Great conversation ❤

In India , the people definitely dont need an outsider... Especially.. because the indigenous Wisdom, Sagacity and Brilliance inherent and evident in the current Establishment is the Beacon of Hope and Source of Guidance to the entire planet n the rest of the World.

@tellsparck

10 ай бұрын

LMAO

@deltaranger3530

10 ай бұрын

😆

@nicholasarrow2443

10 ай бұрын

Haha, very funny

@manjulashanmugasundaram706

10 ай бұрын

When he says OUTSIDER, he doesn't mean from outside the country. He means from outside the system. And that is exactly what Mr. Modi projects himself to be. Outside the Lutyens crowd.

@coastofkonkan

10 ай бұрын

Arrogance like this brings systems down.

Interesting thinker Wolf and Rajan did not mention extreme inequality which I believe leaves an ever larger population struggling to survive, become oblivious to democracy-politics. American society survives but cease to grow and develop, but at times we'll see protests like 'occupy' events. Some say America has become a plutocracy, after they removed limit on political contributions while the top 1% gained over 30% of income and wealth.

@rravisankar3355

10 ай бұрын

There can't be a greater fallacy than If someone believes that the remedies to inequality are with two armchair pundits. Inequality lay at varying abilities of individuals at any sample of population anywhere on the globe.

@anandnaama

9 ай бұрын

He talked about inequality when he said the middle class was hollowed out. That means their relative, and absolute, decline in society that fuels their anger to choose a demogague, who is best summarised in words of Trump: "I am your retribution." Therefore, new market by not sharing their wealth - he compares Apple and GM providing jobs to non college goers - are fuelling discontent among ordinary people who again don't wanna go to leftist Brahmins but to a demogauge who shares their anger and speaks their language. For all Martin suggest a solution in what he found in Dutch practice of "Felxicurity" (Felxicurity and Security Act). I hope it helps. 🙌

@alfred-vz8ti

9 ай бұрын

usa was born to be a plutocracy. read what madison promised the constitutional convention.

First time I've listened to this chap and he's very interesting and well able to express himself and appear logical. His self doubt is openly and honestly expressed, which is a charming, yet deliberately disarming part of his armoury, but is nevertheless a clear indicator of his genuine naivety, as is his trust in China. To suggest that democracy should be extended to include decision makers chosen BY LOT!! is very much akin to putting a farmer in charge of a trireme in a storm - a phrase attributed to Socrates via Plato, he ought to be fully aware of; and demonstrates absolutely without doubt how out of touch he and other educated elites truly are with the reality of the overall intellect of the vast majority of their fellow human beings. How do I know this - because I'm one of them.😊Mick the Hick.

@nicholasarrow2443

8 ай бұрын

Mick, I’d suggest that juries do their job better than our elected politicians.

Very insightful and balanced

I’m glad Martin Wolf admitted his role in championing unfettered globalization through his FT columns.

Classic. Thank you

Interesting conversation and learning

Wes Yang aptly calls this 'the terminal boredom at the end of history'. If we're living through a crisis, I wonder what the rest of human history was. People always want to believe they're living through bad times.

@accountantthe3394

10 ай бұрын

Many americans still subscribe to Fukuyama's "end of history" thesis. Good luck to them

Martin had looked extensively into Greek history for lessons, wonder if he also should look into Chinese lessons, especially from Han dynasty onwards. The Chinese also had dealt with popularism, nationalism, socialism, capitalism, religion and their social impact... perhaps that could explain Trump & etc. BTW, China is not going through " Communism Capitalism" but what they call is "Communism with Chinese characteristics" which in fact is Confucian approach. This is similar to Vietnam, and also Korea & Japan - having different ways to provide "democracy" & accountability. If analyze China and East Asia through Confucian lens, would some how makes it easier to understand why actions are taken.

@stephenyang2844

10 ай бұрын

Didn't mean socialism with Chinese characteristics? By the way Taiwan is in the same mold with distorted democracy.

@yohaneschristianp

10 ай бұрын

Socialism with Chinese characteristics perhaps? They're not yet on their dystopian future of communism. Communism is just a wishful thinking where people don't need to work and yet they are fulfilled.

Is corporate consumerism really capitalism? What about the NDP equation? Where has the depreciation of durable consumer goods gone since Sputnik? Can an economist tell an air conditioner from a banana?

