Skip to main content

USAs Focus on Revival of the Economy - a Response to Erik's Post

Erik wrote that Obama is going all out for the economy, or atleast thats what I thought. Now the moot point is does the USA have a segment of population which may be deprived comparatively but willing to work on building infrastructure - plumbers / masons / carpenters etc, in the numbers required and with the requisite skills. The industrial sector generated jobs with stability as did the mining sector; the environmental lobby and the changing mores of society caused this sector to lose importance and consequently jobs. The retail sector and the financial sector specially is not the real economy and can never replace the stability of the manufacturing industry. Also you cannot sustain an economy by an industry based on cutting edge technology alone as the USA had planned and outsource smokestacks to developing countries.
This is the main issue. Even in rare earth minerals, the USA closed its mines and is now dependent on China. The Chinese can always dictate terms on such strategic issues . The USA has to consider this aspect as they have lost employment opportunities in addition to another country being their main supplier.

Erik maybe I am off track sitting thousands of kms away, but this is a thought that can be considered.

Comments

Popular posts from this blog

The Role of NABARD in the Economic Development of India

  The Role of NABARD in the Economic Development of India  By Dinesh Kumar Kapila, Chief General Manager (Retd), NABARD .   (Written as requested within 850 words for Business Sandesh, Published on 1st Aug 2025)  The National Bank for Agriculture and Rural Development (NABARD) plays a crucial role in advancing rural development in India through a multifaceted  approach . Established in 1982  by an Act of  Parliament,  NABARD ,  a  statutory  apex development al financial institution ,  has the  mandate to foster agricultural and rural development  by  sustainable and inclusive growth  with a  focus on both financial and non-financial interventions .  NABARD plays a crucial role in  the  growth of the rural economy   through a range of functions. These include refinancing rural financial institutions  for short term credit  for agriculture , refinancing banks and NBFCs for i...

The Forgotten Unsung Heroes of the Battle of Madhumati. 1971. Bangladesh. 45 Cavalry.

  The Forgotten Unsung Heroes of the Battle of Madhumati. 1971. Bangladesh. 45 Cavalry. By Dinesh K Kapila  (Chief General Manager (Retd). NABARD (As discussed with Major General (then Major) Pramod   Kumar Batra, Retd and Other Veterans)  (Published by Vayu Defence Magazine) Just a Glimpse – Cdr 62 Mountain Brigade – “Pramod, I believe it is hard to maneuver PT 76 tanks in this terrain and waters”. Pat is the answer, “it is hard and I may struggle, but you will never see me to give up or fai”l. They stood together, on the edge of the swift flowing Madhumati, the staff and soldiers waiting. It was dark. Very Dark. After waiting for some time the Bde Cdr had said, “lets go”. Major PK Batra vividly recollects even now watching the Cdr's face as he looked at the map with a torch. He was calm and very quiet, showing ,no fear or afraid and maintaining a dignified silence. He remembered the old saying, "Uneasy lies the head that wears the crown". It was a moment in...

Farmer Producer Companies – Gray Areas to Address

  Farmer Producer Companies – Gray Areas to Address. By Dinesh K Kapila, CGM (Retd) NABARD (Published in Business Sandesh on 01/01/2026)   There are now enough reasons to think that there is an effective   FPO movement in our nation. It is broadly articulated that FPOs are inherent for a new deal for rural India and to promote entrepreneurship. FPOs also figure as an integral part of discussions in several forums on agrarian issues and deliberations on an appropriate policy and ecosystem to   support them. Despite the unprecedented growth in the number of FPOs (Farmer Producer Organisations) being formed across the country, are there challenges faced by the FPOs? Are these challenges faced by most new organizations or do they need policy changes. Or operational reorientation. Discussions with practitioners (Mr Punit Singh Thind and Mr Kamaljit) were enlightening as with some officials. A moot point, any large movement or drive, by its very nature, is normally b...