Capitalism in jeopardy: Why India holds the key

October 28, 2011 14:24

Twenty-and-odd years ago, after the fall of the Berlin Wall, capitalists declared a premature victory over communism. Today, as protests against a failing capitalist model in the west go mainstream, the question is whether the world is going to head in the opposite direction: validate all the failed ideas of the past, including greater state control and socialism in some form or the other.

Not quite.

Read R Jagannathan on Firstpost.com

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