Democracy vs Capitalism

September 12, 2013

Over the last few months, India has been going through an experience well known to the historically inclined students of political economy: namely, a clash between democracy and capitalism. Most wealthy democracies have had this experience at a certain stage of development, and one might even argue that the clash has not yet fully disappeared. By looking at the matter comparatively, we can perhaps get a surer perspective on India's current economic malaise. Read the full article.