Guest Post by SANJAY KUMAR
The withdrawal of eighty six percent of currency notes by the Modi government has been an administrative fiasco. It is clear that little economic thought, and only a political urge has gone into the exercise. Informal sector of the economy, which accounts for 80% of the employment and 40% of the national output, has suffered short to medium term damage. All cash dependent transactions, wages, wholesale and retail trade, agricultural purchase and sale, are at a crawl. Workers are not getting wages, factories are closing, mandis are empty. Crores of young and old working people are spending hours in queues at banks and ATMs to withdraw their own money now gone scarce. Press reports count more than eighty deaths. Parliament of the country is in a limbo, because the prime minister thinks it below his worth to reply to charges by the opposition party MPs. While ordinary people are suffering, the Nero like rulers are trumpeting the arrival of the nirvana of a cash less economy as the answer to India’s economic ills.
Even while Mr Modi’s government is solely responsible for this needless and widespread suffering, it would be naive to expect an automatic popular backlash against it. The politics of the ruling party does not fit into the patronage or identity driven models of its competitors. Its closest template is fascist politics, which is a very particular kind of authoritarianism. What distinguishes a fascist regime from other modern authoritarian regimes like military dictatorships is the popular support it is able to garner for its policies and depredations. This is achieved by carefully working upon popular anxieties, prejudices, desires and fears, and refashioning them as grounds for aggression against selected minorities, and a belief in an imminent deliverance under the personalised rule of a leader. Continue reading Buying into Demonetisation- the Popular Ideological Receptors of Creeping Fascism: Sanjay Kumar