Forbes has followed reported on ’s declared ambition to help boost the . The magazine reports: “ founder and chief executive said on Wednesday from New Delhi that his e-commerce behemoth will invest $1 billion to bring small and medium businesses in online. He also pledged that his company will export $10 billion worth of ‘Made In ’ goods by 2025.”on his pilgrimage to this week. On January 15, the journal
At that point, Forbes assumed that Bezos would seek a meeting withto seal the deal.
Here is today’s 3D definition:
A legal and risk-free bribe in the form of promise, with no direct cost involved, of future action that enables powerful, rich people or institutions to control nations, regions or populations that are less rich and powerful
The population offinds itself in a familiar situation as a privately-owned overseas benefactor generously proposes to take over its economy and eventually — with the help of the company’s home nation — its political organization. The British ran (and their other colonies) for three centuries by pledging to stimulate the local economy while personally rewarding cooperative local leaders and offering a range of services to reinforce their authority.
Theappear to be aware of the historical pattern and have massively expressed their defiance. Bezos appeared to be counting on the support of Modi, whom he hoped to meet on his trip to . The prime minister is clearly the one person with the power to make his ambitious project work. Modi might even have an interest in making it work, since, without outside help, he may find it challenging to realize his own electoral pledge to his people to nearly double the GDP of in his second term.
Forbes comments that “the goodwill fromtoward is necessary,” citing the atmosphere of defiance in and possible revolt against everything represents. Among other evidence of popular resistance, which includes restrictive laws on foreign commerce, Forbes mentions the fact that “a trade organization representing millions of small and medium-sized business owners organized protests in 300 cities across the country against to coincide with the billionaire’s visit.”
The Forbes article was published on Wednesday and sounded upbeat. Thursday offered a surprise, however, as the Indian journal Swarajya reported: “In what appears to be a sensational turn of events, seems to have given a cold shoulder to the world’s richest man.” ’ projected meeting with Modi has been canceled.
It may sound as if the popular will is having its effect. But in a further twist that tells us a lot about Modi’s often hyperreal politics, we learn that “this cold shouldering has little to do with the ongoing probe onby the Competition Commission of India and more to do with the critical stand of the Washington Post – owned by – against the Indian government.” Swarajya noted that The Post’s “editorial stand has been extremely critical” of the Bharatiya Janata Party (BJP) government.
Others have claimed that the “Indian government may have canceled the meeting with suggests that one reason is an immediate electoral concern: “With Delhi elections coming up next week, the [BJP] ‘doesn’t want to give political [ammunition] to the opposition.’”to calm fears among Indian traders,” which, if true, would mean that Modi is sensitive to pressure from the people, at least until that pressure dies down. The Indian media platform Inc42
According to this analysis: “ was not doing a favour to the country by the investments and questioned how the online retailing major could incur such ‘big’ losses but for its predatory pricing.”’s Economic Times, some officials who understand how pledges work believe there is a dual risk with the operation: The investment of even $1 billion may fail, with no serious damage to . If it doesn’t fail, it will be thanks to ’s “predatory pricing or … unfair trade practices.” These are practices that could upset the entire retail sector of a nation with a population four times that of the US. Union Commerce and Industry Minister Piyush Goyal provided
Founded at the very beginning of the 17th century, the East activity over the next three centuries: “Starting as a monopolistic trading body, the company became involved in politics and acted as an agent of British imperialism in from the early 18th century to the mid-19th century.”Company created the classic model for asymmetric economic relations between the East and West. The company was incorporated by royal charter on December 31, 1600. Encyclopaedia Britannica summarizes its
Robert Clive. The Forbes article quotes him on his vision of and why he feels it’s essential for to be part of the country’s rise to dominance. “I predict that the 21st century is going to be the Indian century,” he said. “In this 21st century, the most important alliance is going to be the alliance between and the United States—the world’s oldest democracy and the world’s largest democracy.” Some Indians suspect a more general reason: that wants to have a cut of everything that’s bought and sold in the subcontinent.may see himself as a latter-day
Bezos envisions a two-nation team of democracies that are currently led by two of the least democratic heads of state in modern history: Donald Trump and. As a geopolitical thinker rather than a simple businessman, Bezos may be right in thinking that an alliance with would be the only viable strategy for shoring up the declining US empire and responding to the rise of China. But knows what alliances with powerful English-speaking nations amount to.
Furthermore, conversation between and Trump, in which the US president blurted out, “It’s not like you’ve got China on your border.” was so disturbed by Trump’s ignorance that he didn’t bother to parry this with: Why do you talk so much about a wall? It’s not like you’ve got Mexico on your border. A Trump aide surmised that was thinking: “This is not a serious man. I cannot count on this man as a partner.”may have some specific reasons for not seeking an alliance with Trump. A new book by two Washington Post journalists recounts a
In a very real sense,is both better informed than Trump and more powerful than in global influence and sheer clout. has certainly understood that. But it may take more than $1 billion to convince him to let the fox into the henhouse. Even the appeal to ’s mercantilism by evoking a figure of $10 billion-worth of exported goods shouldn’t convince a leader who’s now forced to think in the trillions after pledging to double the GDP. And, of course, most remember what happened when the British not only pledged but actively opened the world market to goods.
Swarajya concluded its article with this enigmatic observation: “2.0 is not the same as 1.0 and the world must come to terms with it.” itself has been waking up to this new reality as 2.0 seems intent on pushing his communitarian agenda as far as his reach will take him. This has led to bigger problems than a deal with might solve.
*[In the age of Oscar Wilde and Mark Twain, another American wit, the journalist Ambrose Bierce, produced a series of satirical definitions of commonly used terms, throwing light on their hidden meanings in real discourse. Bierce eventually collected and published them as a book, The Devil’s Dictionary, in 1911. We have shamelessly appropriated his title in the interest of continuing his wholesome pedagogical effort to enlighten generations of readers of the news.]
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