Phileo, according to roman legend, is a human response to something that is delightful. I decided to call my blog "My Phileo-sis" to describe the attitude I try to maintain toward all things in life

Tuesday, November 15, 2005

Bush in Asia... Mayhem in America

Why am I getting political? Well I decided that it was time I gave this blog a direction... And what a time to do so - President Bush is in East Asia, in the backyard of America's true competitors to global hegemony - China, India and Japan.

While Bush is giving India the miss, this time around, there is plenty that he needs to take care of. The burgeoning trade deficit between US and China and US and Japan is worrying everyone here. After all, how long can America sustain this deficit. Its time that the Bush administration stopped touting its free market model that these Asian giants have diligently refused to toe and inspect their economic blueprints.

The Asian giants are based on one simple concept - the quintessential Asian concept of self sacrifice. They pinch their own consumption while boosting their production. Thus they make many things that America - the world's super consumer - buys while buying very little for themselves. The earlier America realizes this, the better. We need to realize that our high consumption is our worst enemy. The administration needs to come up with some novel way to get the Chinese to buy a lot of our products.

One possible way to do so is to continuously stay on top of the innovation pyramid. America has always been the de facto innovative giant that has propelled it to the forefront of science. By maintaining its position, it can keep creating newer jobs that pay 10 times the money that an ordinary person gets in India and China.

Given the low popularity ratings of Bush, something very radical must come out and this may be the beginning of something huge for America. Whether this is the beginning of America crashing into a huge ditch or the beginning of a new engagement policy for America, only time will tell.

1 Comments:

Anonymous komal said...

oh u miss "RANDOM MUSINGS" don't ya...looks like all your random musings ka YAK YAK YAK YAK YAK YAK...is bein transfred to "My phileosis"....good thing though ,PEOPLE LIKE me WUDN'T HAVE KNOWN OR CARED ABOUT THat ISSUE....., atleast now I KNOW..

1:59 PM

 

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