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This Is What 670 Million People Without Power Look Like: Pictures From A Blacked Out India
First thing today we reported that India just suffered what may have been the biggest blackout in history, after half of the country's population of 1.2 billion, or just under 700 million was without power, as the electric grid of more than a dozen states suffered an epic collapse. Below we shares some pictures courtesy of Times of India giving some sense of what it means for two Americas worth of people to live without electricity indefinitely. Of note: the calm, peace and order despite the epic traffic jams and crowds. One wonders what would happen in the US if the entire country was without electrcity for even just one hour. Finally, one wonders what the impact to the Indian, Asian, and Global economy will be as a result of the complete halt that at least half of India - one of the world's core marginal economies - has ground to do.
India’s northwestern boundary with neighboring Pakistan is so brightly lit that the thin orange line tracing its path can be seen from space. Photo: NASA/EO
A road is packed in heavy traffics following power outage and rains in the central part of New Delhi, India, Tuesday, July 31, 2012. India's energy crisis spread over half the country Tuesday when both its eastern and northern electricity grids collapsed, leaving 600 million people without power in one of the world's biggest-ever blackouts. Traffic lights went out across New Delhi.
Heavy traffic moves along a busy road as it rains during a power-cut at the toll-gates at Gurgaon on the outskirts of New Delhi July 31, 2012. Grid failure hit India for a second day on Tuesday, cutting power to hundreds of millions of people in the populous northern and eastern states including the capital Delhi and major cities such as Kolkata.
Commuters wait for buses outside a Metro station after Delhi Metro rail services were disrupted following power outage in New Delhi, India, Tuesday, July 31, 2012. India's energy crisis cascaded over half the country Tuesday when three of its regional grids collapsed, leaving more than 600 million people without government-supplied electricity in one of the world's biggest-ever blackouts.
Commuters wait for buses outside a Metro station after Delhi Metro rail services were disrupted following power outage in New Delhi, India, Tuesday, July 31, 2012. A massive blackout hit northern and eastern India on Tuesday afternoon, leaving 600 million people without electricity in one of the world's most widespread power failures. The outage came just a day after India's northern power grid collapsed for several hours leaving cities and villages across eight states powerless.
Commuters wait in line at a Metro station after Delhi Metro rail services were disrupted following power outage in New Delhi, India, Tuesday, July 31, 2012. India's energy crisis cascaded over half the country Tuesday when three of its regional grids collapsed, leaving more than 600 million people without government-supplied electricity in one of the world's biggest-ever blackouts. The city's Metro rail system, which serves about 1.8 million people a day, immediately shut down for the second day in a row.
Passengers sit on a platform for their train to arrive as they wait for electricity to be restored at a railway station in New Delhi July 31, 2012. Grid failure hit India for a second day on Tuesday, cutting power to hundreds of millions of people in the populous northern and eastern states including the capital Delhi and major cities such as Kolkata.
Passengers rest on a platform for their train to arrive as they wait for electricity to be restored at a railway station in New Delhi July 31, 2012. Grid failure hit India for a second day on Tuesday, cutting power to hundreds of millions of people in the populous northern and eastern states including the capital Delhi and major cities such as Kolkata.
A passenger looks through the window of a train as he waits for electricity to be restored at a railway station in New Delhi July 31, 2012. Grid failure hit India for a second day on Tuesday, cutting power to hundreds of millions of people in the populous northern and eastern states including the capital Delhi and major cities such as Kolkata.
Commuters crowd a busy road outside a Metro station after Delhi Metro rail services were disrupted following power outage in New Delhi, India, Tuesday, July 31, 2012. Indian officials say the nation's northern and eastern power grids have failed, leaving about half the country without power. The collapse of the grids Tuesday afternoon came a day after the northern grid failed and left eight states without power for much of the day.
Indian stranded passengers wait on a platform and some of them on rail tracks for the train services to resume following a power outage at Sealdah station in Kolkata, India, Tuesday, July 31, 2012. India's energy crisis cascaded over half the country Tuesday when three of its regional grids collapsed, leaving 620 million people without government-supplied electricity for several hours in, by far, the world's biggest-ever blackout. Hundreds of trains stalled across the country and traffic lights went out, causing widespread traffic jams in New Delhi.
Stranded passengers wait on a railway tracks for the train services to resume following a power outage at Sealdah station in Kolkata, India, Tuesday, July 31, 2012. India's energy crisis cascaded over half the country Tuesday when three of its regional grids collapsed, leaving 620 million people without government-supplied electricity for several hours in, by far, the world's biggest-ever blackout. Hundreds of trains stalled across the country and traffic lights went out, causing widespread traffic jams in New Delhi.
