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The Deal
by Salil Kumar on Jul 18, 2008 05:54 PM   Permalink

Well put sir. Even though it is a fact that our politicians or for that matter bureaucrats cannot be trusted, the fact is that even a flawed deal with the US willl anyday be better than any deal with the rest of the options in hand. The very openess and nature of a US alliance will ensure that eventually our interests converge better. The US will see India a a market, and over time, they will have enough investments in India to ensure that they think about dealing with India on terms that donot endanger those investments. Look at China. With over 200 billion in western investments over the past decade plus, they know that despite whatever outrages they commit when it comes to human rights or otherwise, the west will always stop short of outright action against them. The US has over the past few years actually become an abject partner for the chinese. Which makes me wonder, if only the oil spike could have been held back by another 18 months or so, the arabs would have invested enough money outside their country to feel the pain of rising oil prices indirectly, by way of lower valuaes for their massive investments. The fact is that today, they do feel the pressure from their intl investments, which are sizeable. It's just that this pressure is not enough to make them want to see a major drop in oil rates.

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