In The Shadow Of The Banyan Chapter 1 Summary
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State Capitalism
Author: Joshua Kurlantzick
language: en
Publisher: Oxford University Press
Release Date: 2016
The end of the Cold War ushered in an age of American triumphalism best characterized by the "Washington Consensus: " the idea that free markets, democratic institutions, limitations on government involvement in the economy, and the rule of law were the foundations of prosperity and stability. The last fifteen years, starting with the Asian financial crisis, have seen the gradual erosion of that consensus. Many commentators have pointed to the emergence of a powerful new rival model: state capitalism. In state capitalist regimes, the government typically owns firms in strategic industries. Not beholden to private-sector shareholders, such firms are allowed to operate with razor-thin margins if the state deems them strategically important. China, soon to be the world's largest economy, is the best known state capitalist regime, but it is hardly the only one. In State Capitalism, Joshua Kurlantzick ranges across the world--China, Thailand, Brazil, Russia, South Africa, Turkey, and more--and argues that the increase in state capitalism across the globe has, on balance, contributed to a decline in democracy. He isolates some of the reasons for state capitalism's resurgence: the fact that globalization favors economies of scale in the most critical industries, and the widespread rejection of the Washington Consensus in the face of the problems that have plagued the world economy in recent years. That said, a number of democratic nations have embraced state capitalism, and in those regimes, state-backed firms like Brazil's Embraer have enjoyed considerable success. Kurlantzick highlights the mixed record and the evolving nature of the model, yet he is more concerned about the negative effects of state capitalism. When states control firms, whether in democratic or authoritarian regimes, the government increases its advantage over the rest of society. The combination of new technologies, the perceived failures of liberal economics and democracy in many developing nations, the rise of modern kinds of authoritarians, and the success of some of the best-known state capitalists have created an era ripe for state intervention. State Capitalism offers the sharpest analysis yet of what state capitalism's emergence means for democratic politics around the world.
Purāṇa Perennis
In this volume, leading American, European, and Indian scholars including John E. Cort, Friedhelm Hardy, Padmanabh S. Jaini, Laurie L. Patton, A. K. Ramanujan, Velcheru Narayana Rao, and David Shulman discuss the subject of the Purāṇas, focusing particularly on the relationship between the "Great Puran'as" of the Sanskrit tradition and the many other sorts of Purāṇas. The Puran'as are essentially collections of stories dealing with all aspects of myth, ritual, science, and history, and the authors of these essays are all superb storytellers.
Land of the Golden River
A Journey through Story to Poṉṉivaḷa Nāḍu: An Ancient Tamil Kingdom This remarkable epic-length legend presents a rich and well-rounded view of local South Asian folk history, masterfully interwoven with many social themes and multiple layers of religious tradition. The text provides a lively read and can be enjoyed by students of all backgrounds and levels. This richly decorated oral telling combines numerous poetic songs with direct conversations and detailed narrative passages. The descriptive segments help to advance a broader story trajectory, leading the reader towards a long-foretold, yet still surprising, conclusion. In 1965 a highly respected troubadour duo, C. Rāmacāmi of Erucaṇampāḷayam, and his nephew Paḷaṇicāmi, sang this magnificent legend in front of a live South Indian village audience. It took them eighteen nights to complete this tale! Weeks later the senior performer, Rāmacāmi, patiently dictated this same story to a local assistant who was working for the translator at the time. The text was meticulously written down by hand, phrase-by-phrase, over many days. Both bards wanted to preserve a story they knew in their hearts was truly unique and sacred. Each gave the present collector permission to share the words of this tale. They wanted the whole world to learn about a great legend they had themselves spent years learning. This story is about the potential for social renewal and those two singers believed it could better the lives of all who listened to it. Fifty-five years later, following in in the footsteps of these two men, their enthusiasm has now born fruit in a book they had both hoped for but could never have written themselves.