Passengers sit in a train as they wait for power to get restore, at a railway station, in New Delhi, India, Monday, July 30, 2012. A major power outage has struck northern India, plunging cities into darkness and stranding hundreds of thousands of commuters. Trains across eight northern Indian states and metro services in New Delhi were affected by the outage that struck at about 2:30 a.m. local time.
Commuters wait for a metro train, in New Delhi, India, Monday, July 30, 2012. Northern India's power grid crashed Monday, halting hundreds of trains, forcing hospitals and airports to use backup generators and leaving 370 million people - more than the population of the United States and Canada combined - sweltering in the summer heat.
Muslim girls study in the light of candles inside a madrasa or religious school during power-cut in Noida on the outskirts of New Delhi July 30, 2012. Grid failure left more than 300 million people without power in New Delhi and much of northern India for hours on Monday in the worst blackout for more than a decade, highlighting chronic infrastructure woes holding back Asia's third-largest economy.
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Looks like the pilot for the new show coming: Anti-Preppers.
Looks Like Rahms chicago; a crises is a terrible thing to waste; better stop that chck fil ee sandwich shops; and shut down those coal utilities.
Greeen baby, solnydra, gm, FORWARD.
yea king dush bag really has his priorities right doesnt he?
may he RIP in the dush-bin of history.
malodorously scented...
C'mon man...How they gonna buy gold now? Theyre gonna be pissed when the screen comes back up.
Huh, guess that explains why I been holding for hours for tech support.
You have to plug it in first.
And press the "Any" key, and no, that's not a foot pedal, it's a mouse.
(I had to explain that to my mother a long time ago, and she refused to touch the "mouse" until I explained what that was......)
No worris Joe, just ask for American customer service:
"Okay, now unplug it, wait for a minute and plug it back in."
"That, didn't work? Okay, I will patch you through to India."
Looking for a good generator I would be. Would you be selling me one please?
btw just think of the tech support issues some must be having... (edit: I swear, did not see JoeD.'s post above before I typed this)
If this happened in the U.S. there would be mass looting.
Look at what happened in the L.A. riots and Katrina.
They'd better be working on the grid here, versus banker bonuses.
Indians aren't from Africa.
everybody is from africa. trace the origins of homo sapiens.
No: mass looting required power. See Wall Street, the Fed, etc.
This happened in 2006 all across the northeast and there was little/no looting.
No looting? Some looting is just as bad a major looting. Wrong is wrong.
http://www.nytimes.com/learning/general/onthisday/big/0713.html
Could be a good intro for a condom ad..?
Stork's gonna be busy in 9 months.
It's India. The stork is always busy.
In the US it would be a surge in HIV cases.
The cities look like normal. Not sure what the problem is.
In the traffic jam, you know there is someone that is going to bust a kidney they have to pee so bad! They should not have had that extra tall McChai.
Wait for motorists to run out of fuel, or nearly run out only to pull up to refuel and find out the fuel comes out of the tanks with electricity and not magic.
I suppose they can hand prime the tankers, but 12 million vehicles...
Florida may be too dumb to vote, but they do know how to make gas stations install generators.
oh yeah...good thing the cows are still running on time. ;p
http://www.tropicalisland.de/india/uttar_pradesh/varanasi/thumbnails/VNS...
Ah, brings back the memories of the people on top and sticking out of the trains. And those buses packed so the wheels have no travel.
Pickpocket express.
aah yogi my man don't be so harsh on the pickpockets, they gotta eat too you know
they only loot the sheep
experienced travelers like myself used to wear their mobile phones around their necks in a steel chain and it's probably a good idea to NEVER take your hands out of your pockets
Got Gold... check
Got Silver... check
Got Electrons... fail
Look at them all standing around like good little sheep waiting for something to happen.
My first thought was to agree with you Dr. Engali. My second thought is I am agreeing from the glass porch outside my big glass house.
I am lucky in the fact I don't live in a situation where I will find myself in that predicament. That of course depends on if I'd pay a visit to a large city, which I doubt will happen as I find them suffocating.
Well, the other half billion had power.. they’ve got that going for them.
The new American middle class.
Hindu citizenism ?
'Americanism' is spreading everywhere...
I thought this was the line for physical metals? Silly me, just a power outage..... today.
Got Water?
Check again, when the food and fresh water become limiting.
no wonder the phone at tech support was on hold for so long.....
I worked for a utility company and trust me, if and when that happens here things will not be as calm, orderly and over all chill as they seem to be in India right now. I used to get screaming, cursing multiple death threats if the power was out for more the a half hour here in NY.
things would get very, very fugly in a hurry if 150 million or so American's suddenly found themselves with no power and no generators to buy because all the stores ran out five minutes after the lights went out.
Stuxnet????
It’s being described as the new cyber WMD and may have crippled an Iranian nuclear plant, but one cybersecurity company has estimated that the worm, Stuxnet, may have its largest footprint in India. Another expert has put forward a conjecture that the failure of the INSAT 4B satellite this summer may have been due to this cyber superweapon.
