24/11/08

on violence

i see this as violence: banks promoted by the government cornering most of the capital in the country to lend only to an exclusive few sections of indian society. how's that violence? because that leaves very little surplus capital outside the banks. and naturally, informal lenders who control this capital demand high rates of interest from the rest of the borrowers.

any solution that ignores the fact that most of the credit in the country is cornered by those banks to be lent exclusively to very few sections of indian society, ignores the whole picture- there is very little left for a very large number of people.

anu: that illustrates violence in its entirety, in my view.

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