Bushism, Global Food Prices and India–The Blame Game

No doubt global food prices have gone up. Last week big box food retailers and wholesalers started to ration key grains such as rice. The reasons for the sudden jump on food prices is complex. Particularly, speculation in the commodity prices, jump in fuel prices, and use of corn as a biofuel, drought, global warming, and increasing consumption are some of the reasons for the jump in commodity prices. It is completely surprising for high consuming United States to argue that the emergence of the Indian middle class as the reason for the jump in global food prices. The current US administration has indeed hit the pits and reached new lows. Really, rise in the middle class in India is the reason for jump in food prices? Really? I mean really? India is a net food exporter not an importer. You are unbelievable, lil bush and condi. Did you guys know that US agri-business is heavily subsidized by the American taxpayers so that corporations can make a tidy profit.

Advertisements

Friedman, Outsourcing, Globalization-My Analysis

Here is my analysis of Tom Friedman’s take on Outsourcing. Mr. Friedman seems to overstate the impact of outsourcing on India and he seems to jin-up the young and upcoming youth in India. Yes, true call-center jobs have indeed opened up new vistas to a lot of Indian youth, but these jobs have high turnover rates and low job satisfaction. Besides, these are not career-paths, the terrible hours, high-pressure environment, bosses obsessed with the bottom line and mean clients produce very minimal attachment to these jobs. These positions are bottom-feeders and they are unlikely to push India up the value chain in the long-run. Now, if you are serious programmer, with good coding skills, and language ability I am sure you will be picked-up by the MNCs and exported abroad.

Towards the end of the video clip, Tom Friedman travels to the slums outside of Bangalore and meets with some NGO activists. The most problematic element of this tour is that despite seeing the devastating poverty around him, he simply ignores them and continues to focus on the Malls, software industry, etc. Mr. Friedman’s selective analysis leaves one with the impression that everything is hunky-dory in India. Few weeks in India, with its terrible infrastructure problems, sky-rocketing food prices, and housing market that has hit the stratosphere will only demonstrate that life in India has become really miserable and the lives of the common-man or the aam adami lies shattered. Bollywood stars, supermodels, and Cricket players rake it in, while the rest transfer their wealth to them so that they can view the shameless and grotesque displays of wealth.

Outsourcing and Globalization-Tom Friedman

Here is Tom Friedman’s (New York Times and the author of World is Flat) take on the global outsourcing to India and its impact on globalization and Indian economic development. Take a look at the video: