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Home > Tamil National Forum > Selected Writings by Sara Ananthan > The Globalised World
Selected Writings - Sara Ananthan
Toxic Assets & The Globalised World
28 September 2008
These are interesting times in our globalised world.
The German Finance Minister’s statement to the parliament, “The US will lose its status as the superpower of the world financial system. This world will become multipolar” with the emergence of stronger, better capitalised centres in Asia and Europe, Mr Steinbrück told the German parliament. “ The world will never be the same again.” Implies that the world will have to accommodate additional financial power centres.
The following article in the New York Times, “Land of Gandhi Asserts Itself as Global Military Power” reveals that not only the financial power centre but also the raw military power centre is also being outsourced to one of these two new Asian entities or emerging empires with tacit approval from the current sole superpower “Uncle Sam”. This is an excerpt.
It appears as in the case of shrewd, Uncle Sam's toxic asset adoption policy where the toxic asset is being socialized to spare the pain on the perpetrators, Uncle Sam’s toxic diplomacy cum statecraft is also being outsourced on to the second most populous nation and the rest of the world is being asked to bear the ultimate cost.
The sovereignties of smaller nations are trampled upon with impunity by these empires and the populace of the weaker nations have to bear the ultimate cost with imposed puppet regimes to tow their line or have to bear sanctions and even instigated regime changes to accommodate the whims and fancies of the reigning empires.
Yes, the world will never be the same again. The powers that be (or the brains behind them) must come to realise that even the smallest of smaller nations and peoples are entitled to enjoy their sovereignty as equal to any other power. Slavery is not in vogue anymore. Enough is enough of that nonsense of power centres dictating to the rest of the humanity on how to live. We all can plainly see the collateral calamity staring on us by these disastrous policies of military assertiveness and instigated divide and rule tactics projected on smaller peoples and nations.
In addition, on this colossal US financial meltdown with its collateral overflow on the world economy, in “ The Times” the journalist “Anatole Kaletsky” in his article ‘Save the world? ..’ has more to say on the incompetence that led to this disaster. This is an excerpt.
The amoral policies espoused by these major powers which impinge on the free will and sovereign right of smaller nationalities to live as equals in peace with dignity prove beyond doubt that the emperors have no moral clothes as they are only interested in propagating their own self interests at the cost of smaller nations and nationalities.