According to data posted by Alexander Gostev, Chief Security Expert at Kaspersky Lab , India has topped the list of the most infected countries.
While clarifying that the data had been collected from Kaspersky’s personal product line, the numbers are still worrisome. Since Stuxnet was first detected in July, the number of infections in India in the first five days was at over 8,500 with just over 5000 in Indonesia and a little over 3000 in Iran, the top three countries.
The latest data set, between September 20 and 25, makes it clear that the problem is still raging in India, which again heads the list with over 8,000 infections, trailed by Indonesia with about 3000 and Kazakhstan with approximately 1300. The numbers of Iran dipped to 765.
Gostev noted in the analysis: “Iran managed to significantly cut its infection rate by cleaning many infected systems. If this trend is maintained, then Iran will stop being one of the centres of the epidemic. India, on the other hand, has stayed more or less at the same level; it is encouraging, though, the epidemic doesn’t seem to be on the rise.”
It’s being described as the new cyber WMD and may have crippled an Iranian nuclear plant, but one cybersecurity company has estimated that the worm, Stuxnet, may have its largest footprint in India. Another expert has put forward a conjecture that the failure of the INSAT 4B satellite
http://www.hindustantimes.com/world-news/europe/Stuxnet-hits-India-the-m...Which begs the question, what has India ever done against Israel ?
They pissed on the US Petrol Dollar when they agreed to buy oil from Iran.
And suddenly the dots are all connected....
Prince Bandar Bush al Saud dead?
Though not yet announced by the Saudi authorities, the death of Prince Bandar bin Sultan bin Abdulaziz Al Saud has been confirmed to Voltaire Network by unofficial souces.
Prince Bandar had just been appointed head of Saudi intelligence on July 24: a promotion which was interpreted as a reward for having organized the attack in Damascus on July 18. The Saudi services, with logistical support from the CIA, had managed to blow up the headquarters of the Syrian National Security during a Crisis Cell meeting: Generals Assef Chaoukat, Daoud Rajha and Hassan Tourkmani were killed instantly. General Amin Hicham Ikhtiar died soon after from his wounds. This operation, called "Damascus Volcano" was the signal for the attack on the capital by a swarm of mercenaries, mainly coming from Jordan.
Prince Bandar was himself the target of a bomb attack on July 26, and subsequently succumbed to his injuries.
A brilliant and cynical personality, Prince Bandar was 63 years old. He was the son of Prince Sultan (irremovable defense minister from 1963 until his death in 2011) and of a slave. Confidant of King Fahd, Bandar was ambassador to Washington throughout his reign (1983-2005). He became close to George H. Bush (then Vice-President of the United States), who regarded him as an "adopted son," prompting the U.S. press to dub him "Bandar Bush". Endowed with an outstanding genius for covert action, he brokered the Al-Yamamah arms deal, managing to divert more than one billion pounds, according to British official sources. He then used this windfall, and many more, to finance the activities of jihadist groups around the world, including Al Qaeda.
In early 2010, Prince Bandar attempted to overthrow King Abdullah to place his own father on the throne. The plot failed and he was banished from the kingdom, but the monarch’s declining health enabled him to return to Saudi Arabia a year later. Since the death of Prince Sultan in October 2011, he had become the de facto leader of the Sudairi clan, the hawkish wing within the royal family.
His death constitutes a serious blow to the whole system of Western covert action in the Muslim world. It took Syria only one week to mount this spectacular reprisal operation.
http://www.voltairenet.org/Syria-reportedly-eliminated-Bandar
http://shlonkombakazay.blogspot.com/bandar_bush_flips_off_larry.jpg
Best news all day! Or all month!
A Macabre Celebration
Two days after 9/11, President Bush and Prince Bandar bin Sultan savored cigars together on the Truman balcony of the south portico of the White House. As author Craig Unger notes, this was the same spot where previous presidents had celebrated major accomplishments, although he was careful to add, "Bandar and President Bush had nothing to celebrate. Thousands of Americans were dead."
Interesting that you could really fuck the US by attacking India's computer network
not gonna hapen in my cuntry.
freedome is abot der simpoles things
der very ide a of us not bean able to get kardashian news,sport rasults and sexy fotos of ugly women folk ga ga and maradona eyes just cannot sea it
and da Batzmans killers and Big Brother is on. Very Important news and societial teevee about the beautiful people.
And it looks EXACTLY like india without a blackout.
Blackout - cue Scorpions guitar riff
OK, whoever wrote this hasn't spent much time in India. While the blackout is huge and newsworthy, comparing to the Indians' reaction to this with that of the US is pointless. Blackouts happen *ALL THE TIME* in developing countries including India. Like every day, multiple times.
Just underscoring what financial_apoclypse says above.
