Energy, Finance, Lost Democracies
Energy Policy detrimental to emerging markets?
Financial and energy policy are directly linked to how emerging democratic countries decide whether to follow the U.S. lead or those of competing governments such as China, Russia, or some Strong-armed dictatorship such as those operating in South America.
The failure of the U.S.. Government to regulate its financial institutions and its markets is bound to have a negative effect on how our world partners view the stability of the dollar and the banking institutions. futhermore, the market has been relieved of billions of dollars in capital as other countries place their investments into more secure investment instruments.
Any effort to change the banking and market mechanisms is going to bring out a counter-cry of protest from those who have enjoyed favored status in both the banks and the markets, however, it is clear that new democracies no longer accept that the U.S. has the best system to model after.
Many nations in Africa are following the Chinese system which has performed brilliantly for decades. Some South American Countries are bitter that the U.S. wants the burning of the rain forests stopped, especially in view of the way the United States has allowed world energy companies unrestricted use of mining and gas projects. These companies often go in, extract the resources and then leave the tailing's and debris for others to clean up. this policy is devastating to the Eco-system. The consequences for global warming have been highly correlated.
A national energy policy has not translated well to all the states. some are making heroic efforts to clean up the effects of strip mining, river pollution, and conservation. Others skirt around the federal regulations. One thing is certain. There appears to be no nation -wide policy that gets full state cooperation.
Unless our energy and conservation policy is brought together in all the states, the results will fall short of a solution to the negative effects of oil policy controlled by rogue nations and the continuation of global warming at an advanced rate.
General Motors is a prime example of a U.S. Company that followed its own conservation practices, while laughing at the conservation efforts of the national government. In fact after the bail -out of GM; their ads continue to specifically target high horsepower and high performance automobiles that burn more than recommended amounts of gasoline.
The United States will need future, greater alliances with countries such as India, Brazil, and selected countries in Africa. It would be well to educate and recruit foreign officers from these countries. Russia has shown colors not friendly to the U.S. or anyone else. their record in the stock market is short of thievery. While they may excel in chess, they would be wise to follow the U.S. stock markets for stability. Even during this last fall off, confidence is returning in the U.s. dollar and in the stock markets.
There is a need to train linguists and engineers who wish to work and settle with their families in developing countries. The experience of the Peace Corps brought ample evidence of successful cross -cultural programs in diverse cultures and countries.
In fact, these frugally funded, people intensive programs seem to have worked better than more formal State Foreign Service programs to win friends for the United States. Then, just at a time when the U.S. needed it most, funds for education, particularly for computer and engineer programs were cut. the rationale was that the Cold War had been won. The American people could expect a cold war "bonus" of at least 50 years of peace.
While it did appear the economy was benefiting , the fact was huge budget deficits hid the true imact of massive defense spending, America went deeper into debt than at any time in history, including World War II. This period also saw a renewal in America's faith that it was still the leader of the free world. It was a time of triumph, but rumblings of terrorism was rearing its ugly head. the Middle East was sending out signals that the status quo would change in favor of the Persian Gulf states.
what is are the consequences for America if it continues on the same energy policy of the past?
Does the noise from Iran or Korea signal a major collision is imminant between emerging nuclear powers and those already possessing these mass weapons of destruction?
what actions should the United States take regarding domestic alternative energy policy?