Today is the last day of 2017.
What an eventful year it was – every year has some significant events which define it. However, 2017 was one of those years which had multiple significant events trying to define it, the most important one being the coronation (!) of Donald Trump as the President of the U.S. in January 2017.
That changed almost every other significant event in the entire world – Trump changed the world order for everything significant. It became a topsy turvy world defined by uncertainty, chaos, confusion, war-mongering, spiced up elections, enhanced killing of civilians, increase in the number of refugees, increase in the severe perpetration of atrocities on ethnic minorities, diplomacy torn to tatters, more urban violence, intolerance towards minority races, testing of long-established alliances, threat to dismantle trade partnerships, ruinous twitter shots, anti-immigrant rhetoric, vilifying genuine polictical opponents, and what not. The list is endless, but the defining moment of the year was the unexpected anointing of Donald Trump as the most temperamental power-mongering trigger-happy IDK (I don’t know or care) president of the most powerful nation on earth.
If the U.S. is making diplomatic and militaristic waves in the North American continent, the U.K. is making a different set of waves in an economic and trade sense, in Europe via its Brexit separation from the European Union. While massive chaos has not followed the Brexit vote, it is likely that the full impact of this separation would be felt in 2018/19, as both entities resolve trade, immigration, security and other issues between themselves. In Asia, the country which is making most of the persistent waves of a destructive impact would be none other than China, which is intent on flexing its military and political muscle towards an unreasonable, unjustified nationalistic expansion into the South China Sea, to the detriment of the South East Asian countries. While Japan and India are acting as joint counter-balance to the rising influence and belligerence of China, they would not be able to match China, without the active involvement and participation of the U.S.
The most peaceful economic rise is that of India. While marked down by the demonetization and the national goods and services tax initiatives, India is recovering and is on the verge of exceeding a 7% GDP growth rate, soon to reclaim as the fastest growing large economy on the planet. Such a focused, sustainable growth rate is expected to lift 200 to 300 million people out of poverty in the coming 3 to 5 years.
2017 saw military conflicts in Yemen, Iraq, Syria – all in the Middle East. An accurate tally of the human cost of these conflicts is not available, even from the United Nations, but it is safe to assume that a million or more civilian lives has been lost in these countries. It appears that human lives are the easiest expendable commodity that is available to policy makers in both political/government and military circles. This is a pathetic evolution of unnecessary warfare on civilians who cannot defend themselves, or who cannot be defended by their own weak governments. A totally ridiculous situation which even the most sober people in the world are not able to address and resolve to this day.
The ejection of the Rohingya Muslim community by Myanmar is another sad refugee story, which is tainted by lots of blood in the hands of the government and the arumy. The glorified leader and Nobel peace prize laureate, Aung Saan Suu Kyi of Myanmar, has not done herself any favour, by not speaking out loudly and clearly on the ethnic cleansing which has characterized the army operations against the Rohingyas. The United Nations, again, is unable to do anything except giving media interviews.
2017 was positive in many aspects as well. Stock markets everywhere created huge additional wealth during the year. There was strongly positive action in corporate market, with several major mergers and acquisitions announced/completed. Tax rforms in the U.S. have been a positive news for U.S. corporations. Climate change initiatives are in progress, despite the lack of U.S. support and participation. Trade initiatives are in progress, despite lack of U.S. participation (Trans Pacific Partnership, Belt & Road initiative, etc.,). GDP per capita is firmly rising in Asian countries.
So, in a nutshell, 2017 while being a dramatic and significantly eventful year, has not diluted the human confidence on the criticality of economic growth, alleviation of poverty, elimination of wars, sustainability of peace, trade, manufacturing, healthcare, etc., At the end of the day, people need more bread on the table, and if governments can help in achieving that goal so much the better for everyone.
I think we can learn a lot from the happenings of 2017, and could plan execution of important events in our life a little better. Lack of study, analysis and preparation hampers our execution many a time, and we should not let that happen. However, we almost have to pray that a nuclear war is not unleashed on Asia (again). Only one country has suffered from a nuclear war, and that is Japan. Do we want the second such country in Asia as well?
Surely not. Let us hope better sense will prevail over hot heads who have been given the mammoth responsibility to make epochal decisions which affect all of mankind.
I hope you all had a good 2017, and here’s wishing you an outstanding year in 2018 and more success, peace, and health. Forget the money and focus on these three things. You will come to the conclusion that your money priorities were not the right ones to lead a positive and cheerful life.
31st December 2017