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Sunday, September 21, 2008

Tata Nano and the Singur Controversy

In response to the current land acquisition controversy in Singur for the highly touted Tata Nano project, Amartya Sen the Nobel Laureate for economics, writes a commentary in the Telegraph. Below is an excerpt
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That politics might change over time once the terrible consequences of industrial and economic stagnation are more widely appreciated and understood. But for the moment the political attraction of street activism seems dominant, supplemented intellectually by the old physiocratic illusion of prosperity grounded only on agriculture. The latter piece of romantic thought cannot but fade over time with the influence of realism (no country has ever achieved much prosperity on the basis of agriculture alone). But at this moment realism looks like a distant dream.
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