I’m supposed to care? India can’t solve it’s own problems? Why the hell is the American taxpayer supposed to bail out the rest of the world?
“Why the hell is the American taxpayer supposed to bail out the rest of the world?”
Because after WWII that is exactly what we did. We kept doing so as a part of bribing an alliance to fight the Soviets. It was a successful strategy. But, it worked. Oh, cr@p. Now what? We have been disengaging from that role by fits and starts since the Berlin Wall came down. The World, is upset by our progressive disengagement.
Demographically there are only two major markets left; the US and India. The rest of the developed world, with minor exceptions, has stopped having kids and the normal demographic pyramid looks like a diamond in many cases. The world suddenly realizes that they don’t have any local market and the US and India are the only places they can export to. The US doesn’t really need anything and India is apparently a fairly closed market. China has a worse demographic than most countries due to thirty years of a one child policy. They don’t have a consumer class in the wings ready to support their economy.
So, yes, the world is in panic mode as the US closes itself off and withdraws its support. Now is the best time in history to be an American and the worst time to be a citizen of any other developed nation.