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Ignoring warning signs, whistle-blowers and clear visible facts and acknowledging them later when a disaster strikes is human nature. But even that reckoning will be limited to the extent of the disaster, and not an inch further or deeper. That is why the Hindenburg Report and the rout in the share market are viewed and argued as the alleged flaw of a single conglomerate. The crisis is far deeper and its impact more serious than the loss in the share market. A soul-searching is needed, as it begins with India’s tryst with Neoliberalism way back in 1991.

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