Political economist Parakala Prabhakar on Friday urged caution against the growing tolerance for inequality and the creed of ‘past worshipping’ in the country, observing that economy and polity are drifting far away from their core values.
In conversation with journalist T.K. Arun on ‘The State of Our Political Economy’ at the Mathrubhumi International Festival of Letters (MBIFL ‘24), Mr. Prabhakar opined that what we are seeing today is a “complete rejection” of the core principles of democracy. “If democracy is just us going to the polling booths once in five years and casting a vote and shutting up, I do not think that’s democracy,” he said.
The discourse on equality has shifted to a state where inequality is considered all right, where you cease to worry about it continuing and deepening. “We have come to a stage where we don’t have to address the question of inequality. That is the danger,” he said.
