Time to Share the Top Spot, America
By Bashir Goth
There is no doubt that this financial meltdown marks a defining moment for America's global influence. My guess is that America will weather this crisis, partly due to the government rescue plan and partly due to the ingenuity of the American people. But it is also my guess that the rest of the world may not be ready to undergo the same fear again and may opt to build shock absorbers against any similar future eventualities.
It is natural for a country to reassess its socio-economic situation and draw plans to guarantee healthy future trade with the outside world. We have precedents in the Great Depression and how it brought in big government role into the U.S. economy, the Marshall Plan after WWII and how it created a new world economic order and the 1973 Oil Shock that brought the issue of energy security to the fore.
It was in the aftermath of the Oil Shock that US created the strategic Petroleum Reserve in 1975, and the Organization for Economic Cooperation and Development (OECD) founded the International Energy Agency (IEA) in 1974, and launched a vigorous push for the search of alternative energy.
In the same way, it is obvious that the U.S. financial crisis will herald a kind of a "New Deal" for world economic cooperation. Many African, Caribbean and Pacific leaders currently meeting in Ghana have realized that their trade with the so-called emerging economies such as China, India, Brazil and South Africa as well as Australia has cushioned their economies against the impact of the U.S. financial crisis. That's an indication that the U.S. is losing its world trade dominance. That should invigorate trade between regional blocks such as Africa, Asia and Europe.
Yes, with its economic and military might, America will continue to have a great influence on world affairs. But one may wonder whether America will still dictate the terms as usual, or whether it will find itself in a new territory. The U.S. may need to readjust its bearings, sharing space and influence with newcomers.
Newsweek/Washingtonpost.com/PostGlobal
Saturday, October 11, 2008
Sunday, September 28, 2008
Today's Capitalism Has Run Its Course
By Bashir Goth
As the free market economy makes a free fall, all kinds of prescriptions will come to mind, including socialism. A Somali proverb says: "Nin buka boql u talisay" (a sick man gets 100 advisers). Socialist-minded gurus and those who feel left behind by capitalism's unprecedented generation of wealth may need to shout "gotcha," but one thing that could be unanimously agreed by at least uninitiated armchair observers like me is that capitalism in its current free reign and globalized fit for all structure has run its course. Just like we need and preach biodiversity in the field of ecology we need eco-diversity in the economic world.
The Scandinavian countries have for many years practiced a blend of popular socialism and capitalism and as a result they have attained educational excellence, economic prosperity and guaranteed government healthcare for every citizen. In many of the developing economies and the Third World, the public sector played a major role in cushioning the poor sectors from economic hardships. But since the explosion of information technology, the emergence of the Internet, the dot.com bubble trading, the behemoth multinational companies that swallow everything in their path, the hurricane of speculative market that pops up money like pop corn machine, every country in the world was hard pressed to toe the line and accept global standards of American free trade including the privatization of public institutions that provided a semblance of security to the local masses and enabled governments to maintain some sort of peace and stability.
Globalization demanded uniformity in free markets and exported the concepts of ultra-modern Wild West banking systems, hedge funds, dubious corporate debt rating companies, putative mortgage systems and layers above layers of "Après moi le deluge" mobile companies have taken over the world.
Newsweek/Washington Post/Postglobal.
By Bashir Goth
As the free market economy makes a free fall, all kinds of prescriptions will come to mind, including socialism. A Somali proverb says: "Nin buka boql u talisay" (a sick man gets 100 advisers). Socialist-minded gurus and those who feel left behind by capitalism's unprecedented generation of wealth may need to shout "gotcha," but one thing that could be unanimously agreed by at least uninitiated armchair observers like me is that capitalism in its current free reign and globalized fit for all structure has run its course. Just like we need and preach biodiversity in the field of ecology we need eco-diversity in the economic world.
The Scandinavian countries have for many years practiced a blend of popular socialism and capitalism and as a result they have attained educational excellence, economic prosperity and guaranteed government healthcare for every citizen. In many of the developing economies and the Third World, the public sector played a major role in cushioning the poor sectors from economic hardships. But since the explosion of information technology, the emergence of the Internet, the dot.com bubble trading, the behemoth multinational companies that swallow everything in their path, the hurricane of speculative market that pops up money like pop corn machine, every country in the world was hard pressed to toe the line and accept global standards of American free trade including the privatization of public institutions that provided a semblance of security to the local masses and enabled governments to maintain some sort of peace and stability.
Globalization demanded uniformity in free markets and exported the concepts of ultra-modern Wild West banking systems, hedge funds, dubious corporate debt rating companies, putative mortgage systems and layers above layers of "Après moi le deluge" mobile companies have taken over the world.
Newsweek/Washington Post/Postglobal.
Friday, July 11, 2008
Bush Could Score Points in Africa
By Bashir Goth
The Current Discussion: The G-8 summit is Bush's last hurrah as a world leader. What's one thing he can do to strengthen his legacy?
