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View Diary: TDS/TCR (Les Misérables) (29 comments)

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  •  Another good quote (5+ / 0-)

    sounds a bit familiar

    JUAN GONZÁLEZ: But what about the whole issue of the Congress party being this party that has essentially ruled India now for decades and the level of corruption and dissatisfaction of the population with the governing party?

    SIDDHARTHA DEB: Yes. Well, I think it’s worth remembering that the Congress party—the prime minister of the Congress party, Manmohan Singh, was the finance minister, who was very much in charge of the so-called reforms that took place in India. And "reforms" is another word for shock therapy, for, you know, market-friendly policies, very, very deliberately anti-poor. And the Congress was fine. The corporations, the elites were fine with the Congress for a while. You have to remember that the BJP was in power 'til 2004. And in the economic realm, and in many other areas, there is really no substantial difference between the BJP and the Congress. They both represent the interests of the Indian elite, which is a significant number of people, of course. And they've done very well in the last 20 years of growth and consumerism. But the BJP was voted out of power in 2004, and the Congress came to power. What has happened is that the growth that we were talking about—and the Indian media, but also the Western media, is very, very, very deliberate on this—it peaked in some time in 2010 and has been coming down since then. I think it has come down from a very significant high of 10 percent to something like 4.3. So there’s a lot of agitation. There’s a lot of anger out there.

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