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China and Golden Straitjacket - varnamvarnam
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China and Golden Straitjacket

The “Resident Idiot”:http://www.tni.org/fellows/bidwai.htm, “a liar”:http://www.madhoo.com/archives/002358.php and “supporter of murderers”:http://varnam.nationalinterest.in/archives/000300.html, gave the “following advice”:http://www.nirajweb.net/mt/niraj/archives/002090.html to Congress(I) for winning the elections

bq. What the party needs is a major realignment with India’s social reality after more than a decade of rightward drift. The central aspect of that reality is the state of underdevelopment, deprivation, poverty and ignorance in which the bulk of the population lives even as it aspires to a life with freedom and dignity. This locates India’s “natural” political centre of gravity on the Left. Only a left-wing programme charged by egalitarianism and progressive social policies can address the needs of the mass of the population.

And at the same time what is happening in the “mothership”:http://www.hindustantimes.com/news/181_526031,00020008.htm ?

bq. China plans to lay off some three million workers every year until 2006 as to streamline the bloated public sector units in the country, the state media reported on Friday.

China is also closing down loss making state owned enterprise. China has learned that for that country to survive in this era of Globalization, it has to stop wasting money and concentrate on wealth creation which in turn drives job creation. They are smart folks, who do not want to go the Soviet Union way and are accepting the Darwinian brutality of free-market capitalism.

China is now wearing what Thomas Friedman calls the “Golden Straitjacket”:http://varnam.nationalinterest.in/archives/000132.html.


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