Skip to main content

Posts

Showing posts with the label Yuppies; Free Market: Branding

More on Indian Yuppies: Fiscally conservative, Socially liberal

I was really surprised the other day when I heard one of these self-described Indian yuppie friends describe her political views as "fiscally conservative, socially liberal." Now at least this is a step forward from the typical Indian opportunism that you see among middle class children of trade liberalization (serving one of these global banks, hedge funds, or knowledge production houses), who usually describe themselves as "apolitical." But, what really is this "fiscally conservative, social liberal" label and what purposes does it serve? So let's begin with the classification "fiscally conservative." In simple words, a fiscally conervative worldview is one that favors privatization, trade liberalization, minimization of subsidies for the poor, and removal of social securities. Its proponents ranging from Ayn Rand to Milton Friedman, fiscal conservatism is rooted in the worldview that offering social securities to the poor makes them lazy