I was struck by this wise extract -
""And then there is the question of welfare. In a democracy like India’s, where the poor come out to vote in large numbers, no administration can afford to ignore the concerns that fuel populist impulses."
(Contd..)
""And then there is the question of welfare. In a democracy like India’s, where the poor come out to vote in large numbers, no administration can afford to ignore the concerns that fuel populist impulses."
(Contd..)
"In fact, viewing populism as antithetical to reform is a serious error. Reforms can’t be endured if the benefits don’t reach the masses, just as no populist policy can be sustained without economic growth."
(Contd..)
(Contd..)
Since 1981, the central govt has almost always married the two. In turn, India’s economic boom has gone together with a steady decline in poverty, which, in turn, has legitimized necessary reforms and blunted the threat of revolutionary communist movements"
@teasri - the author of this piece - is one of the finest twitter handles out there - blending a great deal of technical knowledge with a very wide range of interests - among the most erudite western handles sympathetic to the Indian nationalist movement.
Sometimes the conservative in me is put off by his Keynesianism, but always learn a lot.
