An uphill battle for protecting the essence of liberal democracy

In the book The Political Economy of Development in India, I had referred to the 19th-century British example of the industrial bourgeoisie allowing an extension of franchise to the working classes, not necessarily out of love or fear of the latter, but more to checkmate their elite rival in the landed aristocracy. (Roughly similar, episodic, cases have been cited by political scientists in the history of Denmark, Greece, Spain and France in the 19th century, and of Argentina and Portugal in the early part of the 20th). In Federalist Paper no. 10, James Madison looked upon a great number of wh.....

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel
Key stories on are available to premium subscribers only.

Already a premium subscriber?

Subscribe to get an across device (Website, Mobile Web, Iphone, Ipad, and Android Phone applications) access to Premium content, Breaking News alerts, Industry Newsletters, Stock and Corporate news alerts, access to Archives and a lot more.