The close relationship of the Indian political and business classes, and the scams that have often followed, have led some commentators to make a comparison to the Gilded Age of the United States, where robber barons and industry titans monopolized markets, leading to huge profits, as well as economic progress. This course explores the basis of this debate. Is this India’s own Gilded Age where democratic institutions have yet to mature and capitalism has yet to find its way? Will a period of corrupt progress lead to more democratic growth?
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