The candidates lists, released so far by almost all parties in Tamilnadu, have names of kin of top leaders. While the DMK has fielded a whopping number of six heirs (out of its 20 contestants), the AIADMK has pitted four wards of its seniors. PMK, DMDK and AMMK, too, are no exception, as at least one progeny has found a place in their lists.
Free-marketeers see a world where, when people are free to buy and sell according to the laws of supply and demand, business competition naturally drives quality up and prices down, resulting in prosperity and productivity for all.
The Chicago Booth London campus is delighted to host the former Governor of the Reserve Bank of India and finance professor Raghuram Rajan - one of the most important economic thinkers of our time – to discuss the current populist backlash against globalisation and the release of his new book, The Third Pillar: How Markets and the State Leave the Community Behind.
Tracing the rise of populist nationalism worldwide to the diminution of the community at a time of heightened economic worries, former RBI Governor Raghuram Rajan says that liberal "open-acess" values are under threat in India from the Hindu nationalist movement which taps into people's desire to anchor themselves to tradition in a context of rapid change.
Hoover Institution fellow Raghuram Rajan discusses the escalation of violence in Kashmir, India's upcoming election, and the need to grow the nation's economy.
At the same time, we do know that enhanced trade and technological change transmitted through markets have led to the loss of middle-income jobs and weakened the economic basis for the community in many parts of the developed world. It may be this, coupled with the flight of those who can leave, that is more responsible for the social disintegration of the community.
Neglecting social issues is not just myopic but dangerous, warned the former governor of the Reserve Bank of India Raghuram Rajan as he called for a return to empowering local communities as an antidote to growing despair and unrest.
