In this discussion with Al Korelin and Cory Fleck on The Korelin Economic Report, I speak from India about the country’s stagnant economy and the rise of Hindu fanaticism.

We discuss how India’s economic problems are not merely cyclical but rooted in deeper cultural, political, and institutional issues. I also discuss how rising fanaticism, state interference, and weak respect for individual freedom continue to undermine India’s economic prospects.

Listen to the full discussion below:

Key Takeaways

• India’s economic stagnation is not merely a temporary problem, but reflects deeper institutional and cultural weaknesses.
• Rising Hindu fanaticism damages India’s prospects by weakening reason, individual liberty, and social trust.
• Government interference and political dysfunction continue to suffocate economic life.
• India’s problems cannot be solved by superficial reforms if the deeper moral and institutional substrate remains weak.
• Gold remains relevant in societies where people lack confidence in institutions, government, and the currency.