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Minnows and Marauding Whales: When History Returns to This Theme

  • May 7, 2026
  • 5 min read
Minnows and Marauding Whales: When History Returns to This Theme

 

After the war in the Mahabharata, Yudhishthira performs the Aswamedha yagam to assert imperial sovereignty. The ritual horse wanders across kingdoms, inviting submission or challenge. One telling of the tradition speaks of a realm that does not yield—its resistance rooted not in arms, but in an alternative source of legitimacy. The horse is said to refuse entry into Kashi, wary of the aura of Shiva, the lord who offers refuge to all. The idea of a spiritual shield emerges. Power is not always contested on the battlefield. Sometimes, it is absorbed, deflected, or reframed.

Porus Before Alexander

History returns to this theme in different forms.

In 326 BCE, Porus stood before Alexander the Great after defeat. Asked how he wished to be treated, he replied, “As a king treats a king.” It was not defiance in volume, but in bearing. That single sentence altered the terms of engagement. Territory was restored. Respect was conceded. Dignity, expressed with precision, converted conquest into accommodation.

A century earlier, at Thermopylae, Leonidas I faced overwhelming force. When Xerxes’ men demanded that the Greeks lay down their arms, his answer—“Molon labe,” come and take them—was not meant to win the battle. It was meant to shape the story. The Spartans fell, but they fixed the narrative of resistance for millennia. Where Porus transformed the adversary, Leonidas transformed memory.

These episodes reveal a pattern. Defiance can succeed. But it succeeds through different shields—dignity, narrative, or circumstance.

Modern statecraft offers further refinement. Charles de Gaulle asserted independence by stepping out of NATO’s integrated command, yet he never severed strategic alignment. France gained room to manoeuvre without inviting isolation. Indira Gandhi, during the Bangladesh Liberation War of 1971, acted in the face of external pressure, but did so with preparation, timing, and clarity of objective. The result was decisive and durable.

Contemporary Europe illustrates another kind of shield. Pedro Sánchez and Giorgia Meloni have each, in different ways, signalled calibrated autonomy. Their ability to do so rests not only on political instinct, but on structural support. Spain and Italy are anchored within the Eurozone. The European Central Bank stands behind their currencies. Liquidity backstops are credible. Bond markets, even under stress, are buffered. Currency risk is shared. This insulation allows assertion without immediate financial penalty.

 

Leonidas and the Spartans at the Battle of Thermopylae, Greece, 480 BC

Not all states possess such cover.

India operates without a supranational monetary shield. Its currency must absorb shocks directly. Capital flows react quickly to shifts in perception. Technology and finance remain globally intertwined. In such a setting, the margin for error narrows. Defiance cannot rely on posture alone. It must be calibrated against exposure.

 

Indira Gandhi during 1971

Literature captures this duality of performance and power. Richard III remains one of the most chillingly modern political archetypes. He is the disruptor who treats every long-standing arrangement as a transaction, who bypasses intermediaries to speak directly to the masses, and who fashions grievance into a political weapon. He represents a different kind of marauding force—one that reshapes the arena even as others struggle to play by inherited rules. In such a climate, defiance is no longer about resisting power alone; it is about navigating a style of power that thrives on disruption.

The deeper lesson across epics, history, and modern politics is consistent. Assertion yields dividends only when backed by a shield. That shield may be moral authority, as with Porus. It may be narrative endurance, as with Leonidas. It may be institutional strength, as in the Eurozone. Or it may be strategic timing, as with de Gaulle and Indira Gandhi. Where such buffers exist, even smaller powers can negotiate with larger ones on altered terms.

The question, then, is not whether minnows can face marauding whales. They often do. The question is what enables them to survive the encounter and, occasionally, to reshape it.

Civilisational confidence can inspire resolve. It can steady the hand and sharpen the voice. But confidence alone is not insulation. In the absence of financial depth or institutional backing, it must be complemented by restraint, sequencing, and quiet negotiation.

In the end, the choice is not between assertion and accommodation. It is between unshielded defiance and calibrated autonomy. History suggests that only one of these endures.

And so, the question lingers, sharper than before: will the spiritual shield protect the minnows of Rama Rajya against the marauding whales’ suzerainty?

Ends

Ramesh Krishnan is a retired banker. His articles on banking topics have been published in leading financial dailies. He visits business institutes to lend faculty support and serves as a resource person for apex-level institutions in banking. He has conducted customised training programmes for BFSI entities. He has also co-authored several essays on the theme “Globalising Indian Thought”, which have been continuously published by Indian Institute of Management Kozhikode. Presently, he is a business consultant at Xenturion.

About Author

Ramesh Krishnan

Ramesh Krishnan carries with him three decades of banking experience in diverse areas of Treasury, Risk Management, Credit and Operations. Last assignment was with Karur Vysya Bank as General Manager (Treasury & International Banking). Earlier, he was the Chief Credit Officer and Acting CEO with Bank of Maldives, Male’. Presently, he is a Business Consultant at Xenturion Fintech assisting MSMEs and Corporates. He is a graduate in Physics and a Certified Associate of Indian Institute of Bankers.

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