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Ep 306: The History of the Planning Commission

The Seen and the Unseen - hosted by Amit Varma

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Capitalism and the Industrial Revolution

For better or for worse, capitalism comes to be associated with with colonialism. Centralization of the economy had got a good reputation amongst anti-colonial nationalists from late 19th century onwards. The Second World War plays a very important aspect in this because whichever side you are on, allied or axis, the state is playing the role of governing the economy. And I think it's because of the legacy of colonialism and its association with capitalism.

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