April 23, 2009

Mr. Obama, I appreciate you, for you have again proven that unlike your predecessor,

you are receptive to change and don’t stick to irrational logic just for the heck of it!

Prior to this editorial, I’ve written a couple of more editorials on the American President, Barack Obama. In those editorials, I have been extremely appreciative with respect to his historic win; and more than anything else, with his win that had actually made the American citizen the real winner. I had also been extremely candid with my appreciation towards him, not just for him becoming the President but the arousing reasons that made him so. For the uninitiated, I wrote that he demanded change from his fellow Americans, not simply with respect to the economic outlook or foreign policy, but in something graver; he beseeched them to realise that in the hardships of today should not be forgotten the intensity of the American character of past. This is not to miss how enamoured I was with his outstanding speeches.

But then, that’s history now as President Obama is already a few months old in the White House. And since then, much water has flown under the bridge. In these past few months, he has made statements that have been contradictory to his own earlier statements that had earned him this office. Sometime in mid March, Mr. Obama was heard appealing to the developing nations to join hands with America to counter recession. He said, and I quote, “As aggressive as the actions we are taking have been so far, it’s very important to make sure that other countries are moving in the same direction, because the global economy is all tied together.” This statement came just before the G20 meet, which was held in London a few weeks back. Further on, he also said that he would use the London forum to “make sure also that we are not falling into protectionist patterns” in reaction to the global recession. Well, coming from him it sounds pretty strange, simply because he was the one who was hailed to the White House campaigning for protectionism, with his illogical disposition towards outsourcing, particularly with respect to India. In fact, in my editorial dated January 22nd, 2009, for the same magazine, with respect to his campaign against outsourcing, I had categorically stated that for all the gallery motivating speeches, Mr. Obama would fail double time on this particular issue of outsourcing. When I said that, I was definite; but that it would come so soon from him, was something I was not expecting.

Well, there isn’t any doubt that the entire world is going through one of the worst economic slowdowns. It is also true that one America alone cannot counter this slowdown and truer that all nations have to necessarily build a common consensus and then act upon it. Along with these two truths, there is another truth for which the developed world has always maintained a delusive conspiracy of silence. And that is the fact that if the world economy has to recover, China and India would have to play a cyclopean dominant role. And this is where I differed with President Obama’s illogical heretic rationale of protecting American jobs by arresting outsourcing. In fact, the truth is that it is outsourcing which can create jobs in America. The logic is pretty simple and rudimentary. It is a universal fact that outsourcing reduces operating costs of large American corporations by a large extent (in some cases, cost savings are to the extent of 90%), depending on the processes outsourced. While on one hand, the cost thus saved adds on to the thinning bottom lines of these large corporations, on the other hand, the jobs generated in developing countries like India expand employment as well as disposable incomes. With increasing disposable incomes, geographies like India, which have huge population base, become more vibrant and open up new opportunities in the form of markets for the very same American corporations, making them even more profitable. And ever increasing demand from markets like India not only results in an upsurge in production, but also in the expansion in employment opportunities domestically, in America.

The same thing happens with respect to China as well. The more China sells its goods in America, the more jobs get created in America itself, in the longer run. So, however patriotic ‘protectionism’ may sound, the truth is that it cannot provide meals to an average American who has lost his job. And as I wrote in my previous editorial, I reiterate again that it is high time for America and the developed world to realize that the future markets lie in India and China to some extent. And the developed world cannot continue to write these two off as they have been doing all this while. No doubt, this slowdown has come as a big learning for the west to look at these markets more seriously than what they have been doing till now. From the balance sheet perspective, all this while, India and China’s significance was acknowledged through mere lip service and tokenism, but this would invariably go through a transition.

All in all, this economic slowdown has come as a huge opportunity for India, and there cannot be a better time to consolidate our position in the global market! And Mr. Obama, I still appreciate you for the fact that unlike your predecessor, you are receptive to change and don’t stick to irrational logic just for the heck of it!

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12 comments:

Manuj said...

I fully support your viewpoint. I am optimistic that stimulated channels will bring economic growth to India.

PURUSHU said...

hm.. but being a fashion design student...i think Mrs. Obama is equally amazing as the first lady. after all she is the talk of the fashion industry of recent. check dis out: http://purushu.blogspot.com/2009/04/mic.html

sudharm baxi said...

Obama is certainly different. His previous comments about outsourcing and other stuff showed more of his democratic attire. But, the chain you have mentioned in your article certainly must have appealed to him to and hence he had to change his stance and agree with the fact that America can not actually stand alone, it has to think of a few nations (of course India, China, Russia and a few others) before even thinking of a new plan or strategy.

And about India and China leading the world, IS THERE A DOUBT IN THAT MR. CHAUDHARY??

Very nice article. Got to know about your blog, a few days back in some article of yours in the paper.

armageddonsaviour said...

Read:
http://livingwastedbloodsofindia.blogspot.comThey are working hard on it from management reforms point of view.

eg:
Providing 30% Discount (Memorandum of Understanding) between U.S Dept of Defence (DoD) and Redhat on fees of Redhat certified professional training for all U.S Govt Employees on opensource technology deployment platform courses on which enterprises are dependent.

