Saturday, January 19, 2013

END OF THE WORLD: FROM MAYAN TO ‘OBAMA’YAN

Perhaps it’s already too late to save the world of its various ills; a primer

Economists who support the growth of nuclear arsenal (yes, they are there!) forward the hypothesis that in the modern era, weak countries are arming themselves not with an intention to attack, but with an objective to dissuade other stronger countries from attacking them. The theorem does hold credibility – when Pakistan attacked India’s borders, India was constrained in its response due to Pakistan’s visible atomic base.

However, those are not democratic and sane governments that rule all countries across the world. Studies have shown, but obviously, that even a limited nuclear war would devastate the world. And the day an autocratic or military ruler decides push has come to shove and the time to decimate the opponent is now, many more than the two of us would wish we were living near the Thames in London.

What the world today requires is a foolproof non-proliferation policy. Comprehending the vibes, Obama has already amended his policy to protect the world from nuclear terrorism. During his April 2009 speech in Prague, he delineated his arms control and non-proliferation agendas and promised a US-led international effort to secure “all vulnerable nuclear materials” within the next four years. That is the most far reaching agenda any US President – for that matter, any premier across the world – has announced in history. To start it up diplomatically, in the recent G8 Summit in Italy, he announced a Nuclear Security Summit in 2010 to combat nuclear smuggling and prevent nuclear terrorism.

Obama knows his priorities too well – the US considers climate emissions control its last priority on the ‘save the world’ list; the December Copenhagen summit will be proof enough. We aren’t complaining about that...


Source : IIPM Editorial, 2012.
An Initiative of IIPMMalay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).

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