The Morality of capitalism

In March, I accepted a daunting assignment: to lecture college students in Pune on The Morality of Capitalism. Predictably, this produced many sniggers. Capitalists are crooks, I was told. They milk you for all they can get. They cheat you in a thousand ways. Banias are notorious for using 'fixed' weighing scales and adulterating goods . They black-market goods subject to price controls, ranging from urea to kerosene.

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