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Showing posts with the label “Nouriel Roubini”

Modi’s India and the New World Order

The main points in this long but very good article Gautam  Adani “was not only a beneficiary of the new political and economic order devised by Modi to consolidate Hindu supremacism in India. The neglected details of his frictionless rise show that after their calamitous romance with Russia’s oligarchy, Western politicians, journalists and bankers facilitated the ascent of another hyper-nationalist elite with dubiously sourced wealth and an extreme aversion to the rule of law and civil liberties.” “When Modi was barred from travelling to the United States and the European Union because of his suspected complicity in the anti-Muslim pogrom in Gujarat in 2002, and many Indian businessmen recoiled from him, Adani worked hard to rehabilitate his associate. Since becoming prime minister in 2014, Modi has repaid the favour: he turned Adani into India’s biggest operator of private airports and ports, as well as its leading producer of power from coal-fired plants. McKinsey’s global managing p