Capitalism Failing in India According to Piketty

India has been presented by the World Bank and the IMF as the most recent poster child for capitalist “development” in a non-European country.

But as this report shows, the glories of free enterprise have not reached the bottom 50% of the population whose income share is 15% of the total wealth. As Gandhi once said, “Western civilization? That would be a good idea”.
Image from Sri Lanka Guardian

About Barbara MacLean

Barbara MacLean has worked as an academic and career counselor at California State University, East Bay (CSUEB), Merritt and West Valley Colleges and as a career counselor and manager of the Oakland One Stop Career Center, a public career and jobs center in partnership with EDD. She is a co-founder and editor of Planning Beyond Capitalism.

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