Raghuram Rajan Quotes
Because the free market system is so weak politically, the forms of capitalism that are experienced in many countries are very far from the ideal. They are a corrupted version, in which powerful interests prevent competition from playing its natural, healthy role.
Rajan, Raghuram, and Luigi Zingales. Saving Capitalism from the Capitalists: Unleashing the Power of Financial Markets to Create Wealth and Spread Opportunity. Crown Business, 2003.
He and his brother were the largest political contributors in the United States, so they had enormous influence on Republicans (they only made political contributions to conservative organizations).
Brandeis was U. S. Supreme Court Justice Louis D. Brandeis, 1856-1941, who wrote that competition would control prices if only healthy competition could be maintained—the problem was resolved by both increasing competition and much more stringent regulation of corporations.
Rove had bridged the traditional gap between the right wing Religious fundamentalists and large business, industrial, heavy donors to the party. These groups usually diverged on economic policy and cultural values however Rove had convinced both that they should tolerate the other for the sake of maintaining power for President George W. Bush who delivered enough to each to hold them in coalition. Rove’s style tended to moralize everything for the religious right including their cooperation with major exploiters of economic self-interest. Rove’s religious tactics which were so successful was a subject of great interest and analysis, especially since Rove himself was an agnostic.
Raghuram Govinda Rajan is an Indian economist and the Katherine Dusak Miller Distinguished Service Professor of Finance at the University of Chicago Booth School of Business. Between 2003 and 2006 he was Chief Economist and Director of Research at the International Monetary Fund. From September 2013 through September 2016 he was the 23rd Governor of the Reserve Bank of India; in 2015, during his tenure at the RBI, he became the Vice-Chairman of the Bank for International Settlements.
