The powerhouse of world enconomy is taking one disastrous tumble after another in the face of a yet to be fully ascertained recession. Sub prime is prime time news, plus every coffee, chai or ciggie break topic.Stimulus or no stimulus, some known company or the other is announcing cut in flab like it is a routine policy matter. Now news has come in from the lands of plenty about families wiping themselves out, often initiated by the head of the family;reason, unable to cope with the crunch.So much already, more bad news invariably around the corner; all this what for? because of the countless mistakes of a wealthy, powerful, all pervasive, domineering state which has the largest share of every listed man made threat to the planet? This
nation consumes every thing from burgers,chips,colas,trees,gas,steel,paper,rubber, oil,whiskey,beer, anything that is there to consume like there is no tommorow.The average American is worth at least 20 Indians in terms of consumption of resources. The amount of pollution US of A creates would blacken the face of earth in a mere few years if all other nations were to follow suit.Now this hungrier_ by_ the_ minute giant is showing yet another disgusting face of itself, callous misappropriation of mortgage funds to the tune of so many billions that some nations may possibly run their economy for a hundred years with that kind of money.That kind of money is gone;kaput. Result is, truly deserving nations like India, which ought to come out of shadows of a miserable past, and share the power equation of the world, is being unnecessarily made to drag back its feet into messy waters. More pollution from the American stable, the dollar dirtying the fragile economic balance of the world. What can we do about it? For starters, our nation has shown tremendous foresight in refraining from falling into American hands to support its key infrastructure. Oil, a near monopoly of the US, cannot be totally produced in our homeland and hence needs to be outsourced. Sectors like IT services,call centers ect did depend on the well paying American cos, but then they are relatively new money spinners, and hence do not directly affect the vast majority. But we do need a serious relook into the shortfalls of a dissaparate revenue generating capacity across all sectors. Agriculture, small scale industry and consumer electronics should be strengthened to such an extent that the lower and middle income group, the bottom of the heap, begins to add value to the national income. The health of the nation lies in the weakest sections of the society, in our case, the agricultural sector must pull its feet up towards better output and quality. The per hectare yield is a shameful figure by world standards. This can and must change immidiately. Like in milk production, food grain surplus is the need of the hour. The green revolution that never was, must become a reality.Secondly the millions of manufacturing units must get all possible help as regards financial, technical or marketing related support. Improved quality in home grown products will automaticlly open new markets, just like in the case of the high quality saree fabric or mangoes that India exports by the tonnes.All in all, a better equipped, burden free, government backed lower income group, which so far has only faced apathy and injustice, must be allowed to break free of the shackles of the last four hundred or so years. This step alone can cure a plethora of economic maladies which the country faces from time to time.Let the hetherto unknown Indian in the darkest corner of the country stand up to tell the world what he can and does do, chances are, another wave of change will happen. This time it just might take the wind out of some mortgage swindling American.Take that.