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Moneycontrol Pro Weekender | Casino Capitalism

Moneycontrol Pro Weekender | Casino Capitalism The GameStop saga has cast spotlight on the casino economy, long propped up by governments and central banks Representative image Dear Reader, John Maynard Keynes warned us as far back as 1936 that “When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done”. Eighty-five years later and thirty-five years after Susan Strange wrote her seminal work ‘Casino Capitalism’, few pe...
India General Jerome Powell Anant Goenka John Maynard Keynes Manas Chakravarty Susan Strange

Moneycontrol Pro Weekender | Is RBI Too Pessimistic About Banks?

Moneycontrol Pro Weekender | Is RBI too pessimistic about banks? A more productive approach would be to factor in the RBI’s concerns and take steps to strengthen the balance sheet of banks RBI | Representative Image. Dear Reader, Who is right, the Reserve Bank of India or banking analysts? The prospects for the country’s economic growth may well depend on the answer to that question. Earlier this week, the central bank unveiled its latest Financial Stability Report, which makes for sombr...
Lakshmi Iyer Manas Chakravarty Bruno Macaes Tata Motors Hudson Institute Union Budget

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