Neglecting social issues not just myopic but dangerous: Raghuram Rajan
- Ex-RBI governor Raghuram Rajan calls for a return to empowering local communities as an antidote to growing despair and unrest
- He has written a new book in which he analyses critical issues plagueing societies globally
New Delhi: Neglecting social issues is not just myopic but dangerous, warns former Reserve Bank of India (RBI) governor Raghuram Rajan as he calls for a return to empowering local communities as an antidote to growing despair and unrest. Local community government acts as a shield against the policies of the federal government, thus protecting minorities against a possible tyranny of the majority, and serving as a check on federal power, he says.
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