44:20 “Once you get into a certain very aggressive minority identity politics, you will end up with majority identity politics, and we know what that looks like.”

@aristocraticrebel

9 ай бұрын

Yes, it looks like actual democracy. The horror!

Capitalism is democratic? BWAAAHAHAHAHAHAHA!!!

Thanks for the question. The dichotomy of how the management of investment capital has become interpreted as an anticompetitive strategy against potential diminution of profits and reciprocal military threats of a similar nature, real or imagined, to the extent that a nuclear arsenal is maintained to threaten the principal supporters in leiu of supporting your principles of democracy. This is extremely obvious.

@richardouvrier3078

9 ай бұрын

What does that mean?

@Mahalakshmi-Khan

9 ай бұрын

Word sandwich

Rajan's dhimac itna colonised he ke phir ye angreji ka pankhawala ban gaya. Ye gora sabhi angreji ankh se dekre he ke sabhi problems dunya me he pehla angreji ka experience Kia he.

@anuragchakraborty8766

10 ай бұрын

Chup Gobar bhakt

@171_indranildutta6

10 ай бұрын

are dekho commie bangali khudka state ka halat dekh@@anuragchakraborty8766

If corporates pay taxes , govt will always have sufficient money . Without corruption , it will survive .

I will put forth this view that has enable Singapore a little island red dot to succeed. And also how China has also succeeded its thru a proven set of leaders that have gone thru trials and tribulations on the world stage and has proven their ability to advance their country economically and working with the business world to ensure a fair playing field to nurture their domestic companies and also ensure a place for foreign companies - the challenge is managing this mix and expectations as in life everything is about balance. So this is indeed the failing of what is happening now in the US and in Europe and most western countries, where ideology and labeling seems to be more important than the real problems face by their own limitations and their place in the world. The term Democratic Capitalism only serves to illicit emotion response and arguments, its literally placing walls on a problem that doesnt need this walls to begin with. The notion that only in a democratic system can Capitalism survive and flourish has been proven misleading and misunderstood. I place before everyone the more than 5k years history of the Chinese from its warring faction beginnings to achieving unification than homogeneity as a country and a system that actually lasted for centuries even after the Greeks to the Romans and lasted till today. There is a no one shoe fits all solution to the world and why the west keep on this debate and silo mentality is really just noise and doesnt really breakdown to the underlying relativity of the common people and their real aspirations in life that is to have a better life for themselves and for their future generations this is the commonality with binds all races and all people in the world together. So lets ask the question are people both with the concepts of democracy and freedoms at birth?? I dont think so, people are born to survive and how to compete in this world to survive to live a better life that is the question to ask are the leaders working towards this simple and basic concepts when they are place in positions of responsibility by their people.

28:30 very very aptly put.

2:50 "Commander of the British Empire" ?!

Maybe the Chicago School shouldn’t have sidestepped the Georgists so hard.

I think it would be a little more helpful if the autogenerated captions could be in slightly different colours for different speakers.. _/\_

Every thing in moderation.and with a desire to please God ❤

I am sad to see that the person has not analyzed how the democracy had pushed to these countries with high debt, fiscal deficit, BOP problem. has not spoken about the continuous fall of real income of middle class and continuously gap between rich and poor increasing

Thank you for making this content available for the public on KZread

Anything with Raghuram Rajan’s backing won’t survive. Simple as that.

@rickjames4727

10 ай бұрын

Like UPI?

@171_indranildutta6

10 ай бұрын

UPI due to him??? no UPI is now a global success everybody adapting it @@rickjames4727

I will humbly urge you to listen to Bill Still in Money Masters

World level thinkers

Well, at least this puts the failed systems and bankrupt academic institutions trying to salvage them on display. If your system is not sustainable and fails to meet the basic needs of a civil society, you need a new system.

@aristocraticrebel

9 ай бұрын

What civil society?

This guy ruined the Indian economy under Sonia rule. Shame on Raghu to talk anything about economics.

@PoliticalMatter

10 ай бұрын

Print more money was his moto while Chidambram was printing fake currency via Pakistan. 1. Indian economy was so fragile; 2. Indian border roads were not built become China could use that. 3. Indian army, navy, airforce procurement of defence items stalled. 4. Sonia and Co. were busy with all the scams including 2G. 5. Pappu and Co. wants to revive their legacy. Shame!

