Sunday Posts

As it rolls out its National Education Policy (NEP), India is faced with the dilemma that every other post-colonial nation has to answer: Whether to 'nationalise' higher education, by privileging traditional languages and 'Indian' knowledge over liberal humanities and cosmopolitan outlook? This is not the first time India is dealing with this question. The first time, just after the Independence, the answer was a resounding endorsement of cosmopolitan science, based on a modernist view of nation-building. Nehru wanted an India that looked forward, not backwards. The second time, in the 80s, shorn of the optimism and adrift in the neoliberal world, the answer was low on nation-building aspiration and overtly focused on technological cold-start.  This road now leads us to where we are - a deja vu all over again! The country has been a major beneficiary of globalisation, but its blessings were mixed. A lot of people has been left behind, communities have been replaced by a...

  Dani Rodrik defined 'inescapable trilemma' of our world system back in 2007: That a globalised economy, democratic politics and nation states can't possibly coexist. (See here his post in 2007 on this) We could have, he said, two of the three, any two, but not all three. The last five years - the Brexit-Trump years - should have settled the matter. Democracy and nation state trounced global economy, putting one demagouge after another at helm across the world. Democracy's forward march was portrayed as the nadir of globalisation as we knew it. We were, as it seemed, destined to live in an age of ultra-democratic nation states. It indeed seems so, living through the pandemic. The system of 'each country for itself', with populists and ideologues running the show, showed a range of responses, from virus denial, vaccine nationalism and isolationism. The concerted effort of avert the global financial crisis in 2008 was totally missing this time around. Yet, as th...

Three building blocks of the world order we are accustomed to are Global Financial System, Nation States and Democracy.  This is what we have built over the last 150 years. The Global Financial System, in its earlier forms such as the Gold Standard, came about in late Nineteenth century. Nation States emerged around the same time, first in Europe and then they were everywhere as European empires disappeared after the Second World War. And, Democracy became the rallying cry, and standard of political systems, since the end of Cold War. In the post-war world, when the global financial institutions were designed in Bretton Woods, a few key policy-makers knew that the Global Financial System and Nation States may not be perfectly compatible. They, Lord Keynes among them, decided on a system of priorities - they put the Nation States first - and built an 'inter-national' economic system. This worked for some time, but the system was being dismantled, ever since the d...