Articles

The IMF\’s Big Blunder

The international financial system has cracked apart like a smashed eggshell, and all the imp\’s horses and all the IMF\’s men cannot put it together again. That is why President Clinton of the US and Prime Minister Blair of Britain …

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Is Capitalism Dying?

The old left is smiling. It is gleeful about the economic disaster in East and South-East Asia; about the collapse of Russia; about the strong possibility of Latin America becoming the next domino. Even the USA, whose booming economy once …

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A Post-Washington Consensus

For years, leftists have criticised the Washington Consensus, seen as the joint manifesto of the World Bank, IMF and USA. The Consensus, according to the left, says \”Liberalise everything, create a minimal state, be tough in fiscal and monetary matters.\” …

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Rebelling against Quotas

Indian politics is about quotas. We have demands for a quota for Parliamentary seats for women, a sub-quota for backward caste women, job reservations for backward Muslims and Dalit Christians. Now, granting reverse discrimination is a form of social progress, …

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The State, by Other Means

The conventional wisdom in development economics now holds that economic success occurs only where the state does an excellent job in non-market areas like education, health and rural development. Bangladesh has come up with an original alternative. It has a …

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From Saffron to Yellow

After its nuclear tests, a triumphant Bharatiya Janata Party proclaims that saffron means toughness, courage, unwillingness to be eked around by mighty foreigners. It means standing up for your principles regardless of the cost of sanctions. We demand recognition as …

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