Why does Modi talk such nonsense to mislead Indians ?
He said recently in Fudan University in Shanghai that India and China should work together to eliminate poverty. Does he not understand that China, with its 3.5 trillion dollar foreign exchange reserve and huge trade surplus,( which means a huge amount of hot money hungrily looking for foreign markets to capture and dominate ) is like an imperialist power seeking colonies i.e. markets, cheap raw materials, etc which will lead to further impoverishment, unemployment and misery in India, as British rule did ?
There are certain 'iron laws' of economics at work, irrespective of one's personal desires. The Chinese having set up a huge industrial base must now aggressively capture foreign markets and foreign raw materials, including the Indian market and Indian raw materials, like any imperialist power. How then can there be friendship and cooperation between us ? We must resolutely oppose the vicious Chinese designs, instead of indulging in meaningless Hindi-Chini bhai bhai claptrap and nonsense.
http://www.thehindu.com/news/national/modi-inaugurates-gandhian-studies-centre-at-fudan-university-in-shanghai/article7213897.ece?w=spa
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Because India needs foreign funds for its development. Domestic saving rates are law, interest rates are sky high and Indians love to hoard in gold and realty instead of investing in the stock market, mutual funds or corporate bonds. Every country wants to be an imperialist. We are just too poor to become one.
ReplyDeleteJustice saheb you always talk sense and your opinions are unbiased or coloured to suit somebody or other.really you are right china is are competitor and it's just seeking its interest.
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It depends how competent we are and what we need desperately. Coming to what we need desperately, we need to stop farmer suicides, we need to generate productive employment, we need to reduce economic inequalities, we need to make health care and education accessible to every indian. Unless skilled resources participate in a large scale we will not get these achieved. Further what matters is who is more wise in this business deal. The current govt intentions are appearing to be good, we are not sure, whether their wisdom is good or poor.....only time will judge.
ReplyDeleteGreat intellectuals like you ought to advice government, as to how it should enter into agreements with China, so that our country interests are protected.
Today, USA is borrowing from the world, and retaianing its no.1 position to dominate the rest of the world, in fact substantial china savings are parked with USA. Going by your logic, USA should not have entered into deals with China...
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Modi is right only if he takes his lecture in the university as part of diplomatic courtesy as is followed; wrong if he thinks that it need to be taken seriously by either him or Chinese side. To that extent Justice Katju is right.
ReplyDeleteWe can say the same about USA which sees Indian arms market as also the Europeans. What Modi has shown is self confidence in India. China is defentely wants Indian raw materials and want to sell manufactured goods.They are not selling arms like western powers. BUt it is selling arms to Pakistan. If you look at the map you will find how India can allow the silk road to pass through India as we aspire for a road link to Afghanistan through Pakistan. Let us not fear the Chinese
ReplyDeleteRespected Sir.
ReplyDeleteI may not be able to make you understand that corporate agenda of Modi or the early government is favouring the richer business population of our Country. But from your recognition and reputation I want a reasonable analysis of the Leftist ideology to govern India. China is an example.
What this meaning "Hindi-Chini bhai bhai" ?
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