Why Blame it on India ?

First it was Your job got Banglored…. Now its Your Food got eaten by the Indians, whats next?

I thought our politicians were idiots but hey, the American politicians are one up on our bunch of jokers.

Of late, it has become a fashion to blame India, while conveniently forgetting so many other factors for the world food commodity price rise..

What are the American politicians really up to ? Now he is a person who cant say Nuclear right, has in his hands, the largest arsenal, a person who has openly been ridiculed on you tube and is proud of being .. how shall i put it – plain dumb?

First of all the American economy survives on foreign debt, and because it is the its dollar that has substituted the Gold Standard as a reserve currency, that the Americans have been spending more than what they can earn for the better part of the last decade.

Why do they forget

1. That the American Population which is Smaller than the Indian Middle class, still consumes more resources including Food* , Oil for their SUV and Humvee, than the same Indian middle class or the entire Indian Population per capita, they so conveniently blame.

* Total food grain consumption — wheat, rice, and all coarse grains like rye, barley etc — by each person in the US is over five times that of an Indian, according to figures released by the US Department of Agriculture for 2007. TOI

2. That they fought a war in Iraq knowing fully well the effect of such an event on world oil prices. Did Halliburton matter more than the well being of common American ?

3. How much the value of the dollar has fallen and how it affects inflation and commodity prices including Oil, Gold and Food .

4. How have the Fed and the Treasury Sec have allowed the dollar to stay weak causing Oil based inflation leading to higher food and oil prices to protect the dirty underbelly of wall street and debt insurance firms from going bust ?

5. That the big nations have been subsidizing their big farms and dairys with massive subsides, eg. EU subsidy bill is a whopping $41 billion, keeping prices of food and edibles low, leading to poor investment in agriculture in developing countries (i also partially blame local politicians for their short term vision and ad-hoc measures) Worse what about the droughts and the El Niño effect?

6. What about the Bio movement and the shift to natural fertilizer from chemical fertilizer ? What about the shift to biofuels (Petrol/Gas substitutes) like Ethanol based on corn and molasses and the subsidy the bush govt offers big Us farmers, leading to corn shortage and increasing cost of tortia chips in Mexico.

7. What about China, its Olympics style Consumption and its burgeoning middle class ? Do they not affect consumption ?

8. Lastly, Its they who fund and take support from Evangelical Christian Right wing groups that are anti choice or birth control leading to a huge population growth in poor christian countries like the Philippines.

The lslamic countries are no different, they seek every opportunity to take their citizens into the stone age take some of our neighbors for example.

So isn’t it high time that the Developed world focussed more on conservation than consumption?

In hindsight, after more reading and introspecting, i am loosing trust in the TOI network, as a balanced newspaper as this was a post based on their article.

Though this was a passing comment on the general food price rise, at an interactive session on economy in Missouri, the timing and way it was presented add to it an over zealously yellow coverage by the local press has resulted in a virtual Bush bashing mela here.

All in all WP has a good page on the ongoing crises at the state some responsible African people are in is simply heartbreaking .

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16 thoughts on “Why Blame it on India ?

  1. Well, America thinks of everything from its own point of view. Actually this remark of Bush and Rice did not suprise me in the least. Its so typical. You know their stand on global warming.

  2. Rice is still not a politician she was not elected but selected
    and worse the toi has fanned the flames — i have added a few lines.

  3. Hi prax,
    thanks for dropping in on my blog.
    I do not blog much these day.

    To your question, why blame it on India?
    Because their own economy is in trouble,
    because their future is bleak.
    Because they know our future will be hell of a lot better than their’s.
    So they have to blame someone.

    The ‘have-nots’ always blames the ‘haves’ for their own misfortune. We are the ones who will be the new haves of the future, they do not like it. So blame it on us. So convenient.
    They dare not blame China.

    America had it dishonestly too good for too long. The world sweated to earn dollars to survive, Americans only had to ‘print’ them.

    A dollar now, in reality, is not worth any more than the paper its printed on. A day will come when the world no longer is forced to buy oil in $$$; all their paper dollars will not be enough to pay off their collosal debt. Many who have been wronged in the past have been praying for that day.

    The ‘war’ to preserve the dollar hegemony – the root to most of the evil we see in the world of today.

  4. hi Prax
    There are two issues here
    a) India and China are consuming more. Thank heavens for it… it has taken both nations 60 years to come to a stage where it makes a difference in the world. Consumption is a key to that.. And therefore food consumption is going to be a part of that !

    b) it is not just India & China that is responsible for rising prices. There is bio fuel and land diverted to it, there is the drought in Australia, there is a war in Iraq – there are food mountains in Europe … all of these help in rising prices.

    and, finally, the press has taken Bush out of context. I never thought I would see the day when I defend Bush, but this is what he said.

    “Worldwide, there is an increasing demand. There turns out to be prosperity in the developing world, which is good. It’s going to be good for you because you’ll be selling products in the countries, you know, big countries perhaps and it’s hard to sell products into countries that aren’t prosperous. In other words, the more prosperous the world is, the more opportunity there is,”
    So, for example, just as an interesting thought for you, there are 350 million people in India who are classified as middle class. That’s bigger than America. Their middle class is larger than our entire population. And when you start getting wealth, you start demanding better nutrition and better food. And so demand is high, and that causes the price to go up”

  5. harini
    i have covered most of the issues in my post including bush being taken out of context and linked to a rediff post , thanks
    and one thing can u explain this
    there are food mountains in Europe
    are u talking about food stocks in eu ?

  6. After I wrote that comment I had second thoughts on it. Something to do with what you wrote in your comment. I think this issue was blown out of proportion. Bush said a lot of things and it wasn’t just about India. One needs to see his speech in context and not be so touchy.

  7. john, most americans are a lot more intelligent, it is the politicians everywhere that hoodwink people

    Nita all said and done – it would have been better if Bush had kept quiet rather than attempt to teach people economics (not his forte)

    i was reading the wp on food crises – its a great read

  8. I agree with @ harini calamur //India and China are consuming more. Thank heavens for it… it has taken both nations 60 years to come to a stage where it makes a difference in the world. Consumption is a key to that.. And therefore food consumption is going to be a part of that !//
    Well written post Prax.
    // Lastly, Its they who fund and take support from Evangelical Christian Right wing groups that are anti choice or birth control leading to a huge population growth in poor christian countries like the Philippines.
    The lslamic countries are no different, they seek every opportunity to take their citizens into the stone age take some of our neighbors for example.// Like always I differ with you on this one.

  9. 🙂 prerna (i knew u would)
    i said islamic countries -not muslim countries

    on consumption
    id say its more of a dollar decline from a power currency – as things were – us and eu subsidized heavily their food crops – india as most other states didnt invest in agriculture but doles subsidy and show projects worse worlds bread baskets like australia have had droughts , us was busy making corn for ethanol
    World food prices were in a decline right since the 70s now the trend has reversed and it is hitting us hard – thanks to the rupee peg
    i dont buy the consuming more principle if we do consume more we do so marginally – i dont have reliable stats to back me though

  10. by islamic i meant pakistan saudi arabia etc the ones that stick to radical shariah
    muslim like India (we have the largest muslim popln), turkey, dubai, some of the cis states the more modern countries

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