Economic Democracy - By Chronicle Editorial Team

An explosion of material aspirations is posing new challenges to Indian democracy. Beneath all the outrage about crony capitalism, inept governance and absent jobs is an unrest that arises from a fundamental mismatch between the economic and political sphere. We may be equal inside the polling booth – with one-person one-vote and every vote carrying equal weight. But out in the market place there is no such thing as equality. So what is it that would enable democratic societies to foster a market system that is both dynamic and compatible with democracy’s promise of empowerment-of-all? It is need to foster ....