In this article for Acting Man, I examine India’s continuing descent after demonetization and why the currency ban has exposed far deeper cultural, institutional, and political problems.

I discuss the failure of demonetization, the continuing suffering of ordinary Indians, the collapse of trust in banks and government, the rise of tax harassment and state control, and why India’s attempt to force a cashless economy is likely to deepen the crisis rather than solve it.

Read the archived article at Acting Man via the Wayback Machine →