"I realise that some of my criticisms may be mistaken; but to refuse to criticize judgements for fear of being mistaken is to abandon criticism altogether... If any of my criticisms are found to be correct, the cause is served; and if any are found to be incorrect the very process of finding out my mistakes must lead to the discovery of the right reasons, or better reasons than I have been able to give, and the cause is served just as well."

-Mr. HM Seervai, Preface to the 1st ed., Constitutional Law of India.

Monday, October 20, 2008

Analysis of Impact of Financial Crisis on Democracy

This editorial article of EPW give an anlysis how democracy is made to react in economic crisis from the US experience. The earlier unwilling congress had changed as they were made to understand how critical the situation is and being reminded them of their responsibility. The issue the article raises is what is the bargain that common people got in this bail out plan. How congress could have made it better for the people than benefit a class who is marked by the “ruthless pursuit of wealth by any and all available means” is highlighted in the editorial. There were clear public opposition about the bail out plan, the question is could the congress reflect the "little man's" will.

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