I think it just shows that if we sit behind a bloomberg terminal all day we have a very narrow perspective on the world. That information we need to win is *out there*, not in the bloomberg abysis.
Commuters wait for (GOVERNMENT) buses
Commuters wait for (GOVERNMENT) trains
See the sheeple standing about waiting for Government to take care of them.
Rely on Government, FAIL.
It's not a red team / blue team problem. You know that, right? Turn off Rush Limbaugh and Glenn Beck.
Limbaugh and Beck have what to do with this? And Blue/Red team?
What I'm saying is, PREPARE and don't count on help from anyone.
If the buses & trains stop, be prepared to walk the last 10 miles, don't sit on your ass waiting for the govt to save you - otherwise you're setting yourself up for failure.
The commuters would be thinking the same thing, if those in private cars were doing any better.
Alas, GOVERNMENT roads = FAIL
See http://mises.org/daily/3419
"this is precisely the system — privatization — that vastly outstripped that of the U.S.S.R. in providing computers, cars, clothes, and a plethora of other products and services. Yet, instead of borrowing a leaf from our own success and applying it to highways, we have instead copied the discredited Soviet economic system and applied it to our network of roadways. That is, our highway network is governmentally owned and managed. This is why people die like flies on these roads and suffer from traffic congestion serious enough to try the patience of a saint"
This is news because it is so widespread, but smaller one or two day outages are common there. It could get interesting if it goes beyond the third day.
As we read this, in one more hour it will be August 1st in India
I think I could even hear the faint sounds of Indians honking their horns here on the Westcoast ...
India is fucked. No other way to describe it really. Which is why so many of them are doing whatever it takes to get out and start new in the US and Canada. Once established, they waste no time and bring their relatives right away.
India is one armpit, Africa is the other.
What are these photos from? The line up for the new iPhone 5 or iPad Mini??
In eight more hours they'll be lining up for that application called Water and Food.
Isn't clean water a hot commodity in India under the best of conditions?
If enough Indians piss in the Ganges it becomes a hot tub...
If they fart it becomes a jacuzzi...
What? They can't make a curry out of this?
http://www.meenajewelers.com/images/11_22Kt_bridal_Necklace_1626.jpg
Do tell...
The same thing happen in 2006 in the northeast, if people remember.
I think it was a few years before, if memoery serves. yep. I was there in NYC it started around 3:20 pm. they had Manhattan's power back up before dark.
fascinating to see people in the streets directing traffic...
whats indian for Enron?
Satyam?
lol...what a dump of a company.
ive heard theeres some electric up californy way
Good one
Here in LA.... Mad Muthha F'n Max!
Here in LA.... Mad Muthha F'n Max!
No wonder I'm getting all Philipino service reps instead of the usual Raja or Sameer on the other end when I call for computer software service or an Ebay question.
First, those dependent on refrigerated medicine go.
Second, those that are dependent on city water that requires electricity for operation and pressure, and have no water storage become desperate, looting all beverages off the shelves, and finally resort to unclean sources. If ~<1 million are affected, FEMA and the military could get water in to most. More than that, there will be casualties from dysentery/dehydration in less than a week.
More than a week, involving half the US population? Zombie Apocalypse. I estimate 85 percent casualties after 2 months.
... then the spaceship lands and Gort gets out!
Curry by candle light.
I suspect a lot of people will be bumping uglies. Babies.. BABIES!!! is what happens when there is nothing else to do but screw.
son of SAtyaM is hearing the Black Dog barking as we speak...
"Dies the Fire" R.M. Stirling
"leaving 620 million people without government-supplied electricity"
That says it all
Try to imagine the smell !!
When it happens in the US, I am sure they will be able to shut down the Internet for good.
Yup, the NE blackout of '06. I'm stuck on the LIRR, just out of the tunnel heading east, train stops, announcement saying "we'll be moving shortly" . Old guy behind me is listening to the ball game on a transistor radio says...We ain't goin nowhere, the whole state is blacked out . That was a long fuckin walk home........
Ordinary folks in India are used to power cuts (and water shortages), What's the big deal? Indians are patient souls.
"Unless Congress intervenes with a bailout, the Postal Service will default on two big payments in the coming months. And the cash crunch won't ease up thereafter.
Next week, and then again in September, the Postal Service is required to make two payments of about $5.5 billion to its pension plan.
The agency won't have the cash to do this. So a default is likely."
http://finance.yahoo.com/blogs/daily-ticker/time-u-postal-finally-run-mo...
No more deliveries to Petticoat Junction...
