Capitalism and the Throttling of Democracy in India

Colin Todhunter The deregulation of international capital flows (financial liberalisation) has effectively turned the planet into a free-for-all bonanza for the world’s richest capitalists. Under the post-World-War Two Bretton Woods monetary regime, nations put restrictions on the flow of capital. Domestic firms and banks could not freely borrow from banks elsewhere or from international capital …

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