End of an era?

The Sunday times(30/03/08) run an article about India and Britain" The reverse Raj" or how Indian businesses are buying out British Businesses.
And on Monday, Roger Cohen the NY times columnist wrote " It’s the end of the era of the white man" referring
Actually the last week I was at a workshop with a classmate and he did not like the idea that "the Indians are buying everything in England". We were just reading the news that Tata the Indian conglomerate bought Jaguar and Land Rover from Ford. Obviously he did not care when the American Ford bought the British brands but was annoyed by the fact that an Indian-based company bought former British owned brands from the Americans.

Fortunately the Sunday time's article and the New York Times' column are not racist. They celebrate the success of India and Asia. And anyway it is just how history works. Rome or Athens used to be capitals of "the world" now Italy and Greece are just small countries within the European Union. In Naples one of the biggest and most beautiful city of Italy, rubbish and waste are not collecting.
But the wheel of history is one more time just changing. Cohen writes:
"In the 17th century, China and India accounted for more than half the world’s economic output. After a modest interlude, the pendulum is swinging back to them at a speed the West has not grasped."
For a former Indian diplomat, quoted on the Sunday's Time:"Indians take pride that the relationship is now one of equality, that India is an emerging power and Britain is a former power.”
I just hope that the economic growth of some will not be at the expense of the others.