pre-emptive defaults

Stacy Summary: Of course it is no surprise that India, which, by the way, is not a signatory to the Non-Proliferation Treaty, but protected by the US has now escalated tensions with Pakistan by launching a nuclear armed submarine. No doubt, the tensions caused was the outcome that was desired. There must be facts on the ground to warrant all those lucrative contracts for $1 billion embassies and military bases to ‘protect’ the region from the instability we sow. I also like that similarly the second story (h/t to several!) is a consequence of pro-oligarchy legislation that tried to lock the peasants forced to live in the free-market in perpetual debt but which has come back to create instability. The NYTimes asks whether the battle between debtors and creditors will escalate into a Shay’s Rebellion like conflict.