4min chapter

The Seen and the Unseen - hosted by Amit Varma cover image

Ep 321: Josh Felman Tries to Make Sense of the World

The Seen and the Unseen - hosted by Amit Varma

CHAPTER

India's Credit Crisis, Ajay Has to Leave

Amitai Etzioni: I don't think through all these years, there's really been a recognition of it. The genesis of the problem was that in the mid-2000s, people became absolutely convinced that this was India's time and now it was India's turn. And so everyone decided that there needed to be a huge expansion of infrastructure. These were regular businessmen making a business calculation, which made sense at the time. But they paid for it because if you just think you double capacity in expectation that that capacity would be needed and it turns out that it's not needed, then you have a problem.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode