For nearly as long as I can remember, the prevailing consensus in mainstream media has been that liberalization is a good thing. Way back in the 1980s, when Dilip Thakore was the founding editor of Businessworld, he always made it clear that his policy was to back the corporate sector against government because there were too many restrictions on doing business in India. Few editors went quite as far as Malcolm Forbes who used to cheerfully describe his eponymous magazine as a capitalist tool, but there was no doubt that few socialists would ever make it to the top editorships. Read more

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