Even as many affluent countries are beginning to see the light at the end of the tunnel of the COVID-19 pandemic, India is facing a terrifying rise of cases and deaths. According to Raghuram Rajan, the former governor of the Reserve Bank of India and the former Chief Economist at the International Monetary Fund, a large part of the blame for the pandemic rests with Narendra Modi; but the government’s poor performance also has its roots in a deeper failure of the country’s institutions.
In this week’s conversation, Yascha Mounk and Raghuram Rajan discuss the role of government in preventing catastrophes, the suppression of free speech in India, and how decentralizing the economy can empower local communities and strengthen democracy.
This transcript has been condensed and lightly edited for clarity.
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