"Once government has had a monopoly of a creative activity such, for instance, as the delivery of the mails, most individuals will believe that the mails could not be efficiently delivered by men acting freely. And here is the reason: Each one acknowledges that he himself doesn't know how to do all the things incident to mail delivery. He also recognizes that no other individual could do it. These assumptions are correct. No individual possesses enough know-how to perform a nation's mail delivery any more than any individual possesses enough know-how to make a pencil. Now, in the absence of faith in free people—in the unawareness that millions of tiny know-hows would naturally and miraculously form and cooperate to satisfy this necessity—the individual cannot help but reach the erroneous conclusion that mail can be delivered only by governmental "master-minding." " - http://www.econlib.org/library/Essays/rdPncl1.html
they have plenty of money, its an unrealstic pension funding mandated by congress thats causing the problems. This is ALL congess' fault, like most things are.
Bingo!
They went from tax funded retiree health care, to pay as you go, to congress mandating they pre-fund current and future retiree health care within ten years as well as making current pay as you go payments. Furthermore they were forbidden to draw any funds from their "overfunded" pension plan to do this. No other government agency has to do this and few corporations do this or have their pensions as well funded. This was a republican congress plan to financially assassinate the PO because they didn't like postal unions support for democrats.
hhmmm....600 million tightly grouped people, extreme hot temperatures, stagnant water(?), toss in a virus or two.....
the more people there are, the greater the chances become of pandemics...
Aren't Indian have a lot of gold. They wil be Ok.
So glad I don't live in an ant heap like that. Although, the infinite growth folks won't be happy until EVERYPLACE on the planet is an ant heap like India and filled with consumers.
Maybe you are unhappy with how society is organized in India, but it's clear the world is underpopulated; see Human action p.136:
"Labor is more scarce than material factors of production. We are not dealing at this point with the problem of optimum population. We are dealing only with the fact that there are material factors of production which remain unused because the labor required is needed for the satisfaction of more urgent needs. In our world there is no abundance, but a shortage of manpower, and there are unused material factors of production, i.e. land, mineral deposits, and even plants and equipment." - Ludwig von Mises
Uh...yeah...there might be one or two unoptimized acres sitting somewhere and dammit, we need those acres optimexed! Bring on a few billion more so we can optimize everything!!! Everyone should have their square yard of land to stand upon.
Always remember, when it comes to what economists say: it's a theory. Usually a theory that does not consider in any way the value of solitude, natural places, wildlife, free running streams, a quiet place where you can just think and not consume, etc.... Hence the reason economists are known as dismal. Had they studied ecosystems and the natural world, then, maybe, they would ahve understood more about what's really going on.
>Bring on a few billion more so we can optimize everything!!!
Do you prefer the pessimal or suboptimal instead?
>Everyone should have their square yard of land to stand upon.
Right now it averages out to about 5 acres per person. Population is inhomogenously distributed precisely because most people prefer living near others rather than in the wilderness. And long before the population reaches the density you mention, we'll be constructing artificial land (e.g. house boats, artifical islands, platforms, etc.), or at least cutting back on procreation. And there are celestial bodies waiting to be colonized, groundling.
>Always remember, when it comes to what economists say: it's a theory.
Often they deal with theorems, i.e. apodictic truths.
>Usually a theory that does not consider in any way the value of solitude, natural places, wildlife, free running streams
See Human Action p.62: "It was a fundamental mistake... to interpret economics as the characterization of the behavior of an ideal type, the homo oeconomicus... It pictures a being driven exclusively by “economic” motives, i.e., solely by the intention of making the greatest possible material or monetary profit... No man is exclusively motivated by the desire to become as rich as possible; many are not at all influenced by this mean craving. It is vain to refer to such an illusory homunculus in dealing with life and history."
Anyway, no one is stopping you from becoming an entrepeneur providing private parks or wildlife sanctuaries or purchasing empty lots for your own enjoyment. Such business will increase consistent with increased demand.
>a quiet place where you can just think and not consume, etc....
Impossible. You are consuming time. You are consuming an experience. You are consuming the rights to land that could be used for other urgent uses, for example Internet cafes where people can sit around posting on zerohedge.
>Hence the reason economists are known as dismal.
Your level of knowledge is dismal. Read Economics in One Lesson. Then Human Action. Then Ultimate Foundation of Economic Science.
Yep. Nobody's got any of this figured out but you.I love this one:
"And there are celestial bodies waiting to be colonized, groundling."
Considering the breakneck pace of this technophile wet dream everyone alive at present is on course to remain a groundling their entire life. Yes I know you are likely so visionary I cannot comprehend your incredible thoughts, but I'd say you've read a little too much sci-fi, including Ayn Rand.
See Kunstler's Too Much Magic for some balance to your perspective.
My level of knowledge likely excedes yours in many ways. It's just more expanded on topics beyond the narrow range of Western economic dogma you seem obsessed with. Expand your horizons and experiences and you might broaden your perspective.
Go for it and try to nail me with quotes and your immense knowledge of all things consumption-wise. I can hardly wait to be educated in a topic I studied and left behind years ago in grad school due to its follower's dogmatic pompous arrogance. They seemed to know a lot about nothing.
