Posts Tagged ‘regulation’

Tags: , , , ,

China made Toy GunThere is an insidious attack by the Chinese–it appears–to subvert India and other non-communist states. A case in point is how the Chinese toy industry is used to sabotage Gun-Control that states like India enjoy today.

I was shocked when i saw this gun in my son’s possession. He bought it by himself in a nearby shop for INR 30 (USD 0.75). It turned out to be a toy gun. I had to explain to him at length how when someone sees this in his possession, they might act in self defense and hurt him. My blood brother Sudeep Motupalli Rao from San Francisco was also with us on a conference to tell him that it is a slippery slope to the real thing. Very soon he would want to use the real guns to get back at someone he does not like. He told him how guns are designed to not merely hurt a person but to kill a life which has survived fifty, seventy years through the world system.

In the United States, it is mandated now to make Toy Guns with a color to reveal that they are toys.  But China, he said, has other ways that are also “insidious.” For instance, jewelery used to contain Lead but when the government banned import of Lead based Jewelery, China is exporting Jewelery that contains Cadmium, which is more dangerous than Lead. Sudeep holds a Masters in Chemical Engineering with a PhD in Environmental Engineering.

Coupled with this insidious attack through the toy industry, China through the Olympic committee  gave India the only Gold medal. Now every kid should imitate Bindra–the sole model for them.

Whether China is deliberately doing this sort of thing is everyone’s guess. China could very well be a puppet in the hands of a much greater force, namely the MNCs. What remains however, is that we are battling against principalities in the heavenly realms to safeguard our neighborhoods.

The first world where most of the MNCs have their headquarters know very well that it is the Standard of Living that determines free flow of human capital back to its roots. They saw the devaluation of the American Dream in the World Trade Center attack. They now want to rub off the same thing on other countries as well especially on vulnerable countries like India where the person who has a voice at all, wears merely handloom clothing, which in their eyes lacks sophistication and therefore an easy target. Khadi served to make India self-reliant during freedom struggle. But in the global economy which is dominated by services, India has to show its clout. I recommend Sherwanis for the Indian political figures and IFS officers rather than the demoted handloom dress code.

Tags: , , , , , ,

Not a mere layman’s perspective!

Tags: , , , , , ,

In the remarks made by Henry Paulson in the month of March, he admits by saying: “The current system … can allow important regulatory matters to fall through the cracks.”

As i have said earlier in “Ushering in Theonomy and Global Paternalism” about Adam Smith’s self-regulatory proposal, Henry Paulson’s Self-Regulatory proposal too is broadly no different. It is not the answer to the crisis we face today at least not for the poor nations or for that matter small businesses. Today’s Financial markets have global scope and we need international regulation, be it financial or conduct. It is the developing nations which will suffer for not Ushering-in Theonomy and Global Paternalism in time, because capital and people will always be induced to move to the shores of the developed nations without regulation. If at all there is anyone who will stand to gain from Theonomy and Global Paternalism, it is the developing nations.

Here is an interesting comment by Dave Chapman on the “Blueprint” that appeared in the Herald Tribune:

“This document looks like an attempt to muddy the waters with a bogus proposal, in the hope that they can stall meaningful regulation until the crisis goes away”

or the threat from “Kingdom Now” proponents goes away.

Tags: , , ,