Ex-RBI Governor Rajan Sees Community as Base for Capitalism

The video discusses a book by a former Reserve Bank of India governor, focusing on the challenges of capitalism and the importance of the third pillar, community, in democratic capitalism. It highlights the role of populist movements in questioning market and government failures, emphasizing the need for education and safety nets. The potential of populism to either foster competition or lead to crony capitalism is explored, stressing the importance of community in enabling market participation.

In what ways can populist movements be a force for good, based on the insights provided?

What are the potential dangers of populist movements if they do not act as a force for transformation?