Democracy is India's Achilles' heel
We assume that democracy is what every country should have. But what has democracy done for India? Easy. It has stimulated corruption on a massive scale, and if you want to get rich in India the most direct way is to run for parliament and reap the payoffs businesses are obliged to make to the local MP. Caste, that Indian curse, becomes more entrenched as politicians exploit caste allegiances to win votes. Bombay may be booming but it’s hardly Shanghai. A country that is striving to be an economic powerhouse is being pulled down by its political system. Democracy is India’s Achilles’ heel. So…
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