Comments on: The US Empire in Decline http://www.deeshaa.org/2009/06/27/the-us-empire-in-decline/ Mon, 13 Feb 2012 05:41:09 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: viveksh http://www.deeshaa.org/2009/06/27/the-us-empire-in-decline/comment-page-1/#comment-143875 viveksh Sat, 27 Jun 2009 08:56:43 +0000 http://www.deeshaa.org/?p=2617#comment-143875 By the way, what I meant by favorable geography for the US was this: <a href="http://www.stratfor.com/weekly/20090602_geography_recession" rel="nofollow">The geography of the recession</a> By the way, what I meant by favorable geography for the US was this:

The geography of the recession

]]> By: pankaj http://www.deeshaa.org/2009/06/27/the-us-empire-in-decline/comment-page-1/#comment-143874 pankaj Sat, 27 Jun 2009 06:44:37 +0000 http://www.deeshaa.org/?p=2617#comment-143874 The downfall of OECD nations as well as rise of new emerging powers is overstated,but of course china is no doubt a great power and will continue to take strides in becoming a world power in the near future . they have the will and the means,the oecd as rightly ponted by vivesh have quality human capital as well as resources.moreover they became rich when the natural resources were abundant and relatively low priced which is not the case now.moral oecd nations will call the shots before long , and will be as in the past the engine of growth of the world economy.well india being a world power is wishful thinking. The downfall of OECD nations as well as rise of new emerging powers is overstated,but of course china is no doubt a great power and will continue to take strides in becoming a world power in the near future . they have the will and the means,the oecd as rightly ponted by vivesh have quality human capital as well as resources.moreover they became rich when the natural resources were abundant and relatively low priced which is not the case now.moral oecd nations will call the shots before long , and will be as in the past the engine of growth of the world economy.well india being a world power is wishful thinking.

]]> By: viveksh http://www.deeshaa.org/2009/06/27/the-us-empire-in-decline/comment-page-1/#comment-143864 viveksh Sat, 27 Jun 2009 04:53:57 +0000 http://www.deeshaa.org/?p=2617#comment-143864 Ah, the hypocrisy of such arguments. There is some element of kicking someone when one's down here. The general theme is - oh look the US took on too much debt and screwed up. Meanwhile, look... our growth rates are still high, we still have jobs, etc. Why have the growth rates in India/China been high in the past decade? Globalization, outsourcing, exports driven by? Well, by these same OECD countries? As an emerging economy of this size, we can't not have high growth rates while the developed US does not need to have high growth rates. Now that the OECD economies are declining we are going to be more and more on our own - lets see how we do in this situation. Yes, they have problems today and they are shrinking but we have many, many more problems than them. They took on huge amounts of debt while jump starting China's/India's economy along the way - bad for them, good for us. Lets give them time to work out their problems (and work it out they will - they have good quality human capital and geography advantages and those are powerful, powerful catalysts) while working on our problems ourselves. Now, ofcourse if only they did not have a powerful financial oligarchy which is bent on ruining the country and a powerful military complex. Well, maybe the downfall of the "empire" will address those areas and it will be a good thing for the world. And, as far as "hard to deal with" goes. Do we think that China (or replace new favorite empire here - unless you think that it will be India which is not happening in the next 50 years so lets leave that aside) will be easier to deal with instead of the US in the future? If the US has been hard to deal with isn't it more because of our foreign policy failure over the decades? If anything, the US should be easier to deal with now than before. Ah, the hypocrisy of such arguments. There is some element of kicking someone when one’s down here. The general theme is – oh look the US took on too much debt and screwed up. Meanwhile, look… our growth rates are still high, we still have jobs, etc.

Why have the growth rates in India/China been high in the past decade? Globalization, outsourcing, exports driven by? Well, by these same OECD countries?

As an emerging economy of this size, we can’t not have high growth rates while the developed US does not need to have high growth rates. Now that the OECD economies are declining we are going to be more and more on our own – lets see how we do in this situation.

Yes, they have problems today and they are shrinking but we have many, many more problems than them. They took on huge amounts of debt while jump starting China’s/India’s economy along the way – bad for them, good for us. Lets give them time to work out their problems (and work it out they will – they have good quality human capital and geography advantages and those are powerful, powerful catalysts) while working on our problems ourselves.

Now, ofcourse if only they did not have a powerful financial oligarchy which is bent on ruining the country and a powerful military complex. Well, maybe the downfall of the “empire” will address those areas and it will be a good thing for the world.

And, as far as “hard to deal with” goes. Do we think that China (or replace new favorite empire here – unless you think that it will be India which is not happening in the next 50 years so lets leave that aside) will be easier to deal with instead of the US in the future? If the US has been hard to deal with isn’t it more because of our foreign policy failure over the decades? If anything, the US should be easier to deal with now than before.

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