Print Edition
Ambani vs Ambani: RIL's affidavits
RNRL's submissions on the MoU
Services
Channels
Group Websites
Michael Walton
Mining is a dangerous fruit. It is often extraordinarily abundant but can also have the capacity to damage, distort and corrupt.
Capitalism is evil. That’s the central message of Michael Moore’s latest documentary, Capitalism: A Love Story, now showing in the US.
Globalisation needs to be managed, or things could get nasty. I f globalisation is associated with heightened insecurity or social injustice, apparently fringe sentiments could become mainstream.
So, global recovery is under way, at least for now. The financial system did not collapse. Trade has started growing again. Now’s a good time to assess India’s strategic stance with respect to globalisation.
It comes to something when the President of the Federal Reserve Bank of Kansas City warns of the dangers of financial oligarchy and the Chairman of the UK’s Financial Services authority questions the social value of some of finance’s activity.
When concentrated interests effectively appropriate a collective narrative there’s a potent recipe for policy distortion. A striking example is the debate over health reform in the United States.
How bad is the drought? It is not a crisis for the macroeconomy, but is potentially catastrophic for
affected households.
Can public private partnerships solve India’s huge infrastructure deficit?
Will India’s growing middle class drive its social and economic transformation? The investment community, both global and Indian, has been licking its lips at the prospects of India’s middle class market.
