India's recent election should help the country to continue – not without occasional turbulence – its journey toward becoming a high-growth economy that raises living standards for the poor. By contrast, June's elections to the European Parliament are likely to be marked by low turnout and a large protest vote for extremist parties.
LONDON – Individual elections do not always enhance democracy – a useful reminder that the ballot box is only one part, albeit a central one, in any free, plural society. Of course, there are also magnificent examples of elections that strengthen both the stability and the institutions of a community.
We have just witnessed an example of the second kind in India, the world’s largest and greatest democracy, where 420 million voters there returned a Congress-led government with a solid majority. It was in many respects a personal triumph for Prime Minister Manmohan Singh. His victory shows that it is possible to succeed in politics through decency, honesty, and high intelligence. Sonia Gandhi and her family should also take credit for putting at the forefront of their campaign a vision of an inclusive society, which rejects divisions on the basis of caste, ethnicity, language, and religion.
The result should help India to continue – not without occasional turbulence – its journey toward becoming a high-growth economy that raises the standard and quality of life for the poor.
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Rather than reducing concentrated market power through “disruption” or “creative destruction,” technological innovation historically has only added to the problem, by awarding monopolies to just one or a few dominant firms. And market forces offer no remedy to the problem; only public policy can provide that.
shows that technological change leads not to disruption, but to deeper, more enduring forms of market power.
The passing of America’s preeminent foreign-policy thinker and practitioner marks the end of an era. Throughout his long and extraordinarily influential career, Henry Kissinger built a legacy that Americans would be wise to heed in this new era of great-power politics and global disarray.
reviews the life and career of America’s preeminent foreign-policy scholar-practitioner.
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LONDON – Individual elections do not always enhance democracy – a useful reminder that the ballot box is only one part, albeit a central one, in any free, plural society. Of course, there are also magnificent examples of elections that strengthen both the stability and the institutions of a community.
We have just witnessed an example of the second kind in India, the world’s largest and greatest democracy, where 420 million voters there returned a Congress-led government with a solid majority. It was in many respects a personal triumph for Prime Minister Manmohan Singh. His victory shows that it is possible to succeed in politics through decency, honesty, and high intelligence. Sonia Gandhi and her family should also take credit for putting at the forefront of their campaign a vision of an inclusive society, which rejects divisions on the basis of caste, ethnicity, language, and religion.
The result should help India to continue – not without occasional turbulence – its journey toward becoming a high-growth economy that raises the standard and quality of life for the poor.
To continue reading, register now.
Subscribe now for unlimited access to everything PS has to offer.
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