>Considering the breakneck pace of this technophile wet dream everyone alive at present is on course to remain a groundling their entire life.
Your derision is unfounded. Private, i.e. smart, money is only just starting to turn toward space travel. Give it a couple of centuries.
>It's just more expanded on topics beyond the narrow range of Western economic dogma
It is not Western economic dogma, but rather economic science. Do not fall for polylogism.
>I can hardly wait to be educated in a topic I studied and left behind years ago in grad school due to its follower's dogmatic pompous arrogance. They seemed to know a lot about nothing.
What exactly were they teaching? A lot of what is passed of as economics is really fallacious pseudoscience.
see, no matter how much gold the Indians hoarded, it didn't help much, did it now?
Yep, but I'm guessing their digital money hasn't been too helpful either. At least they could use a gold coin for a purchase if needed, unlike their debit card, master card, ATM, etc...
TPTB-"Get Union Carbide on the line. They are all out in the open! Open the valves!"
They are so smart it's scary..
I am sure the mouth pieces on cnbc did a full report on this balck out in India, a major influence on the planet. They always talk about what is important. What's that. Not even a mention. Oh...
The City of Man
http://shutupnsing.wordpress.com/2012/07/31/the-city-of-man/
These pictures look like what I see everyday going to and from work here in Bangalore. The traffic actually looks light. These kind of things will continue to happen here as the infastructure is so bad. Most money set aside for projects to improve it end up in pockets of politicions.
"Rothbard concluded that all services provided by monopoly governments could be provided more efficiently by the private sector. He viewed many regulations and laws ostensibly promulgated for the "public interest" as self-interested power grabs by scheming government bureaucrats engaging in dangerously unfettered self-aggrandizement, as they were not subject to market disciplines. Rothbard held that there were inefficiencies involved with government services and asserted that market disciplines would eliminate them, if the services could be provided by competition in the private sector" - http://en.wikipedia.org/wiki/Murray_Rothbard
Very true and can be applied to all countries espically India and my own country Ireland. Inefficencies and waste at each and every turn...
True enough.
However, it is interesting that private sector power grids are also undermaintained. Motivation being quarterly profits, bonuses, and counting on taxpayers to bail them out if an "emergency" happens.
holy cow, let me guess just like the west the infrastructure wasn't maintained
"If the Asiatics and Africans really enter into the orbit of Western civilization, they will have to adopt the market economy without reservations. Then their masses will rise above their present proletarian wretchedness and practice birth control as it is practiced in every capitalistic country. No excessive growth of population will longer hinder the improvement in the standards of living. But if the oriental peoples in the future confine themselves to mechanical reception of the tangible achievements of the West without embracing its basic philosophy and social ideologies, they will forever remain in their present state of inferiority and destitution. Their populations may increase considerably, but they will not raise themselves above distress. These miserable masses of paupers will certainly not be a serious menace to the independence of the Western nations" - Ludwig von Mises, Human Action p.671
Demographic arguments taken by themselves are always questionable: The British didn't (and today no longer) care while they had enough colonies to plunder, nor the USA since its problem was too much immigration most of its history, while France, Germany and Russia for instance thought that World War I was inevitable because of falling and rising birth rates.
>Demographic arguments taken by themselves
I interpreted this quote as von Mises highlighting the consequences of hampered markets. I read the previous 670 pages.
The frugal hungry mob will outcompete in the hampered market.
Most people believe that a maestro underhandedly assimilates a bonbon toward the espadrille, but they need to remember how inexorably a sheepish mastadon daydreams. Most people believe that a waif organizes a wobbly midwife, but they need to remember how non-chalantly a clock from the haunch strokes. Lila, although somewhat soothed by the sheepish girl and another ballerina, still organizes her from the starlet from a bubble bath, prefer her a swamp behind some midwife with a menagé à trois, and finds lice on the dark side of her piroshki. A rhetorical clodhopper gives a pink slip to a haunch behind the cleavage, and a self-actualized cleavage greedily can be kind to a bonbon.
Wow, that really means nothing at all. Uh, how about looking where jobs, capital and debt went during the last decade or two.
So many arguments when taken by US citizens are arguable.
The issue is not so much demographics, the issue is US citizenism that bends everything.
Never underestimate the citizenism, until they chose to do it themselves...
US citizenism is not underestimated nor overestimated.
Did you two meet on match.com?
I believe i might be the only person on the web for whom both the US and Chinese governments can vouch for being Not A Troll. You know, they might send me some certificate to prove it.
How about you ?
No one cares what credentials you have. Please stop undermining the SNR (signal-to-noise ratio) here.
Can do.
For that matter, i've given up on the West since the Iranians took out the drone. More Chick-a-Fila please. And Draghi Printathons.
