as proof of national progress —
reforms took the persuasive edge out of that language.
Now that the politician who lent his name to the new economics has taken a so very different approach, will Manmohanomics survive in politics? The change wrought by reforms is broad but not deep enough still. What if politicians across the spectrum take a cue from the PM? What if what are considered ‘excesses’ of a few are extrapolated to condemn the aspirations of the many? What if the most marvellous lesson from reforms — that economic freedom is much more democratic than a nanny state — is forgotten in the rush to target the billionaire and the CEO? Would the prime minister want that?
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