Comments on: Our imperial disdain for the emerging world http://blogs.reuters.com/edgy-optimist/2013/08/23/our-imperial-disdain-for-the-emerging-world/ A clear-eyed view from Zachary Karabell Thu, 06 Feb 2014 10:10:54 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: 123-100 http://blogs.reuters.com/edgy-optimist/2013/08/23/our-imperial-disdain-for-the-emerging-world/#comment-818 Fri, 30 Aug 2013 20:33:48 +0000 http://blogs.reuters.com/edgy-optimist/?p=287#comment-818 Did anyone else notice that the countries mentioned in this article are home to some of the worlds oldest civilizations? Egypt China Peru Turkey. Their enemy is their mindset. It has held them back for centuries. Until that changes they will always be a few steps behind.

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By: tmc http://blogs.reuters.com/edgy-optimist/2013/08/23/our-imperial-disdain-for-the-emerging-world/#comment-814 Tue, 27 Aug 2013 14:44:48 +0000 http://blogs.reuters.com/edgy-optimist/?p=287#comment-814 I wish I had read this piece sooner. Very well done Mr. Karabell!
@agsocrates, I think he did point that out quite well and you appear to be “a case in point”. Of course there growth was driven by others (the west) investments. We invested didn’t we? The USCA would never have grown if it weren’t for Europe and the wars between the French and English. Also, the multinationals are now competing for workers. The race to the bottom ended a few years ago. Chinese and other Asian nations wages have grown considerably. An Indian programmer went from $12 and hour (fully loaded) to well over $40 today.

@OOTS, we started the same way with untrained workers and yet we are no longer depndant on other nations for investment…or are we? Don’t you also rant about how our education system is failing? Our new workers are really now on par with those emerging nations. In some cases we are far behind. That’s why we loose many high tech manufacturing opportunities. Yeah, we kept Catapillar, but we just recenty made our first cell phone and its not even top of the line. And of course “they want it all now”. So do we! So does everyone for that matter. And those emerging nations have the will to get it too. Their education systems are rapidly outpacing ours (and using ours; virtually all Ivy leagues have campuses in other countries now). They are learning to control their populations too. China obviously did. India’s biggest export is Indians and they have begun to decrease family size (see Hans Rosling TED Talk), even Mexico see’s the light and with our new Pope they will have a chance. India’s “Rape” culture (left from caste system) is only now known because they are intent on doing something about it. Otherwise you never would have even known. Snowden wasn’t Indian or he never would have even thought of it.

@usagadfly, very true, but modern communication (internet) is rapidly changing that as the author vaguly points out. The poor are much more aware now than ever before. There are riots in Africa because they now see how far behind they are.

@Brotherkenny4, Right on!

@HamsterHerder, There is more to life than analy retentive analysis, yields, and markets. The Author was obviously try to talk about the bigger picture that includes social aspects. And sorry you were picked on in school, I didn’t mean to scar you and your friends, please forgive us ignorant bullies.

@pbgd, it will come. The banksters of the world are fighting very hard to stop such things. Hence the title of this article.

@Kailim, indeed, and it looks like the USCA is in that position now. Did we really win the last three or four wars? A large part of the world is laughing at us.

@2Borknot2B, unfortunately 95% of the 99% haven’t a clue as to what’s going on, and don’t care. I think they are though getting tired of wars and prosthetics. Wars are not as profitable as they once were. We no longer need fleets of ships, tens of thousand of vehicles and planes. A few drones and buying a few media outlets will do. Trying to change the world through your spending habits is just going to make a lot of frustrated people with the same crappy products and food, just bought and rebranded by the same upper 5%.
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It sure looks to me like the USA has perished and the USCA is an emerging global power.

Let’s hope more people read The Liberty Amendments and support its concepts even if they don’t like the author or the way he writes. Personally I think he gave president Obama to much credit in the book. He never should have mentioned him by name as he’s just a short term player in the big picture, and he’ll lose support form people that would otherwise have been supporters.

Wow, I really went to town on this one eh?

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By: Bozon http://blogs.reuters.com/edgy-optimist/2013/08/23/our-imperial-disdain-for-the-emerging-world/#comment-813 Tue, 27 Aug 2013 12:44:48 +0000 http://blogs.reuters.com/edgy-optimist/?p=287#comment-813 A lot of misguided ideas here.

Unfortunately,

you cannot economics your way out

of what I have termed

the globalization trap.