One can hedge against everything, except treason.
>i've given up on the West since the Iranians took out the drone
I don't see what this has to do with the article. But anyway, the West can crush Iran within days, maybe even hours. Their mines will be cleared. Their missiles will fail. Their radar installations will be destroyed, leaving them blind and helpless. Their underground "medicine" manufacturing sites will be destroyed.
From Human Action p.671,
"The military events of both World Wars have proved anew that the capitalistic countries are paramount also in armaments production. No foreign aggressor can destroy capitalist civilization if it does not destroy itself. Where capitalistic entrepreneurship is allowed to function freely, the fighting forces will always be so well equipped that the biggest armies of the backward peoples will be no match for them. There has even been great exaggeration of the danger of making the formulas for manufacturing “secret” weapons universally known. If war comes again, the searching mind of the capitalistic world will always have a head start on the peoples who merely copy and imitate clumsily."
Mises, you magnificant bastard, I read your book!
No comment from the regional one?
Must.Get.Grids.Working.
I see the uranium sector perked up today-could be just an anomaly-but where else can a place like India go for energy-
I'm long term bullish Nuclear and even more so now that everyone hates it and uranium miners have been beaten to a pulp--
Russia still has a lot of warhead to convert and U.S. will join the club after the massive military budget cut scheduled for 2013 – uranium miners are very bad idea
Russia still has a lot of warhead to convert and U.S. will join the club after the massive military budget cut scheduled for 2013 – uranium miners are very bad idea
*************
You have it wrong -The warhead game is closing out-i would dig up some data-but it hardly seems worth it-similar to trying to get people to see the stealth bull in gold-btw--i did say "long term"
I didn't hear the boom boom boom...
India economy is in deep recession, the hyperinflation is already there – this catastrophe is the last drop which will trigger the total collapse of the India economy
Wall Street will rally on this news i guess
All your electrons are belong to us.
http://halpha.nso.edu/movie_C.html
Population :: It's time to take exponential functions seriously.
"Nonhuman beings are entirely subject to the operation of the biological saw described by Malthus. For them the statement that their numbers tend to encroach upon the means of subsistence and that the supernumerary specimens are weeded out by want of sustenance is valid without any exception. With reverence to the nonhuman animals the notion of minimum sustenance has an unequivocal, uniquely determined sense. But the case is different with man. Man integrates the satisfaction of the purely zoological impulses, common to all animals, into a scale of values, in which a place is also assigned to specifically human ends. Acting man also rationalizes the satisfaction of his sexual appetites. Their satisfaction is the outcome of a weighing of pros and cons. Man does not blindly submit to a sexual stimulation like a bull; he refrains from copulation if he deems the costs—the anticipated disadvantages—too high. In this sense we may, without any valuation or ethical connotation, apply the term moral restraint employed by Malthus." - Ludwig von Mises, Human Action p. 668
India economy is in deep recession, the hyperinflation is already there – this catastrophe is the last drop which will trigger the total collapse of the India economy
Wall Street will rally on this news i guess
Currency & Current
Capital is all about denial, resulting in net misdirection and nonperforming assets under closed system conditions, relative to Nature. Middle Class is all about entitlement, resulting net consumption and scarcity under closed system conditions. Labor is all about fortitude, consumption delay. Does that remind you of something, like V=IR. It’s not about good and evil for Labor; it’s about batteries, direct and alternating current.
When capital creates artificial borders, effectively closing itself off from nature, what do you expect to happen? When the middle class is not semi-permeable, what do you expect to happen? When labor deflates directly, what do you expect to happen? The bomb grows incrementally until it reaches quantum backlash threshold, resulting in creative destruction. In net, it’s all about the aggregate perception of labor. Where is the incentive equilibrium?
Energy is neither created nor destroyed. It is simply transformed, by perception, which may be physically, intellectually, and spiritually filtered into channels, or event horizons. Nature is always at work, regardless of human activity, and its capacity is several orders of magnitude greater than human civilization. Because nature is relatively open to humanity, absent acceptance of status quo perception, the equilibrium depends upon your labor, aggregated.
All three branches of government are locked up, and according to the sovereign and bond markets, the Fed is locked up. At the most derivative retail level, the equity market, current is still passing, but at what cost? The only option for the Fed, with the effect of jawboning approaching 0, is to accelerate the deflation/inflation lottery centrifuge by another order of magnitude. If you were positioning incentive, what would you do?
The Fed’s position is not quite as simple as many assume, because it depends upon you, aggregated, for feedback. The statists continue to collect big overtime. Under dc conditions (the assumption of top-down command and control that the middle class currently accepts so blindly), equity is a function of the Fed, in a positive feedback loop, but, if individuals do not accept responsibility, the entire system is going to blow up.
