Liberal economics creates illiberal societies

News 14.01.2022

A surging tide of nationalism and authoritarianism has imperilled democracy globally, and within presumptively democratic nations — the United States, India, the United Kingdom, and the European Union — too.Economies are not doing well. The benefits of growth are being sucked up to the 1% on the top; ‘trickle down’ to those below has diminished. With every global crisis — the financial crisis of 2007-08 and the ongoing COVID-19 crisis — the rich get richer while millions at the bottom fall off the ladder. Inequalities of wealth have increased around the world and India is becoming one of the world’s most unequal countries. (Read More)

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