Friday, January 13, 2012

Where did we go wrong?

It is a time for deep thinking about what has gone wrong in India. Here are a few excellent takes:

As we watch many train wrecks in India unfold in slow motion, Timothy W. Ryback in the New York Times reminds us about that ineffable substance of the human soul ... that shapes individual decisions and ultimately determines the course of actions, both large and small, that constitute the chain of events we know as history.

2 comments:

  1. Ok, I know this blog is concerned primarily with economics in India, but what has gone wrong with India is this:

    http://www.bloomberg.com/news/2012-01-16/in-rural-india-crooks-with-crocs-get-votes-commentary-by-pankaj-mishra.html

    Very nice to see this article on Bloomberg. I can imagine the Indian business elite struggling to put lipstick on this pig in international circles.

    Liberalization or not, can we have rule of law and a good justice system to start with please? Because, without that, liberalization won't be true liberalization and will lead to its own set of supposedly free market corrupt and unsavory oligarchs.

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