Raghuram Rajan on why democracy is ‘biggest advantage’ for India’s economy https://youtu.be/PUDaHgHC8ao?t=145 newslaundry
Jun 18, 2023 In a conversation with Newslaundry CEO Abhinandan Sekhri, former RBI governor #RaghuramRajan spoke about the role of artificial intelligence in economic development, competition in the news industry, and India’s response to environmental threats, among other issues.
In his keynote address at the Ideas for India Conference, organised by Bridge India in London last month, Rajan also examined India’s service sector and the significance of democracy for future economic growth.
“Our biggest advantage is our democracy. Would you trust 5G that is sold to you from an authoritarian country?” said the former RBI governor, reiterating the importance of decentralisation and investment in human capital development. “India has a reputation in services. Let’s build on it.”
Counters the myth that democracy hold back economic growth? Do we want to be the serfs of the production process or the Lords of the production process. ? Increasing percenage of production process is services, programming, high level skills nor low skill jobs like assemby.
The services bus which is the high value bus, requires open source intellectual properties. The services bus which is the high value bus, requires open source intellectual properties. we need democracy and non-surveilaance systems to drive this.. Need to focus on Human capital https://youtube.com/embed/PUDaHgHC8ao?start=1428&end=1754 Rather than spend huge amounts subsidizing assembly units, we need to focus on human capital..spend on schools, education, health etc.
Ex MP Hussain Dalwai to M’tra’s Muslim youth! Husain Dalwai https://sabrangindia.in/dont-invite-enmity-with-friends-ex-mp-hussain-dalwai-to-mtras-muslim-youth/
June 17, 2023
If a few Hindus from the allegedly privileged castes and classes are working to create an environment of hate in their bid to retain power, then this is not the way to counter them. We have to follow the path that Mahatma Gandhi showed us. Violence can never be fought with violence, violence has to be countered by love. Humility in the face of aggression is the only solution.
When some people from the Muslim community make problematic statements, foster enmity and hate, take a position against the entire Hindu community and faith, it puts at risk those among the Hindu communities and people that are standing alongside the Muslim community.
https://theleaflet.in/what-a-genuine-leftist-response-to-the-hindutva-challenge-should-look-like/ A review of 'Nationalist Dangers, Secular Failings: A Compass for an Indian Left’ by Achin Vanaik, Aakar Books (2021) pp. 205
Unlike the chicanery of former United States president, politician and academic Woodrow Wilson and imperialist–liberals of the early twentieth century, Lenin’s vision of revolutionary, anti-colonial nationalism was based on the following premises: the need to distinguish between the interests of oppressed classes and the notion of ‘national interest’; the need to distinguish between oppressed, dependent and subject nations and the oppressing, exploiting and sovereign nations; the need for Communist parties to aid revolutionary movements among dependent and ‘underprivileged nations’ such as, for instance, the American blacks and the colonies; the need to subordinate the interest of the proletarian struggle in a country to the interests of the proletarian struggle internationally; the need for the proletarian movement to retain its independent organisation whilst fighting with the bourgeoisie the battle of anti-imperialism; last but not the least, Lenin strongly emphasised and warned about the lurking danger of “big nation chauvinism”.
Vanaik also ruminates on the relevance of capitalism and nationalism today. He argues that the “trans-nationalisation of social relations and the consolidation and juridical sharpening of territorialised sovereignty went together.”
On the question of organisation of the vanguard, which in the Leninist tradition is called ‘democratic centralism’, Vanaik argues that it is not about the vertical centralisation of power. It is, following Belgian Marxian economist, Trotskyist activist and theorist Ernest Mandel, “a centralisation of experience, centralisation of knowledge and centralisation of conclusions drawn out of actual militancy”. And these are the most crucial elements “to generate the necessary wider consciousness to challenge the most formidable vanguard formation of the bourgeoisie— the bourgeois state.”
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