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Published · transcript-backed

Raghuram Rajan: evaluation

13 Mar 2019 Conversations with Tyler Raghuram Rajan on Understanding Community

“I would say that to some extent, the structure we created has stood us well. And this is where I go back to the democracy.”

— Raghuram Rajan

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Speaker
Raghuram Rajan
Attribution
Verified speaker
Claim type
evaluation
Recorded
13 Mar 2019
Publisher
Conversations with Tyler

Transcript context

…If we look at Spain today, many Catalonians wish to leave. To outsiders, the difference between a Spaniard and a Catalonian appears relatively small compared to, say, the differences in India. I see no serious signs of India breaking up whatsoever. What is it that accounts for this extreme stability of India that maybe is not so visible to outsiders? I would say that to some extent, the structure we created has stood us well. And this is where I go back to the democracy. Yes, people question how illiterate people can have a sensible vote. But again and again, you see that our voters make what seem like sensible decisions. But Spain has democracy, Belgium has democracy. They might be splitting apart.…

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