How to save global capitalism from itself
The former governor of the Reserve Bank of India shares his view. "There is an alternative embraced by countries like Canada: to celebrate culture within community rather than attempting an impossible national homogeneity. Some communities will choose monoculture, while others will choose multicultural lifestyles." Raghuram Rajan looks at why sustainable capitalism needs to consider societal underpinnings and not just rely on competitive markets.
From Foreign Policy