Modi's Demonetisation: Differing Opinions

India's demonetisation: 'Modi didn't think of the poor' 

In a strong editorial, the Economist said Modi's "perceived need for secrecy (to take cash-hoarders by surprise) fed into the innate sense he has of his own infallibility and his misplaced faith in his technocratic skills."

Kaushik Basu, a former chief economist at the World Bank, said in an op-ed in the New York Times that demonetisation was likely to cause the economy to nosedive. "Demonetization may have been well-intentioned, but it was a major mistake," Basu wrote. "The government should reverse it."

Assessing the impact of demonetisation four weeks later, TN Ninan, the editor of the Business Standard, wrote that Modi's move "at this stage looks like a bad idea, badly executed on the basis of some half-baked notions."

Sparrows?

This isn’t the first time a charismatic nationalist has used a simple, good-vs.-evil narrative to push a radical economic measure. In 1958, China’s Mao Zedong called upon millions of citizens to wipe out the country’s rats, sparrows, mosquitoes and flies to fight disease and prevent crop losses. And like Mao’s campaign, which engendered a plague of locusts by wiping out the sparrows that ate them, Modi’s strike against corruption has led to some unexpected and painful consequences.

Racism In The New Zealand Criminal Justice System

A growing body of statistics about how Maori fare in the justice system make clear that for similar offences Maori get a rougher deal at every stage of the criminal justice system.

Demonetisation Is Step One

Modi hints at more fierce war on black money even as BJP unanimously backs note ban

Larry Summers On Modi’s Demonetisation

Without new measures to combat corruption, we doubt that this currency reform will have lasting benefits.  Corruption will continue albeit with slightly different arrangements.

It's A Long, Deep, Constant Fight Against Corruption: Modi

The Kushner Factor

Just as Trump’s unorthodox style allowed him to win the Republican nomination while spending far less than his more traditional opponents, Kushner’s lack of political experience became an advantage. Unschooled in traditional campaigning, he was able to look at the business of politics the way so many Silicon Valley entrepreneurs have sized up other bloated industries.

“Jared understood the online world in a way the traditional media folks didn’t. He managed to assemble a presidential campaign on a shoestring using new technology and won. That’s a big deal,” says Schmidt, the Google billionaire. “Remember all those articles about how they had no money, no people, organizational structure? Well, they won, and Jared ran it.”

“There’s some aspects of the Democrat Party that didn’t speak to me, and there are some aspects of the Republican Party that didn’t speak to me. People in the political world try to put you into different buckets based on what exists. I think Trump’s creating his own bucket–a blend of what works and eliminating what doesn’t work.”

The Two Party System Continues

America is a two party democracy, and it continues. The Republican Party is not dead, although a major act of creative destruction might have happened. The Democratic Party is now a municipal party, but such total defeat is also the best place to be from where to mount a strong comebck.

NATO is too expensive. That is the electoral verdict. The unfinished business of ending the Cold War once and for all perhaps now will be finished. Architecting a normal relationship with Russia might be at hand.

Trump's ascent might be a challenge to the solar entrepreneurs who now have to make sure dirty energy gets priced out completely.