The cultural costs of a globalized economy for India
This article has examined the changes that have occurred in India, triggered by the liberalization and globalization of the country's economy, through which India has become an inseparable part of the world capitalist system.43 The cultural costs of the rise of the middle class, blatant consumerism, escalation in corruption, burgeoning cities with associated problems, rising contradictions between cities and villages, the rise of fundamentalism and the radically transforming cultural ethos are alarming and are likely to give rise to political instability in the “largest democracy” of the world. The main danger is the political swing to the right and rising fascist tendencies.
KeywordsMiddle Class Globalized Economy Political Instability Capitalist System World Capitalist
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