If there is one thing that President Bush can achieve in the dying days of his presidency, it should involve Africa. Everything else seems to be complex and too messed up to even think of fixing in the time available. Regarding the Arab-Israeli issue, it is obvious that Bush cannot undo in six months a problem that is sixty years old. He must have encountered the insurmountable walls of the Middle East peace during his two-term presidency. His trusted State Secretary’s frequent visits and proverbial skills couldn’t put the Middle East’s Humpty Dumpty together again.
The situation in Afghanistan and Iraq could also be added to the Humpty basket although history may treat the situation of these two countries differently long after the Bush era is gone.
One place however that Bush can score highly and pragmatically is Africa. As food and fuel prices spiral and the worry about impending and continent-wide hunger adds more burden on the already stretched economies of Africa, Bush can initiate an African agricultural revolution by initiating a Marshall Plan to provide necessary equipment and expertise to African farmers to increase both the quality and quantity of their produce and their competitiveness in world markets.
READ MORE Newsweek/Washington Post/PostGlobal
By Bashir Goth
The Current Discussion: The G-8 summit is Bush's last hurrah as a world leader. What's one thing he can do to strengthen his legacy?
If there is one thing that President Bush can achieve in the dying days of his presidency, it should involve Africa. Everything else seems to be complex and too messed up to even think of fixing in the time available. Regarding the Arab-Israeli issue, it is obvious that Bush cannot undo in six months a problem that is sixty years old. He must have encountered the insurmountable walls of the Middle East peace during his two-term presidency. His trusted State Secretary’s frequent visits and proverbial skills couldn’t put the Middle East’s Humpty Dumpty together again.
The situation in Afghanistan and Iraq could also be added to the Humpty basket although history may treat the situation of these two countries differently long after the Bush era is gone.
One place however that Bush can score highly and pragmatically is Africa. As food and fuel prices spiral and the worry about impending and continent-wide hunger adds more burden on the already stretched economies of Africa, Bush can initiate an African agricultural revolution by initiating a Marshall Plan to provide necessary equipment and expertise to African farmers to increase both the quality and quantity of their produce and their competitiveness in world markets.
READ MORE Newsweek/Washington Post/PostGlobal
Thursday, July 03, 2008
UN Condemnation Too Little, Too Late
By Bashir Goth
Although one has to be delighted about this unprecedented unanimous condemnation of Robert Mugabe, one cannot also ignore that this has come too little too late. The world has been watching this African tyrant rob his people of their last dignity and turn a country that was once described as Africa’s bread basket into destitution. As I had stated in an earlier piece on Zimbabwe, the world knew that Zimbabwe was deteriorating into another African tragedy.
Since he came to political prominence in the 1960s, Mugabe was always concerned about Mugabe. Relying on the majority force of his Shona tribe, he eliminated the late Joshua Nkomo, a man known as Father Zimbabwe and the founder of the first freedom movement. In the 1980s he massacred 20,000 Ndebele civilians, Nkomo’s tribe, to declare himself as an autocrat. Mugabe considers himself a divine ruler who only God can remove from rule; he cannot allow a novice politician from his own Shona tribe to challenge him when he has subdued the independence heroes from the Ndebele.
Newsweek/Washington Post/PostGlobal
By Bashir Goth
Although one has to be delighted about this unprecedented unanimous condemnation of Robert Mugabe, one cannot also ignore that this has come too little too late. The world has been watching this African tyrant rob his people of their last dignity and turn a country that was once described as Africa’s bread basket into destitution. As I had stated in an earlier piece on Zimbabwe, the world knew that Zimbabwe was deteriorating into another African tragedy.
Since he came to political prominence in the 1960s, Mugabe was always concerned about Mugabe. Relying on the majority force of his Shona tribe, he eliminated the late Joshua Nkomo, a man known as Father Zimbabwe and the founder of the first freedom movement. In the 1980s he massacred 20,000 Ndebele civilians, Nkomo’s tribe, to declare himself as an autocrat. Mugabe considers himself a divine ruler who only God can remove from rule; he cannot allow a novice politician from his own Shona tribe to challenge him when he has subdued the independence heroes from the Ndebele.
Newsweek/Washington Post/PostGlobal
Sunday, June 15, 2008
PostGlobal Takes the World's Pulse
By Bashir Goth
The Current Discussion:PostGlobal celebrates its second birthday this week. Is there a growing global agenda -- that is, an agenda of issues being discussed that affects the world rather than individual countries? Or are local concerns still paramount?
PostGlobal has tackled local issues with global perspective. Realizing the need for a common understanding of world issues, this international debate forum has ushered in a new genre of innovative popular journalism. A kind of a unified voice in diversity, a media outlet where writers of different cultural backgrounds find a level playing field to express the anger, the frustration, the suffering, the development, the thinking, the cultural misconceptions and the stifled political views of their communities as well as shared human desires for justice, freedom and understanding.
PostGlobal has become a forum to air the voice of the silent majority; to reach out to readers across the cultural divide and to give them the opportunity to know the mind of the Other; to help them understand that the common desire for universal justice, freedom and respect for human dignity makes the notion of Us versus Them obsolete.
