Hi Anil. As I was reading your post, started looking at a slightly longer period of last 24 -36 months. Sharing some thoughts-
Our economy and its intrinsic strength are much better than just before covid hit us - somewhere the govt not only conserved doles but also fixed the broken pieces of the economy
Second, the opacity and high handedness of China, alienated it in the western world and that made them think of their over dependence on china factories....opening the door for India and other countries ..as you said in every challenge there is an opportunity...
Lastly, the excessive dependence on QE as the panacea for faltering economy was debunked, which once again proved that there are no free lunches forever...
Thank you for your thoughts. Couldn't agree with you more on your excellent observations. Even external referees seem to concur that India managed to avoid the covid-19 curve ball. Fingers crossed.
You are so correct. In my view, there are three categories of individuals who exist.
The first category are those who call themselves optimists, but in reality they are closer to hallucinating. They refuse to see ground reality in the belief that just the optimism will carry them through all situations.
The second category are the realists, who look at the reality as it is, but wish to handle the situation only optimistically.
The third category are the pessimists.
Over the next 2 plus years, i personally believe we will need many, many more of the second category.
We need to realise that the situation on multiple fronts looks complicated. Therefore, at no stage must the imagination dwell that, one fine day, the future will begin to look good. We are all authors of our own collective fate. Most of the threats we face today have arisen from actions taken that at one time looked like solutions to particular problems.
The current complications necessitate that our understanding or our collective fate needs to be broader and more universally holistic than a region or a country or a town or a community. Yet, once we understand what we need to achieve, nothing is impossible for humankind.
Thank you so much Niranjan. Your support, encouragement is so invaluable. Grateful.
Loved your categorisation of doers. Spot on. And you are so right about cause and effect of past actions, expecially with respect to environment. Glad India has delinked its own mitigation strategy from the larger debate over compensation linked to historical pollution contributions. The latter can and should be pursued, but domestic action can't wait. Climate change has begun to hurt.
A thought provoking signing off for the year Anil. What comes through is concern for health, well being, preservation and peace. A correlation between toxic emissions and industrial development has been established beyond any doubt and the West silently shifted their production to China, with damaging consequences for the environment and the rural poor in that country, especially in provinces that are engaged in extraction of rare earth; acid rain and irreversible damage to soil and ground water are resultant after effects. On the one hand is the compulsion for economic growth and prosperity and on the other side is the environmental consequences, harming the lives of people. Economic dominance results in the desire for political and geographical dominance and leads to war and misery for large sections of the global population. Let us hope and pray that 2023 is the starting point of global peace and happiness. Thanks for keeping our Grey cells working Anil. I look forward to reading your articles in the next year.
Thank you so much for your kind thoughts. And thank you also for elaborating the climate change fallout and its linkage to unbridled industrialisation.
Just hope the world has learnt its lessons from the pandemic and the senseless conflict between Russia and Ukraine.
Heartiest congratulations Anil for the informative , analytical and relevant Capital Calculus 2.0 , week after week, in the year 2022 . In your typical yet unique style you have highlighted the most salient events of the year in the Adios episode.
The observation of Bil Gates that the poorest may have become worse off calls for serious global contemplation and deliberation. Unfortunately he has further observed that the efforts towards such corrective has moved away from its objective.
Another re-bounce of Covid Pandemic will make less developed nations and even the vulnerable sections in the developed nations worse off . Hopefully 2023 can avoid consequent global and local economic upheaval ! Gates observation that the situation is as bad as in 1960s cannot be ignored !
Hi Anil. As I was reading your post, started looking at a slightly longer period of last 24 -36 months. Sharing some thoughts-
Our economy and its intrinsic strength are much better than just before covid hit us - somewhere the govt not only conserved doles but also fixed the broken pieces of the economy
Second, the opacity and high handedness of China, alienated it in the western world and that made them think of their over dependence on china factories....opening the door for India and other countries ..as you said in every challenge there is an opportunity...
