The peace dividend

India and Pakistan averted a war. It is despite the popular sentiment among some Hindus against Islam.

Meanwhile, Putin has entertained his audience with grand displays of showmanship and has chosen not to attend the peace conference. Then the Ukrainian counterpart did the same. How entertaining.

The latter is suffering from chronic sick man's syndrome. No new industry, no new technologies, and little hope beyond its deep-rooted focus on politics. The weight of its outdated industrial sector stifles any attempts at innovation.

In contrast, neither India nor Pakistan exhibit such displays of political theatrics. Instead, their people are poised to enjoy economic prosperity in the foreseeable future. This year is better than last year, next year will be better than this year.

Regrettably, Europe appears to be in decline. The war that has sustained its leaders in power is now consuming not only financial capital but political credibility as well. The lack of investment stifles growth, preventing the emergence of new waves of innovation across all sectors.

He does not want to end the war. He wants to win. He does not die, but his people do.