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January 29 2012

02mydafsoup-01
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In another cable about Pranab Mukherjee, the finance minister being groomed to be India’s next PM, Hillary Clinton is revealingly blunt: “To which industrial or business groups is Mukherjee beholden?”

During Singh’s reign as prime minister, India has also witnessed a strong backlash against globalization among the poor. The most striking instance is the militant Communist movement representing landless peasants and indigenous forest peoples in Central India—these are Indians fighting their dispossession by mining companies that are backed by the Indian government. Early last year, India’s Supreme Court censured the government for creating an informal militia against Communist militants. Claiming that “the poor are being pushed to the wall,” the court blamed increasing violence in the country on “predatory forms of capitalism, supported by the state.”

Since then Singh has also lost his main constituency: the beneficiaries, both real and potential, of “rising” India. Periodicals such as Foreign Affairs, The Economist, and The Financial Times that in 2005 hailed India as a “roaring capitalist success story” now wonder if India is descending into a Latin-American-style oligarchy.

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Turmoil from India to Israel. Will there be peace in 2012? | sriramkhe.blogspot 2012-01-29

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