Lastly, the excessive dependence on QE as the panacea for faltering economy was debunked, which once again proved that there are no free lunches forever...
Wishing you Happy New Year
Nimesh Shah
Dear Nimesh,
Thank you for your thoughts. Couldn't agree with you more on your excellent observations. Even external referees seem to concur that India managed to avoid the covid-19 curve ball. Fingers crossed.
Wishing you a Happy New Year too.
Best
Anil
Dear Anil,
An excellent and insightful article! Looking forward to reading more of your informative, unbiased and analytical articles in the new year!!
Thank you so much Vandana. And I look forward to your continued participation and insights every week. Have a great New Year.
Best
Anil
Once again, wonderfully written, Anil.
You are so correct. In my view, there are three categories of individuals who exist.
The first category are those who call themselves optimists, but in reality they are closer to hallucinating. They refuse to see ground reality in the belief that just the optimism will carry them through all situations.
The second category are the realists, who look at the reality as it is, but wish to handle the situation only optimistically.
The third category are the pessimists.
Over the next 2 plus years, i personally believe we will need many, many more of the second category.
We need to realise that the situation on multiple fronts looks complicated. Therefore, at no stage must the imagination dwell that, one fine day, the future will begin to look good. We are all authors of our own collective fate. Most of the threats we face today have arisen from actions taken that at one time looked like solutions to particular problems.
The current complications necessitate that our understanding or our collective fate needs to be broader and more universally holistic than a region or a country or a town or a community. Yet, once we understand what we need to achieve, nothing is impossible for humankind.
Thank you so much Niranjan. Your support, encouragement is so invaluable. Grateful.
Loved your categorisation of doers. Spot on. And you are so right about cause and effect of past actions, expecially with respect to environment. Glad India has delinked its own mitigation strategy from the larger debate over compensation linked to historical pollution contributions. The latter can and should be pursued, but domestic action can't wait. Climate change has begun to hurt.
Wishing you a very Happy New Year.
Best
Anil
A thought provoking signing off for the year Anil. What comes through is concern for health, well being, preservation and peace. A correlation between toxic emissions and industrial development has been established beyond any doubt and the West silently shifted their production to China, with damaging consequences for the environment and the rural poor in that country, especially in provinces that are engaged in extraction of rare earth; acid rain and irreversible damage to soil and ground water are resultant after effects. On the one hand is the compulsion for economic growth and prosperity and on the other side is the environmental consequences, harming the lives of people. Economic dominance results in the desire for political and geographical dominance and leads to war and misery for large sections of the global population. Let us hope and pray that 2023 is the starting point of global peace and happiness. Thanks for keeping our Grey cells working Anil. I look forward to reading your articles in the next year.
Dear Gautam,
Thank you so much for your kind thoughts. And thank you also for elaborating the climate change fallout and its linkage to unbridled industrialisation.
Just hope the world has learnt its lessons from the pandemic and the senseless conflict between Russia and Ukraine.
A very Happy New Year to you too Gautam.
Best
Anil
Heartiest congratulations Anil for the informative , analytical and relevant Capital Calculus 2.0 , week after week, in the year 2022 . In your typical yet unique style you have highlighted the most salient events of the year in the Adios episode.
The observation of Bil Gates that the poorest may have become worse off calls for serious global contemplation and deliberation. Unfortunately he has further observed that the efforts towards such corrective has moved away from its objective.
Another re-bounce of Covid Pandemic will make less developed nations and even the vulnerable sections in the developed nations worse off . Hopefully 2023 can avoid consequent global and local economic upheaval ! Gates observation that the situation is as bad as in 1960s cannot be ignored !
Dear Balesh,
Thank you so much for your kind words. Much appreciated. Grateful to readers like you who keep me inspired to turn up week after week. 😊
Bill Gates observations are spot on. I always look forward to his annual letter for guidance.
Look forward to your continued participation in this newsletter.
Best
Anil