programs will be able to resemble thinking process in the minds of Wizards in markets.

http://static.dezeen.com/uploads/2011/12/dezeen_New-Bus-for-London-by-He...

Why only fisheries!. Even coal and iron ore mines will be depleted if humans continue to make over a billion tonnes of steel every year. Greed has no limits. Expectations have no limits. Politicians have to promise moon to voters to get votes. How can you control exploitation of resources? Unfortunately resources are limited and do not get replenished as fast as we want. In days of RAJ British gentry loved hunting tigers and taking their photographs with the tiger they killed. Today we punish tiger poachers.

China is rejoicing. EU will import so much more. Indian Stock Market is going up. The money pumped in European banks is being used for buying shares and Mutual Funds as returns are better. When will they use money for increasing productivity in PIIG and other laggard economies in Eurozone.

If this happens:
Israel will be second country in the world to use nukes on civilians. Israel : Please do not forget holocust. You want to do same?

she asked: “Unfortunately, our question for Moscow meeting participants remains unanswered: what’s your concrete, constructive alternative?”
Malthus answered. History has answered. Exponential growth can not last for long. Empires have collapsed. Present system will also collapse. We humans will try our best to live beyond means. Nature will have its ways to restore balance. In Indian Mythology there is a concept of end of an epoch and emergence of a new one. We can only influence these cycles of change.

You wrote "Although some Arab leaders back a strike, most Muslims are unlikely to feel that way"
Who are these some Arab leaders? Are they not despots under protection of UNCLE?