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Showing posts with the label Neo-liberalism

The world's most neo-liberal country

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India loves global kudos: They were credulous that their Prime Minister was declared by the United Nations the best Prime Minister in the world only recently. Therefore, I believe that the honour of being the world's most neo-liberal country would be received with enthusiasm.  Of course, this honour had to be hard-won. The standards set by United States and United Kingdom are high. India joined the bandwagon early, of course, signing up to go down the road early in the 1990s, but it only took a lot of hard work of dismantling institutions and buying up the democracy to finally arrive at the billionnaire raj. While other nations had to tread with stealth, careful not to completely wreck the modern social contract their nations are based upon, India was bold, cheered on by its middle class - which hoped to be a beneficiary - and went about marginalising minorities, steamrolling the environment and tearing up constitutional protections in a breakneck speed. All in the name of developm...

'Neo-Liberalism' and Its Symptoms

'Neo-Liberalism' has come to eat the world.  The term pops up every now and then, sometimes in unexpected places. Usually derogatory in its employ, it appears to signify both the cause of the disease and its symptoms. I am not sure if anyone calls oneself 'neo-Liberal' by choice, but in a sense, all of us, mortgage-wielding, Cappuccino-sipping, Economist-reading, English-speaking, Starbucks-bound middle-class men, are. In its usage, it is nothing like 'Nazi', or 'Fascist', or 'Communist', as each one of those were specific categories (one could be called a communist and could admit to be a communist), but rather a label that is necessarily bestowed on others, with its main function being absolution for the speaker: That is, if I can call something, or someone, 'Neo-Liberal', then I am not. One thing for sure though: It is deemed to be something bad. Just calling someone 'Neo-Liberal' isn't enough, you have to say the...

Twilight of Liberals and The Reinvention of History

2016 has been a watershed year for many 'Liberals' - with its paradigm shifting events such as Brexit and Trump - but the writing was perhaps on the wall. And, it is not just an Anglo-American affair: There was Modi in India, Abe in Japan, Putin in Russia and ErdoÄŸan in Turkey, not to mention the muscular turns in China or Philippines. Nor this ends with 2016: That Marine Le Pen still remains the Front Runner in France, the Swedish election is uncomfortably close, there is open racism on the streets of Poland and Hungary, and Italy is all set to go crazy too, indicate that 2016 is some sort of a start. The twilight of the Liberals may have arrived. 'Liberals' is a very imprecise category, and over the years, it has come to mean almost everything, resulting in a confusion who the liberals really were, and what they stood for. The traditional definition - that Liberals are not Conservatives - has long been superseded by a mishmash of agendas, and Liberals came to me...

The Hinduvta Hegemony

Today's election results in five Indian states may or may not be noticed by the world media, but they are, in a way, no less significant than the Brexit vote or Trump's victory in November. These election results indicate a shift in politics of a major country, which India is, with its huge population, growing economy, large military and preeminence among the G20. And, while the 2014 election win of the Bharatiya Janata Party (hereafter, BJP) and Narendra Modi becoming India's Prime Minister was more momentous and newsworthy than these elections, they still complete and confirm the process of change that was underway since. Admittedly, the results of these elections are mixed. Of the five states that went into poll, Indian National Congress (INC) and BJP, with their respective allies, controlled two states each, and another, the biggest one, was ruled by a large, caste-based, regional party, the Samajwadi Party (Socialist Party, or SP). The BJP has now gained two stat...

Three Questions About Free Market Economics

I stopped reading The Economist, and that makes my weekends somewhat free. For fifteen years, since the time I first left India and went on to live in Dhaka, fetching it from the shop and reading it from cover to cover was part of my Friday routine. There were early disappointments - such as its blood-curdling advocacy of the Iraq War, which clearly exposed its Western bias - but it was one essential viewpoint that I needed to understand the world.  However, I increasingly found it disagreeable for its fundamentalist approach towards Free Markets. This is not a political left / right thing. Though I am openly delighted by the election of Jeremy Corbyn as the Labour leader, who I consider to be a vast improvement over the careerist politicians we see all around (alas, one of my favourite writers, Tristram Hunt, turned out to be one of them), I would like to think that I support free markets if they are really free. These are indeed my points of agreement with The Economist - w...

Why Do We Need Freedom?

I see this interesting debate in India that one may have had too much of freedom. The public, by that I mean of the urban middle class, attitude is that freedom to do anything and to obstruct is coming in the way of order and development. The model is indeed China, whose growth rates, wide roads and fast trains are seen with envy, and the attitude is not unlike the one Dambisa Moyo recommend for Africa - a Chinese model that prioritise development over liberties, even human rights. To be more specific, one can talk about the land acquisition bill that is pending at the Indian parliament, which will make it easier to acquire land - by evicting people - for infrastructure projects, industries and mining operations. It is important for India to build infrastructure fast and cheap, and tenancy rights are often coming in the way. As someone told me, for an underdeveloped country, freedom is a luxury one can ill-afford - we can get freedom once we have got the roads. We all know th...

India 2015 - The Fragility of Future

Some time back, on the eve of the 2014 General Elections in India, I wrote about the Indian Republic (see Resurrecting The Republic ) as perhaps the greatest achievement of India, and hoped that the Indian electorate would vote sensibly to protect it. I argued then that handing out the Hindu Nationalists a mandate may endanger whatever we have achieved so far. I feared that we might have taken the Republic and the democracy for granted and might, therefore, stand to lose it. A few months on, the Hindu Nationalist take-over has happened, with some predictable outcomes. The development talk continues to dominate the agenda, with the government making tall proclamations while back-pedaling on the old ones. The greatest achievement of the new government so far has been a slew of development friendly ordinances, ten in eight months in office, which they have adopted without reference to the Parliament. So far, there was not much of economic good news, except the Bombay Stock Exchange ...

Why Be Ashamed to be A Liberal?

'Liberal' is a bad thing, something to be ashamed about these days. If you are one, like me, your views are likely to be dismissed to be some kind of a Hippie opinion that does not seem to matter. Why not, indeed, because 'capitalism' (with the attendant label of 'neo-liberal') seemed to have decisively won? It takes guts to say that standing in the middle of the greatest financial disaster of a lifetime. It takes arrogance to make such a proclamation when the system we have brought more miseries to more people than the World Wars and Dictators ever did. And, perhaps, it takes ignorance, self-induced ignorance of the charmer who has fallen in love with his own words and being charmed himself. This is, I shall claim, a break point. 'Liberal' got a bad name just at the point of its greatest triumph - when civil rights were finally firmly established and street revolutions got under way to change the society. Liberalism's defining year may hav...

India's Journey: From Manmohan to Modi

India's election in 2014 is going to be a defining one. Whoever wins, and whoever becomes India's leader afterwards, it is going to be a definitive break with the Post-Independence Republican experiment. And, though it is far from certain that Gujrat's Chief Minister, Narendra Modi, will finally prevail, powered by a carefully orchestrated campaign by the American firm APCO Worldwide, his prominence is symptomatic and an indicator of things to come: Hence, the title of this post. There are lots of things in balance. The balance between the rich and the poor, the young and the old, the city and the village, the English Speaking and the non-English Speaking, the Big City and the Small City, the metropolis and the regions, the Majority and the Minority, all the balances that the constitution makers had to grapple with, during the founding days of the republic, are up for grabs again. The foundational principles, yet again, need to be interrogated. However, we are per...