Showing 1 - 3 of 3
The popular decimation of India's democracy
Oped, Pranab Bardhan, Published on 18/05/2024
» India's ongoing parliamentary election, in which nearly a billion people casting their votes over a six-week period, should represent an extraordinary exercise of democracy. The bleak reality, however, is that the election appears poised to consolidate a decade-long process of democratic decay, which has included the decimation of liberal institutions and practices and weakening of political competition. After all, the leader who has presided over this process -- Prime Minister Narendra Modi of the Bharatiya Janata Party (BJP) -- remains wildly popular.
Unmasking India's crony capitalist oligarchy
Oped, Pranab Bardhan, Published on 17/02/2023
» The recent accounting fraud and stock manipulation allegations against multi-billionaire Gautam Adani made by Hindenburg Research, a New York-based short-selling firm, has startled the financial world. The episode is a necessary reality check for those who are expecting India's star to burn brighter in the global economic firmament as China's dims.
Paradox of communist capitalism
News, Pranab Bardhan, Published on 21/07/2015
» The recent dizzying plunge in the Shanghai and Shenzhen stock exchanges has posed a unique test for China's Communist rulers.