Any Kickstart Positive Lessons, Member of Parliaments are getting out of it? to Discuss?

Does that make some sense to them?

sandeep.aba said...

Sir,

Whatever be the matter in getting into protectionism or something else,working globally is the need of hour.Noone can decline the fact that 'they are not self sufficient'.G20 came together & passed around $1.3 trillion for the rescue of world economy.

People know the case very well.If at all they want to get into such cheap ideas of protectionism they will receive the consequencies as well,not surprisingly getting worst then ever.

Regards,
Sandeep kumar,
BBM,
Alliance business academy

james said...

The tragic turn of events in Kandhamal in Orissa once again highlights the urgent need for church authorities to immediately halt the fraudulent conversions of poor non-christians, which are causing so much heart-burning and cultural anxiety.



As the menace of conversions is perpetuated with the receipt of foreign funds, the existing Poor Christians (read lower caste Christians) in India have steadfastly demanded that the church utilize all foreign funds exclusively for the welfare and uplift of poor Christians who are suffering from terrible discrimination within the community and are living in a pitiable condition, deprived of basic necessities. Indeed, this is the reason why some poor christians have been petitioning the Government of India not to appoint Bishops, priests and nuns to official Commissions and Committees, and instead appoint ordinary Christians.



The church annually receives so much money that the Catholic Bishops’ Conference of India (CBCI) and the National Christian Council of India (NCCI) should set up a Rs.1000 crore “Christian Development Fund” to ensure the integrated social and economic development of the existing poor christians in India.


Considering the confusion created by propagation activities in remote areas, some christians have been demanding that church authorities defer mass conversion programmes for at least a century. Evangelism cannot be a measurement of a society’s socio-economic development. Rather, the evangelism programme funds should be utilized for the welfare of poor christians who have already been converted to Christianity, and whose lot has not been improved by the church.



Instead of worrying about the living conditions of the existing poor christians, the church leadership is interested only in increasing the numbers of its flock. Even worse, a large chunk of foreign funds are being utilized for purchasing land and for the luxurious lifestyles of a few Christian leaders in India. As of now, the reality is that a handful of priests and bishops are monopolizing Church funds and property in the country. The Clergy including Priests, Bishops and Cardinals are monopolizing the Church estates and treating it as their own property and are indulging in its sale-purchase without the consent of the community.


The children of poor christians do not even complete their primary education. None of the 40,000 educational institutions run by the church give admission to the children of poor christians. This is the reason that in the last two decades many poor Christians have gone back to Hinduism due to maltreatment by the church. For this reason, some christians feel that the Government of India and the Supreme Court should redefine minority educational institutions and de-classify those Christian minority institutions which do not admit Christian children. They should also be taxed as commercial ventures.



There is no case for caste-based reservations for the Christian community in India, as this would institutionalize the discrimination against the poor Christians and blight their future forever. The teachings of Jesus Christ do not permit discrimination amongst his followers. All Christians are born in the image of God. Hence, if the Church in India pursues reservation for Christians on the basis of caste, it must pay compensation to poor Christians converted to Christianity in the past, for discrimination and oppression and false promises. The Government of India should also introduce special laws to protect Church property and land that is currently being misused and sold by vested interests.



Some christians also feel that the Vatican must stop appointing bishops and must follow the system in China. Poor christians must be appointed to important positions in the institutions of the Catholic Church. As the Church is the largest employer after the Government of India, poor Christians should be given 50% job reservations in Christian educational and medical institutions. There should be reservation of seats for poor christians, in Church-run schools, colleges, technical institutions and other vocational organizations.


Above all, the church should not criticize other religions, as this creates unnecessary ill-will. The time has come when pluralistic societies must be accepted. Hence the focus on fraudulent conversion and increasing the number of “rice Christians” does not serve the faith. The Church should instead promote multi-culturalism and inter- faith dialogue.

****

Satya said...

Hi Arindam, I would like to see your next article on the Sri Lanka issue & how our politicians are making a big deal out of it. I am sure this will be a good topic for you to write on.

Technology Journal said...

Sir,

Revisionism in Decision making and political and business stances is a great quality according to Mr. Jack Welch,

One can not stick to old positions amidst new insights,

Then there is the chance of being called a Roll back Politician.

Anrosh said...

"My back is breaking" Obama confides to his treasury Secretary Timothy Geithner – (the man enveloped in a controversy for not paying taxes)as he pretends to pick up the stick that is supposed to bring Correction -- change is such a cliche

Zach said...

I remember when I was a Pre University we had an essay to learn for the English exam. It was the historic speech by Martin Luther King popularly known as 'I have a dream'. And this Jan as I saw on TV Obama taking oath as the President of America I felt very emotional as I thought what I had read in that lesson. True to expectations of the American people he seems to have done a decent job as he completed 100 days in office. I prefer that he first set America right and then go about changing the world.

Fiza said...

Very coorect view point.

SHANK said...

Sir,
It is better to have a dynamic management strategy for the welfare of the country rather than adhering to defined set of rules.

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