India’s inequality and destructive development
NOVANEWS
By Graham Peebles
The “new” India is racing towards the altar of materialism and market fundamentalism, abandoning its hallmark of spirituality, its philosophical treasures and any notion of unity, justice and service.
Under the careful guidance of the World Bank and the International Monetary Fund the Indian government has for the last 20 years or so – during which time inequality has doubled – embraced market liberalization and the global market, garlanded corporations with all manner of subsidies and damned the poor to greater poverty, destitution, suffering and suicide.
In a country of 1.2 billion people and counting, all the numbers are mega. Seen through corporate-tinted spectacles, India is a marketplace unlike any other and, provided business doors stay open 24/7, the in...