India
The article highlights the same old problems. The solution however is better - open markets. Farmers bear too much risk in Agriculture and are not compensated adequately. For example see this. But de-risking agriculture is not easy. Here is my paper explaining the problem and the solution.
Do We Need Banks?
Do We Need Banks?
Menaka Doshi pointed to this post yesterday by JR Varma. The article is important for the links in them. Amol Agarwal points to some other post by JR Varma first being Are banks too opaque? and next being Can radical blockchain technology decrease banking frauds? I am not sure I agree but both are worth reading. May need a longer post.
International
Martin Wolf examines the problems with Macroeconomics. Unfortunately, theoretical economists often ignore the empirical findings that contradict their views and thus delay the progress of economics.
DAvid Warsh talks about Benn Steil book Marshall Plan. From the article it seems it is worth a read. The Marshall Plan (economic assistance to Europe) was part of the Marshall Plan. The other part of the plan was to keep Soviets at bay. In fact, it seems the Marshall Plan was a tool to accomplish Soviet containment. India and its neighbors need this kind of Marshall Plan against China.
There is something really wrong with US healthcare costs.
World War Watch
China's stealth wars in the Himalayas
World War Watch
China's stealth wars in the Himalayas
Bramha Chellaney highlights the extent of China's designs. That does not bode well for India. Even Arunachal Pradesh is at risk. India better act fast. Also, with Belt-Road through Pakistan-Occupied-Kashmir, India could face two front war - both fronts with China!
China tests driverless tanks that could be powered by artificial intelligence
That is something to watch out for on Arunachal borders.
US Pacific Command supported selling F-35 fighter jets to India.
Lockheed is pitching for production line for F16. I would take it if it comes with production line for F35 too. That would be super. F35 is quite a capable aircraft. As one pilot described it, US aircraft are like racing cars - you have to take real good care of them. Russian aircraft are more like monster trucks - they stand up to abuse fairly well. In that context India's Russian aircraft dependence suits us. But eventually we have to move to these US-style fighters. Saab's Gripen will also be similar. Also Saab is going to assist with Tejas. India will be one country with both Russian and Amercian weapons in its armory.
China tests driverless tanks that could be powered by artificial intelligence
That is something to watch out for on Arunachal borders.
US Pacific Command supported selling F-35 fighter jets to India.
Lockheed is pitching for production line for F16. I would take it if it comes with production line for F35 too. That would be super. F35 is quite a capable aircraft. As one pilot described it, US aircraft are like racing cars - you have to take real good care of them. Russian aircraft are more like monster trucks - they stand up to abuse fairly well. In that context India's Russian aircraft dependence suits us. But eventually we have to move to these US-style fighters. Saab's Gripen will also be similar. Also Saab is going to assist with Tejas. India will be one country with both Russian and Amercian weapons in its armory.
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