The Dialectics of Authoritarianism*

Dec 26th 2016, Prabhat Patnaik
The decision to demonetise overnight as much as 86 percent of the currency of a country which is predominantly currency-using, is necessarily irrational, undertaken in the quest of a heroism that is a necessary feature of an authoritarian regime.

* This article was originally published in the People’s Democracy on December 25, 2016.

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