The story goes like this: India is an economic miracle, a powerhouse of growth. It is a nation that increasingly embodies the spirit of entrepreneurship. And the proof? Until recently, India had year on year 9% GDP growth (or thereabouts).
Such logic, statements and figures are the stuff of headlines that pay homage to the supposed wonders of neoliberalism which the corporate media trots out time and again in the belief that if something is repeated often enough then it must be true.
Visit Delhi or Mumbai and you can witness the trappings of this ‘success’. Newly built towns on the outskirts with gleaming apartment blocks and sterile shopping malls. What more could a person want? All well and good for those who have benefited from neoliberal economic reforms that began in 1991 – because indeed it seems that is all they do want.
But these beneficiaries of neoliberalism comprise a minority. They constitute but a section of the urban population, which in turn constitutes a minority within the country. They are the ones the ideologue-economists and corporate-controlled media in the West focus on when celebrating capitalism and its global ‘success’. But what about the bulk of the population, the two thirds that live in villages and rural India? Full story...
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Such logic, statements and figures are the stuff of headlines that pay homage to the supposed wonders of neoliberalism which the corporate media trots out time and again in the belief that if something is repeated often enough then it must be true.
Visit Delhi or Mumbai and you can witness the trappings of this ‘success’. Newly built towns on the outskirts with gleaming apartment blocks and sterile shopping malls. What more could a person want? All well and good for those who have benefited from neoliberal economic reforms that began in 1991 – because indeed it seems that is all they do want.
But these beneficiaries of neoliberalism comprise a minority. They constitute but a section of the urban population, which in turn constitutes a minority within the country. They are the ones the ideologue-economists and corporate-controlled media in the West focus on when celebrating capitalism and its global ‘success’. But what about the bulk of the population, the two thirds that live in villages and rural India? Full story...
Related posts:
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