Let’s turn to some really good news:
This year marks the 25th anniversary of liberal reforms in India that led to the dismantling of many socialist economic policies and the end of the draconian License Raj. Liberalization has changed life for many in India over the past couple of decades, although much more remains to be done. Just the middle class along has exploded from 30 million people in 1991 to 300 million in 2014.
So this is a good occasion to tell the story of perhaps the most unexpected beneficiaries of these reforms: the rising Dalit millionaires. In recent years, many thousands of so-called “untouchables,” or Dalits, members of the lowest group in the Indian caste order, have risen out of poverty to become wealthy business owners, some even millionaires.
Westerners are often unable to grasp just what it has meant to be born into a caste of the…
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Sep 05, 2016 @ 19:08:18
Free markets give you robber barons whereas ccompetitive markets allow consumer sovereignty to dominate
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