Sarkozy and Brown: We cheated, So Trust Us (UPIASIA)

M.D. Nalapat


Manipal, India — It must be wonderful to believe that the rest of the world shares one's own self-perceptions of omniscience. Weeks after Western financial institutions and instruments cleaned out thousands of clients in the Middle East, China and Russia, French President Nicholas Sarkozy and British Prime Minister Gordon Brown, at last weekend’s Asia-Europe Meeting in Beijing, offered Asia a simple prescription: Trust us and follow our lead unquestioningly, so that the non-Western part of the world can earn the tag of being "responsible (to the West) stakeholders."

It is unlikely that Asian governments will follow this advice and pour billions of dollars of their capital into two institutions controlled by North America and Europe – the World Bank and the International Monetary Fund. After the recent banking meltdown in the United States and the European Union, it is not only small children in the rest of the world who can see that the emperor has no clothes.

What has astonished many in Asia is the way in which Western governments are acting as accomplices to what looks like the perfect crime: the stealing of trillions of dollars in value from pockets across the world. This was done not simply by getting the unwary to invest in assets known to be dubious, but by gerrymandering increases in the prices of commodities, notably petroleum, which has gouged economies such as China and India.

This columnist would like to repeat his advice to the oil economies to install gold statues of U.S. Vice President Dick Cheney in prominent locations, for it is the policy pushed by that distinguished international statesman that caused oil prices to rise far above what market fundamentals dictated.

Oil Conspiracy Theory (UPI)

M.D. Nalapat

MANIPUR, India, May 31 (UPI) -- Nature and the "street" both abhor a vacuum, and even after Sept. 11, 2001, it is those active in the "War of Revenge Against the Crusades" who are more adept at crafting tales designed to link the United States with the unemployment, rage and perception of helplessness that provides recruits to the jihad.

While conspiracy theories that seek to "prove" that the United States -- together with those familiar villains, the "Zionists" -- is engaged in a war against Islam, thus far such street gossip has permeated only the Muslim countries, principally Saudi Arabia, Iran and Pakistan. The rest of the world has not been infected with this virus.

Indeed, a case can be made that the United States is more popular today in the poorer parts of the globe than it is in Europe. Unlike the period from the 1950s to the 1980s, when the United States was the target of the resentments and insecurities felt by those recently freed from colonization, from the time cable television spread in the mid-1980s,"street" perceptions of the United States outside the Muslim world have improved steadily. In the words of Jairam Ramesh, an Indian economist, while the cry may still be "Yankee, go home!", to this is added, "but take me with you."

For a superpower, the United States has been demonstrably inept in factoring in psychological attitudes and reflexes in countries visited by U.S. "experts" only in the safety of air-conditioned hotel and conference rooms. Thus, in Iraq the United States appointed an American "administrator" and Iraqi "advisers," when common sense would have indicated that it ought to have been the other way around.