READ MORE in Washington Post's PostGlobal.
By Bashir Goth
The Current Discussion:PostGlobal celebrates its second birthday this week. Is there a growing global agenda -- that is, an agenda of issues being discussed that affects the world rather than individual countries? Or are local concerns still paramount?
PostGlobal has tackled local issues with global perspective. Realizing the need for a common understanding of world issues, this international debate forum has ushered in a new genre of innovative popular journalism. A kind of a unified voice in diversity, a media outlet where writers of different cultural backgrounds find a level playing field to express the anger, the frustration, the suffering, the development, the thinking, the cultural misconceptions and the stifled political views of their communities as well as shared human desires for justice, freedom and understanding.
PostGlobal has become a forum to air the voice of the silent majority; to reach out to readers across the cultural divide and to give them the opportunity to know the mind of the Other; to help them understand that the common desire for universal justice, freedom and respect for human dignity makes the notion of Us versus Them obsolete.
READ MORE in Washington Post's PostGlobal.
Saturday, May 17, 2008
Somaliland overrides 17 years of underestimation
By Bashir Goth
Come 15th of May and they have sworn on hell breaking lose; the naysayers. They trumpeted, with weird satisfaction, the imminent death of the Somaliland’s dream; the doom prophets. They misjudged our people’s wisdom, derided our nation’s resolve and underestimated their history; hired spin doctors. They used all kinds of scare tactics: tribal cards, myopic and jaundiced geopolitical theories, and marshaled all slander expletives in the book; the fifth columnists. They tried to rubbish our peace and stability and our homegrown democratic process as a child’s play before ensuing tantrums; blog pundits. They mistook our political debates as gathering death clouds over our skies; the hate mongers. They predicted doom, death and disarray; all Somaliland enemies.
But to their great disappointment 15th of May has come and gone and they saw Somaliland still standing as peaceful as ever, as stable as ever, as resolved as ever, as ambitious as ever and as wise as ever to put their house in order and to forge ahead with even greater tenacity to sustain their democracy, strengthen their institutions and maintain the international image they have earned as “Africa’s Best Kept Secret.”
With their government, their opposition leaders, their elders and the whole people, Somaliland has again proved wrong those who misread its democratic debate as political crisis and sang for the collapse of what they had sworn to be another myth of a much hyped bubble of an African success story.
Somaliland has once more set a brilliant example of how a small and unrecognized African country can resolve its conflicts; maintain its peace and stability and hold a robust democratic debate with all its labor pains without any foreign help, without Security Council decisions, without foreign mediation efforts, without regional reconciliation conferences and without expensive peacekeeping forces.
Read more Washington Post/PostGlobal.
By Bashir Goth
Come 15th of May and they have sworn on hell breaking lose; the naysayers. They trumpeted, with weird satisfaction, the imminent death of the Somaliland’s dream; the doom prophets. They misjudged our people’s wisdom, derided our nation’s resolve and underestimated their history; hired spin doctors. They used all kinds of scare tactics: tribal cards, myopic and jaundiced geopolitical theories, and marshaled all slander expletives in the book; the fifth columnists. They tried to rubbish our peace and stability and our homegrown democratic process as a child’s play before ensuing tantrums; blog pundits. They mistook our political debates as gathering death clouds over our skies; the hate mongers. They predicted doom, death and disarray; all Somaliland enemies.
But to their great disappointment 15th of May has come and gone and they saw Somaliland still standing as peaceful as ever, as stable as ever, as resolved as ever, as ambitious as ever and as wise as ever to put their house in order and to forge ahead with even greater tenacity to sustain their democracy, strengthen their institutions and maintain the international image they have earned as “Africa’s Best Kept Secret.”
With their government, their opposition leaders, their elders and the whole people, Somaliland has again proved wrong those who misread its democratic debate as political crisis and sang for the collapse of what they had sworn to be another myth of a much hyped bubble of an African success story.
Somaliland has once more set a brilliant example of how a small and unrecognized African country can resolve its conflicts; maintain its peace and stability and hold a robust democratic debate with all its labor pains without any foreign help, without Security Council decisions, without foreign mediation efforts, without regional reconciliation conferences and without expensive peacekeeping forces.
Read more Washington Post/PostGlobal.
The Affordable Chinese
By Bashir Goth
China makes into way to the hearts and minds of developing countries by building roads, sports stadiums, national theatres and water wells. Chinese businessmen come to Africa, for example, with a spade, hammer and cash in one hand and their cheap merchandise and business deals in the other. Mention America, and people will immediately think of its firepower; mention China, and people will point at everything they use in their homes, offices and farms.
Read More in Washington Post/PostGlobal.
By Bashir Goth
China makes into way to the hearts and minds of developing countries by building roads, sports stadiums, national theatres and water wells. Chinese businessmen come to Africa, for example, with a spade, hammer and cash in one hand and their cheap merchandise and business deals in the other. Mention America, and people will immediately think of its firepower; mention China, and people will point at everything they use in their homes, offices and farms.
Read More in Washington Post/PostGlobal.
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