For instance , Wall mart employs hardly 250000 people to carry on a trade volume and India's retail trade has a trade volume which is comparable but employs 50 million people. Capitalism says this is inefficient way but gandhian approach says this is the way we can face the challenge. Similar is the farm sector in India and US. Unlike the policies propuonded by WTO, it is still good for humanity to have trade based on Comparative cost advantage, with a little help to poor countries. That means protecting some domestic enerprises and sectors ,
US should learn simpler living. President has found at last that he cannot depend on middle east for oil for all time to come. The way US social spending is organised is inefficient and unwanted. If US demand for products world over should reducd drastically, the growth of China and India would be cut down. It is good for them. They will then try to solve their problem internally.
Science may yet produce the trump card. We the humans may colonise the space. Then all the population of the world may not be enough to face new challenges of production and growth! With so much oportunity open, infightimg and war amongst people of the world to command resources may simply stop.
Let us think globally as one human family.
k.s. parthasarathy, Bangalore, India. e mail: kalalepsarathy at gmail.com
-- kalalepsarathy