” … This is the “animal spirit ” of the Indian capitalism that Manmohan Singh extolled in his 1991 Budget speech.What he forgot to tell the country is that this animal spirit of capitalism needs a state that allows for larceny on a grand scale. This is what we are seeing today. A huge transfer of nation’s scarce resources to the capitalist class, in which politicians and bureaucratic class are becoming prominent.”
A real analysis of the present scams and connected issues. This is from the article in “Peoples Democracy” dated March 28-April 03 by Prabir Purkaystha.