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By: Matt10101 http://blogs.reuters.com/edgy-optimist/2013/08/23/our-imperial-disdain-for-the-emerging-world/#comment-812 Tue, 27 Aug 2013 04:35:14 +0000 http://blogs.reuters.com/edgy-optimist/?p=287#comment-812 The author’s main argument seemed to be that so many Westerners look down on people in developing countries. Saying he’s wrong because people in developing countries can’t help themselves ironically proves the main point of his article. The article was more about ATTITUDES of people, predictions of developing nations being more self sustaining a side note.

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By: repelican http://blogs.reuters.com/edgy-optimist/2013/08/23/our-imperial-disdain-for-the-emerging-world/#comment-810 Mon, 26 Aug 2013 15:42:41 +0000 http://blogs.reuters.com/edgy-optimist/?p=287#comment-810 While at times I wondered about the author’s sincerity and strange leanings about where he stood on issues, he is so correct on this matter of Imperialism…..There are 7 recognized civilizations in Western History…Rome was the 7th…that should be a hint…Out of Rome came 4 with England winning the inheritance of Rome…We in turn are the next in line….Get It…. The Repelican knows…Do you? He does..

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By: 2Borknot2B http://blogs.reuters.com/edgy-optimist/2013/08/23/our-imperial-disdain-for-the-emerging-world/#comment-809 Mon, 26 Aug 2013 09:48:14 +0000 http://blogs.reuters.com/edgy-optimist/?p=287#comment-809 Sheep, My Crystal Ball is leaning towards all out world war, but with great intention from the 99% this can be avoided. The problem is that Fox controls most of the sheeple, who prefer the war machine. “They” can NOT figure out how to make a buck without using the War machine. Given the historical trend, placing your money in war and all things war is profitable. Or, removing your money from the MIC corps and not enabling bad behavior is the other option. Spending every single dollar as a vote on how you want the future to unfold is the only real voice a particular American has. Do Not Purchase Foreign Made Products. Do Not shop Walfart. Do Not purchase food grown outside of America.

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By: Kailim http://blogs.reuters.com/edgy-optimist/2013/08/23/our-imperial-disdain-for-the-emerging-world/#comment-808 Mon, 26 Aug 2013 07:23:27 +0000 http://blogs.reuters.com/edgy-optimist/?p=287#comment-808 Life is full of ups and downs, so do nations. During the course of 4000 to 5000 years of Chinese history, there are abundant ups and downs.

‘Imperial disdain’ for other nations did occurred in China in about 1850. That disdain led to total neglect of other nations’ technological and social advancement. The consequence was ongoing military defeats and humiliation in the coming 100 years.

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By: pbgd http://blogs.reuters.com/edgy-optimist/2013/08/23/our-imperial-disdain-for-the-emerging-world/#comment-805 Sun, 25 Aug 2013 21:19:14 +0000 http://blogs.reuters.com/edgy-optimist/?p=287#comment-805 There was a bombastic statement at the last BRICS Conference about the founding of a fantastic new bank to rival the WMF. Whnere is it, and why doesn’t it do its job?

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By: UauS http://blogs.reuters.com/edgy-optimist/2013/08/23/our-imperial-disdain-for-the-emerging-world/#comment-803 Sat, 24 Aug 2013 23:36:33 +0000 http://blogs.reuters.com/edgy-optimist/?p=287#comment-803 “European imperialists of the late 19th and early 20th century notoriously viewed their colonies as incapable of self-government.” – Well, BRICS countries are not entirely former colonies, but probably except Brazil, the above quote well applies, IMHO…

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By: HamsterHerder http://blogs.reuters.com/edgy-optimist/2013/08/23/our-imperial-disdain-for-the-emerging-world/#comment-801 Sat, 24 Aug 2013 13:17:15 +0000 http://blogs.reuters.com/edgy-optimist/?p=287#comment-801 As the president of an analysis outfit and management firm he should have already figured out what was going to happen to emerging market economies once the Treasury complex began to regress. And so now he attempts to goad western investors back into the emerging markets by calling them names. Didn’t anyone tell this guy that hope isn’t an investment strategy?

Well he can take some solace that many analysts today see yields headed back down in a fear trade, and some accompanying stabilization in the emerging markets.

But what happens if the yields in the Treasury complex are exploding not because the Fed stopped “easing” but because asset and risk price discovery have been so completely jacked up by central back machination that our bubblelicious markets can no longer operate efficiently?

As for the Progressive Financial Analyst du jur, he can put his money where his mouth is, but he probably doesn’t have any left, exposing the bitterness of his loses with the broad-brush abuse of words like “imperialist”. He reminds one of that whiney kid in second grade crying on the playground after somebody walked off with his sack lunch.

“IMPERIALIST!! RACIST!!”

EPHH U homeboy. I’m tired of hearing it.

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