@harir3628

10 ай бұрын

Unemployed and angry

@daipayanbhowal8914

7 ай бұрын

@@harir3628 Raghu destroyed India's economy with NPA, he is useless to the world as an economists

@PoliticalMatter

7 ай бұрын

@@harir3628 I earn more than whole of your family combined.

The one who called u. Really iyour commett is very good so u is a name of subject to be high

Which is why we find such a pushback from the lay public towards the "Elites" ( read Demagogues)

These people forget that finite natural resources cannot support the all consuming appetite for infinite GNP growth which unsustainable. There is no infinite supply of fossil fuels and metals to feed the an economy that cannot or will not stop growing.

before democratic capitalism can survive, you must first get democracy. however, i can assure you that elective oligarchy will support capitalism as long as the military is kept under control. that may impose a limit, but far enough in the future to ignore.

SCORN! V Dignity.

PhD,Toronto

Democracy is equal rights, voting rights, equal pay for equal work, etc. Capitalism works for profit, no profit no product. In people's elected democracy, they are both important and conflicting at the same time. There is no known "balance" between the two. Always a war in people's elected democracy. That is the reason why "Open Elections, and Free Press" are important to make the balance, which is always on the horizon.

@DipakBose-ge1hm

10 ай бұрын

without Socialism, there will never be any democracy.

@incastinc

10 ай бұрын

Capitalism doesn't last long under dictatorship, a one-man show at a time. Eg. Banana Republics. Pakistan. Why Capitalism Thrives in People's, multi-party Democracy. People make mistakes. Period. In a democracy The Other Party comes in place and corrects those mistakes, and the cycle goes every 4-5 years. Capitalism needs this change also. As rules of governing change so is the structure of the Capitalistic market. This is followed by people's living standards. In a dictatorship, change occurs with the death of the dictator.

@albertwong1919

9 ай бұрын

How is it equal rights, voting rights, etc... when u need more than 100million donations to even run for the US Presidency..... how do u evaluate your leaders, how much do u understand your leaders? What is the track record of your leaders? Let me put this argument, can we hire CEOs to run complex Corporations by doing a street elections? So this notion of elected democracy of by the people for the people doesnt even take into account the qualification and capability of the leaders u elect and also what would be the future 10 years to 50 years down the road.... Let be honest any Corporation that changes its CEO every 5 years will never survive as an entity that is really how the world has changed and is working now.

@incastinc

9 ай бұрын

If I may say that Capitalism and parliamentary Democracy are like two opposite sides tugging a rope. The The umpire, parliament enforces the rules. This is the only way a nation can progress for long. No one is 100% happy.

@aristocraticrebel

9 ай бұрын

Democracy huh? So no more immigration then because the majority rejects it.

Well.actually really economic situation is better than that olso the bank is good so ishould encourage you to keep it olso you should try to fight the corruption so you have to know that bank is depend on for formers so primary is better than the last university so much that is good so you have a chance to benefit your future olso iwould try to help you to keep it should be rise simple but it needs honest together so we can move on forward all together so we have many opinion whether slams or Kirsten same same so we all brothers and sisters olso were equal only we need to understand each other the wise man can understand this message is very good.my children who were greater than those last they have done something is good really after this time you are responsible for us because you are great so we support what is good so we refuse what is wrong so that is good olso you should not forget to buy clothes for you so that is enough is enough

A Religious Democracy (with Christian Economics) would be ideal for the practitioners of Democratic Capitalism...

You need to replace those words with "Corruption". Corruption is blatant and doing very well in the US and its Anglo-Saxon brothers.

Capitalist on top of the consequences and going to be locked by birth around the industrial areas lived on charity in the real world.

Oxymoron Title !

Dam,God,$,

waste of time and electricity

Growth = Printing Money. As long as the printing presses keep printing then our beloved Democratic Capitalism can work out OK. Like the game of Monopoly....As long as the "banker" keeps dishing out the paper money, the game continues.....BUT the winners keep winning and the losers keep losing. If unfettered Capitalism is King then the distribution of wealth cannot continue.

only the educated should be allowed to vote,,,,,now that we have IT it would be very easy to formulate an exam ,,,think no more Brexit,no more storming the Capitol ,no more strikes ,if you dont like the wages go somewhere else or damn well try starting a business

Is Rajan, qualified to be speaking.......

