Friday, October 24, 2008

Europe, American power & financial crisis

http://www.vijayvaani.com/FrmPublicDisplayArticle.aspx?id=200
The sale of European goods in the United States would help Europe develop economically, and, in exchange, the United States would receive deference on political and military matters: NATO - the ultimate hedge against Soviet invasion - was born.

An interesting take on the origins of the Bretton Woods agreement by Friedman (of Stratfor) and others - though I think this piece may give more credit than is due to current US economic strength. Some folks in the BJP (certainly Jaswant Singh) have pointed out how India missed the boat on the Marshall Plan - thanks for the memories Jawaharlal Stalin!

This blog - and this author included - does it's share of Yankee bashing. However, I will admit that I would rather live in a world of too much American power than a world of too much Russian power - or worse yet - a world full of Han power.

Of course, while India should be in the lead offering ideas and suggestions on how democracies can recover faith in their markets - that fraud Chidambaram and his boss Manmohan will quietly hide behind Sonia's skirts while Ratzy luquidates the Vampire Empire's p-note holdings in Indian stocks!

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