We, most of Indians, are very well known for procrastination habits. Our culture, tradition and most important conditions are responsible for that. Charles Darwin’s theory “Survival of fittest” is appropriately applicable over our life style. Our whole life is into vein, into struggle, where we are trying to carve out a niche. We are also well known creature on the earth for hard work (attitude) for mere pennies.
These contradictory thoughts (one way procrastinations & other way hard working attitude) are continue to boggle my mind since the last few sessions. …Yeah, I may be wrong with contradictory statements made above, but matter of fact is, ….this is incredible India…where unity in diversity …perfection in contradiction are the popular slogans for survival.
Like millions of Indians, I am also great follower of Mr APJ Abdul Kalam, who wore country’s top crown of presidency in recent past. His impressive life style and hair style influenced me to know little more of him and I ended up by reading his auto biography “Wings of Fire”. Being a very short in memory, I don’t remember the entire story but Mr Kalam mentioned that he likes attitude of Americans, who do not linger problems and love to shoot it out from root at very early stage, unlike Indians, who carry it through entire life and sometime after that also.
Why are not Europeans taking clue from Americans?,……There was time in mid 2011 when everyone was concerned of America’s mounting debt scenario. People were of the view, including me, that China or may be down the line India, are most likely to replace world power in next 30-50 years horizon. US currency was in doldrums. However, few of my colleagues, obliviously more experienced, were very confident that US is known for accepting their mistakes at very early stage and taking the corrective actions quickly. Now days, there is too much pessimism around the world, everyone is thinking that other countries are going to die tomorrow except US. Hence all are buying only USD to survive in future. As a result, US Treasury bond yield has gone down below it was in World War II in 1945. I could not understand, this is the ability of US to recover itself too quickly or it is disability of European countries, where PIIGS are continuously in need of bail out …firstly it was Ireland than Greece and now Spain. Germany is trying to save her own nose …and continue to linger the problem. More than 1 trillion euro has been infused in the system till date. Why not let Greece go to bankrupt? Why are those (Europeans) lingering its bankruptcy? Why are those not clear with their object? They want to save the nation or to save world? If we try to understand economic discrepancies, in both the scenario either you save it (Greece) or lose it ….world is going to be net sufferer, off course Greece too. Now moot question is that which one is the best way to follow? Bail it out or let it bankrupt? Or in which scenario disaster is likely to be lesser?
See the attitude of Germany & America ....Angela Merkel is always in discussion of austerity with European nations where Barack Obama is suggesting her to focus more on growth. Entire scenario reminds me of my heart’s closest story of a farmer, who was indebted with huge amount (~10 times of his income) of debt and lost his mental control in wiriness. Than his educated son, of whom education expenses were responsible for indebted condition of his father, took over his father’s legacy crown and followed American model of trouble shooting. He sold out his ancestor’s 1/6th assets (mainly land) to bailout his father and to follow growth model. No doubt, after 4 years of his decision, he is riding high on the growth of above 3 times of country’s GDP CAGR, but in the process, he lost his father. Poignancy is that individuals are important for their near and dear ones, nations are important for their citizens. Nations are immortal …if defaulted…require many times energy to regain their status. Same like poor farmer…who could not consolidated his energy to regain his status …and lost his life. Still, rich son of poor dad evaluates his past and often has discussions with me….”was I wrong? ….did I took decisions with immaturity in hurry? Or do I have lingered the problem for few more years to save my father’s life?” …..I don’t have answers for his query but have a second thought in mind.” It depends on preference …what is important for you? Lingering with problems but enjoying family OR enjoying success, living dreams of your ancestors and constructing stairs for coming generations to ease the path?” it’s all up to you….. if you have guts to take challenges…take them and prove yourself…..there is no definite solution of economic problems…. no matter which way you follow….hit the bull’s eye at the end!!!
