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Fairy Tale of American Decline and China’s Rise

Has the power and influence of the United States declined in recent years? Does the current global recession, the outcome of the US invasion of Iraq and the resilience of the Taliban in Afghanistan provide adequate rationale to profess waning of US influence? Has China's power and influence grown to an extent that can effortlessly put it on the top of the global hierarchy of power? Is the US–China interdependence equitable enough to work as a deterrent against unbolted conflict?

Name of the Game Is Interdependence

Lawrence Summers, United States President Barack Obama's chief economic advisor and formerly secretary of treasury in the second term of the Clinton administration, once said that there was a ‘balance of financial terror’ between the US and its financial creditors, primarily China and Japan. Today, China, holding some $800 billion in US treasury bonds and some $2 trillion worth of currency reserves wields financial terror against the US.

Strategy and Tactics in Countering Left Wing Extremists in India

Left Wing Extremism (LWE) presents a serious internal security challenge to India that needs careful and coordinated policy response from both the security front and the development front. For the CPI (Maoists) (Communist Party of India), the main outfit propagating LWE, the plan and execution of this style of people's war against the state is like the Churchillian ‘a riddle wrapped in a mystery inside an enigma’. At one level, the LWE can be described as a ‘Democratic revolution through tactical offensive with tactical speed in the protracted people's war of strategic defensive’.