Jag Venugopal's Blog

December 24, 2011

Does capitalism hurt or help the downtrodden in India?

Filed under: India — Jag @ 6:48 am

The old dogma, perpetuated by politicians of every hue in India is how a market economy and capitalism exploit the poor and underprivileged.

The new reality is that capitalism helps uplift those on the lowest rung of society… the people we would derogatorily refer not too long ago as “shudras”, or the lowest rung in the caste hierarchy. Read this article and look at the smile on the face of the mother… she has probably endured discrimination and insults her entire life. Her joy is palpable.

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