Labor says do what you think is best, but if you are wrong, you will be fired and must begin anew, closing off your system. Capital says follow instructions, and when you fail, you will be given more to do, by extension of credit. The middle class is in the middle, approaching threshold anxiety, because it overwhelmingly sided with material capital, becoming efficiently inelastic as a result. You’ll have that from time to time, generation to generation. Labor works for capital, building bridges to nowhere as exercise, until it is time to build a bridge to somewhere, when polarity is reversed.
Obviously, the majority prefers to work at the behest of capital, doing make-work, and labor distills accordingly, until it doesn’t, establishing direction and acceleration. Invest, in gold or anything else, accordingly. From the perspective of chemistry, it’s all about the electrons. From the perspective of biology, it’s all about the protons. Where are you, in the rabbit hole? If you do not like your position, change the channel relative to nature. You are the inductor semi-conductor, and civilization is the aggregate perception.
Emotion does not make you human. It’s a derivative in the feedback loop. It allows you to change channels. Employ it, or the empire will employ you. Is that voice in your head the empire, or the unknown, beckoning your perception? Without risk, there is only death, waiting to happen. Life is about learning. Death is about knowledge. Knowledge is not power; it’s the common. Whether it is supply or return depends upon perspective.
Choice is discrimination. Only a fool seeks both choice and equality, expecting anything other than death. Where you go in life, and the universe, depends upon how you construct your elevator, the time machine. If a CEO says that a company’s fortunes are tied to GDP, what does that tell you? It tells me that I don’t want to work for Boeing, but I always bet on the unknown, and you never know where you are going to find it.
What you seek is always in plain sight, once you remove the filter of false assumptions. Interestingly, Boeing keeps sending me emails stating that if I get a loan and go back to school, to certify that I understand its math, there is a lucrative job waiting for me…California keeps sending me snail mail stating that if I just pay its arbitrary tax, I can go back to work…and there is no end to the non-profits offering guidance, for my spiritual development.
Funny, when I work as an enterprise architect, attitudes reverse polarity. Attack at will, but don’t assume the perception of non-response is passive. I just have better things to do than make-work, and so do you. Labor is always ready and willing, to seek the unknown, locked and loaded for bear. Whether CA is hunting me, I am hunting CA, both, or neither is a matter of perception, your location in the hurricane. All the components of circulation depend upon you.
The empire price reflects the cost of gravity. Break it down and rebuild it to reflect your individual interest in liberty. Digital order and disorder is for robots. You are the meter. Complete the circuit for yourself, as an example to your children. Travel. The real business cycle is ac, not dc.
The majority has the attention span of a gnat, and the payoff for labor is quantum. Responsible young people feel the weight of the world on their shoulders because they do, instead of talk, and drop like flies for lack of example. Expect the opposite of sympathy; misery loves company in the black hole, where current and currency travel in the same direction, until they don’t. What do you suppose creates the eye?
If China can manage to rebalance its economy and address some of its challenges effectively, that's very good news for China and the world, says Tong Li, senior economist at the Milken Institute…
>V=IR... Energy is neither created nor destroyed... event horizons... electrons... feedback loops...reverse polarity... gravity
i.e. a load of bollocks laced with terms from electronics and physics.
Well if that happens in the US I guess ill be finding out just how much German really is in me because ill be forced to drink warm beer. And that would suck.
On plane back from Alaska, I just finished reading William Forstchenen’s One Second After. The book is predicated on a manmade EMP burst over parts of Europe, Asia and North America. A Carrington Event would probably do the same thing. The book doesn’t fast forward through the die off to some romantic back to basics romanticism.
He gives my home state a 90% die off. It is worth the read if this topic is new to you. Don’t be put off by the Newt Gingrich forward. This is a boogey man for Newt. I’ll bet he has a warehouse stacked with rice, beans and bullets.
I wonder how this will affect all the multi-national corporations that outsourced thousands of jobs from the U.S. to India. I hope they get their collective asses burned really good. The German word for how I'm feeling is schadenfreude
this is a good sign for copper
Most of them look well fed. Traffic flows better without traffic lights. What's the problem?
I was wondering why I didn't get my daily phone call from "Peter". OK I made that up, they stopped bothering me after I told them to "fuck off". I regretted saying it but it worked. The man was just trying to make a buck to feed his family.
25% of the Indian population don't have electricity anyway, so that means there was ONE guy in India working his call center phone who set the whole thing off.
i guess no collection calls from "Jack" (Indian who tells me his name is Jack) for a few days....... thats too bad i look forward to abusing him daily
Get that coal moving to boil water in the steam engines to move those trains.
Two shorts for ya.
Verry interesting pictures.... Looks like a testbed.
My question would be : did this happen in 1 split second or was it in phases?
Here is my picture of the whole incident
http://freeimagesarchive.com/data/media/206/1_black.jpg