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Chrystia Freeland

"India is experiencing its Gilded Age"

Monday, November 14, 2011 - 03:28

Nov. 14 - While Mark Twain may have coined this term to describe the rapid growth of American Industrialism, Professor Ashutosh Varshney of Brown tells us why he believes India is experiencing similar levels of corruption and crony Capitalism today.

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I was beginning to see. It's striking similarities. Between what was happening and you know what is happening. And there can't say -- of America's eyes after the civil war. And it's month to install for. Good division locked -- -- for America off to a civil war. Perhaps the highest growth we've achieved in human history up to that point. Roughly 7000 but for -- years the ups and downs but that's the average growth according to -- medicine. Economic historian. And America in the mid 1960s. Was -- Seventy to 75%. And through them. It was a primary who -- society as in days now. And it was -- and -- and is really quickly in here and anyway quickly India is going eight point eight plus for us and I don't know. But the main point was that. That win and in economy grows at 73%. Some sectors girl eighteen to nineteen to 20%. He -- as an actor. And in both sectors the possibilities. Of corruption. And in government business confusion especially about. Lines. The possibly -- things. And if one regulation is many predicted it. And the politicians and businessmen and they didn't give credit concerns. All three of them could become -- -- -- -- -- night. So it's the possibility of over -- went to X. Which is very seven. Will Americans Steve wasn't no evidence dominant as an in state. And instinct isn't an instinct was forced to. So it's this government business could you move. On. A leading to an enormous corruption in day at what all levels of government simply past it. So so in might take us fossil caller we enrolled -- Coat that he bought and -- Pennsylvania legislature. One religiously tires and it happens in this July because people is an eighty year old who absolutely. They -- -- growing up 10%. So it's it's -- levity. Which was at the heart defect America came around to fit with the guys after -- And then Woodrow Wilson the ecstatic cleaning up. And there's this aspect of it went on in India has to fight and come out and the end to corruption movement is beginning its base -- minute. To what was called among -- -- and in in American history. Where they gave him emblems I want to clean up both when it tees and came up market politics in general. And that this might didn't happen and it.

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"India is experiencing its Gilded Age"

Monday, November 14, 2011 - 03:28