@harir3628

10 ай бұрын

No. Truth he is not an economist.

How is it I am in the highest tax category in the history of America? I am no millionaire. I live in a ranch for calling out loud. I read the year before last year 67% of the people paid 0% taxes while I was filleted by federal taxes. Trump and the republicans raised my taxes by 200%. And the country didn’t even react.

Don't have time to listen to it. Still wondering whether there is anything like democratic capitalism. Democracy is 1 person 1 vote. Capitalism is 1$ 1 vote.

No.

Nope. Next question

No. Next video

Democratic.theory does not have.a phycology.awareness.of.its ideology.

Typical, academic mistakes here , i think. THERE IS JUST TOO MUCH GRIFT IN THE SYSTEM. NOT ENOUGH VALUE CREATION!! in the US.

People thinking Raghuram Rajan as brilliant.. hmm.. i can only pity them.. He is 1 trick pony. Proved multiple times when he applied his knowledge in India. He was a big blunder for Indian economy. We were called as 1 of the fragile economies. Once India got rid of him, we were able to start becoming stronger economically. Also, who can forget his unsolicited advice to Indian government to print money during covid. Less said about it, the better. Happy to see that he is educating upcoming MBA students in US of A.. Thank god, not in India..

@tarunmedi

10 ай бұрын

Lmfao...

@171_indranildutta6

10 ай бұрын

not lmfao he spoke facts @@tarunmedi

@tarunmedi

10 ай бұрын

@@171_indranildutta6 both clueless ROFL.... u people are just laughing stocks... our economy is deep turmoil...most don't even understand abcd of economy ..so I don't blame you..but it's just hilarious how people hold an opinion without any bases.. absolultely mind boggling ...

@jonesalapat6199

9 ай бұрын

Anything you have to provide apart from rhetoric, few of Rajans contributions - controlled inflation - Opposed demonetization - Kept prices of oil low when crude at record prices - proposed UPI Etc

@jonesalapat6199

9 ай бұрын

@@tarunmedi Tere se kon puch reha hein.

No.system can survive with a debt that the..u.s.a.have.plain.and.simply.😂😂😂

F

A really boring lecture.

Russia china men too kooyi capitalist or billionaire's are clean Sweeped ? Kangall Bharat kaa itihash nahin kangaal chaahat hai kisiki kangaal dimagg kaa kanggggal proud statues lick ask about selfe are you ?

In INDIA capitalism is increasing. But hate is also increasing.

He was governor of RBI now living in USA give comment about india from there (i have not seen china or usa) doing that. Am hoping that you are reading 🤮 Edit: 🤮

@GK-ui8fv

10 ай бұрын

Precisely for that reason, he shouldn't comment on India. Being away, it is already hard to follow all that is going on and behave like a guru when facts are not at hand is imbecilic.

@mayan5600

10 ай бұрын

​@@GK-ui8fvyou don't need to be in India to know about its financial state. Everything can be read and measure through online reports. Learn to take criticism time to time. Otherwise, your intellect will never grow to alternative opinion of others.

@GK-ui8fv

10 ай бұрын

@@mayan5600 Lecture on me for taking criticism actually will not arise as perhaps, either you never understand the new regime or you are pretending that it is all normal and whatever is printed is all published or said in media is free without restraint. If the trust goes away in the contents or data, comments can't be made. I will give you an example - find the actual rate in India last few years. Have they released or can you trust it if they have published it.

@171_indranildutta6

10 ай бұрын

what financial state she is in tell me?? what's its inflation rate??? @@mayan5600

Rajan was not a great governor and has forgotten that he got fired. He is irrelevant to India, nurses hurt and keeps talking down India. He himself is made in India.

@vikramsivakumar2943

10 ай бұрын

A great economist fired by the person who knows nothing about economy.

@harir3628

10 ай бұрын

How come Fed Reseve UK or no other country hired him?

" Rahul Gandhi is a smart young man"... brown noser RaghuRam Rajan..

What a freaking waste of time

Which is why we find such a pushback from the lay public towards the "Elites" ( read Demagogues)