Caveat emptor (or Life, Liberty, and the Pursuit of Other People's Happiness)

The India-US nuclear deal is a business deal, not a political one. Business deals are made with profits in mind. No one cares how you make the profit. Morals are for morons and rules are for fools. Even patriotism has no place in a business deal and if we're dealing with America Inc., we should be prepared to roll up our sleeves and dig in for a long night.

We cut a deal when we opened up the economy in 1991 because we had our backs to the wall - we couldn't get down any lower than we'd sunk and the only way up was if Indian and foreign private investors pulled us out of the frog well we had dug ourselves into which they thankfully did with aplomb. In 1991, that was the right thing to do, and it's done wonders for our economy (of course, it obliterated an entire class of people in the bargain, but who cares? We can't see them and we can't hear them anyway). More importantly, it's done wonders for 'being Indian.' It's not easy to command respect for intellect and we've won that from the world community. Most of all, it has made the double-faced "socialists" (at least the Nehruvian variety) completely irrelevant - they have now become a stupid joke that we're desperately trying to hide and forget. I still remember our shock when we first learned that foreign investment would be allowed in banks and the insurance sector. Today, foreign banks are in direct competition with our nationalized banks - an unthinkable thought even as recently as in the 80s. Banking has no doubt been transformed from what it used to be traditionally, but the customer is happy with the choice. This is true of every sector and all products. Competition is the only thing that will improve quality in products and in services. All fine till now.

What we perhaps should not have done is put all our eggs in one basket: that of America's. Not only did we put our eggs in, we've given away the basket for America to hold, and now God help us if she drops the basket. America is a brilliant economic success story, and she got that way by driving a hard bargain. Everything in America is driven by their business - includng their politics. America is a good economic partner to trade with as long as she's one of many trade partners. As a trade partner, America has simply thrown a whole lot of goods and services into economies around the world and then barged in right behind with her promise of a dream. For countries like India, used to decades of monopoly, lack of competitiveness or competition, and Mother Russia's "socialist" crap that was bandied about as God's word, a little thing like this sudden flood of quality goods into the market was enough to turn on the lights. Life, liberty, and the pursuit of other people's happiness won America instant friends and foes (of course, all of America's foes were her one time friends and vice-versa).

America will hawk her dreams to the highest bidder and you can't expect her to do business any other way. Remember Godfather? "It's nothing personal." But what happened to our caveat emptor? We are a young country, and there is plenty of opportunity for us to learn from the history of the world. We should've looked at other business partners too; we should've looked at other econmies that took this path before us and learnt our lessons well - we should've spread our risk.

I was watching a YouTube video of John Perkins, author of "Confessions of an Economic Hitman" speaking at the Veterans for Peace National Conference in Seattle last year. Perkins says America comprises 5% of the world's population, but they use 25% of the world's resources (twenty-five percent) and cause 30% of its pollution. To me, it's not shocking that America does this but that she gets away - that the rest of the world, the other 95% cannot tame a brat. We can't because we're too tied in with her.

Now for the nuke deal: So we let America in. Today, America's business stakes in India are very high, so she's stepping in to look after herself. All this talk of "strategic partnership" and a new world order is a lot of hogwash. Let's just suppose America was not in the Indian economy as much as she is today. Would she have signed a deal with us to ensure continuous energy supply to India? Of course not! Why would she? Why should she? America doesn't owe us a living but because we forgot our caveat emptor clause, now we owe her a living. Unfortnately, America lives life king size. And of course, there's a throw-in sideshow: Is there a better way of keeping India-China-Pakistan at each other's throats than to sign a civilian nuclear energy cooperation deal with India, supply arms to Pakistan, and create an exaggerated China label scare? ("Duck! The Chinese are coming! They have lead in their toys!")

We let America in. That's what we needed to do nearly 2 decades ago. We have to believe that what we did when we did it was the right thing to do. Now, we have to live with the consequences. There is no doubt that the deal benefits India in many ways. In fact, staying out of the non-proliferation treaty and getting a 30-year nuclear technology embargo revoked are in themselves no mean achievements. We've also retained our right to reprocess fuel for civilian use. It's not the bail-out that it's being made out to be by the Left (yes, the same jokers we're desperately trying to hide and forget). We have to face the fact that our energy demands will in the very near future outstrip supply and if that is allowed to happen, there is a real danger that the economy will tank, so this is a good deal for us too, but if we're looking for an even-handed deal, we're dealing with the wrong market...and the wrong goods. For those who are worried about hidden landmines, we know they will be there. All business deals have fine print. The question is whether we're worried about the author or the story. If it's the author that we're worried about, it's a little late in the day (only 20 years late). If it's the story, we shouldn't worry - afterall, pussyfooting around hidden landmines is an Indian art form.