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Showing posts with label Amartya Sen. Show all posts
Showing posts with label Amartya Sen. Show all posts

Saturday 21 July 2012

Indians Great, Greater, Greatest?



Ramachandra Guha in The Hindu

Choosing the ‘Greatest Indian After Gandhi’ is di icult when the present exerts such a strong pull over our view of the past and there is a wide variation between how the ‘greatness’ of an individual is assessed by the aam aadmi and by the expert, says Ramachandra Guha




Nations need heroes, but the construction of a national pantheon is rarely straightforward or uncontested. Consider the debate in the United States about which faces should adorn the national currency. The founding figures of American Independence — Jefferson, Washington, Hamilton, Madison, and Franklin — are all represented on the dollar bill, albeit on different denominations. So are the 19th century Presidents Andrew Jackson, Abraham Lincoln, and Ulysses S. Grant. In recent years, right-wing Americans have campaigned for their hero, Ronald Reagan, to be represented on the national currency. This, it is said, is necessary to bring it in line with contemporary sentiments. Of 20th century Presidents, Franklin Delano Roosevelt is represented on the dime, and John F. Kennedy on the dollar. Both were Democrats. Republicans now demand that the pantheon feature one of their ilk. In 2010, a Congressman from North Carolina, Patrick McHenry, canvassed for a law mandating that Ulysses S. Grant be replaced on the fifty dollar bill by Ronald Reagan. “Every generation needs its own heroes”, said McHenry. The American hero he was anointing for our times was Reagan, “a modern day statesman, whose presidency transformed our nation’s political and economic thinking”.


Turn now to that other large, complex, cacophonous, democracy — our own. After India became independent, the national pantheon offered to its citizens was massively dominated by leaders of the Congress Party. Mahatma Gandhi was positioned first, with Jawaharlal Nehru only a short distance behind. Both had played important roles in the freeing of the country from colonial rule. Both were truly great Indians. That said, the popular perception of both was helped by the fact that the party to which they belonged was in power for the crucial decades after Independence.


Newspapers, the radio, and school textbooks all played their role in the construction of a narrative in which Gandhi was the Father of the Nation and Nehru its Guide and Mentor in the first, formative years of the Republic’s existence. Until the 1960s, the dominance of Nehru and Gandhi in the national imagination was colossal. When, in that decade, the American scholar Eleanor Zelliot wrote a brilliant dissertation on B.R. Ambedkar and the Mahar movement in Maharashtra, she was unable to find a publisher. But then the Congress started to lose power in the States. In 1977 it lost power for the first time at the Centre. The rise of new political parties led naturally to revisionist interpretations of the past. New heroes began to be offered for inclusion in the nation’s pantheon, their virtues extolled (and sometimes magnified) in print, in Parliament, and, in time, in school textbooks as well.


The Indian who, in subsequent decades, has benefited most from this revaluation is B.R. Ambedkar. A scholar, legal expert, institution builder and agitator, Ambedkar played a heroic (the word is inescapable) role in bringing the problems of the untouchable castes to wider attention. He forced Gandhi to take a more serious, focused, interest in the plight of the depressed classes, and himself started schools, colleges and a political party to advance their interests.


Ambedkar died in December 1956, a political failure. The party he founded scarcely made a dent in Congress hegemony, and he was unable to win a Lok Sabha seat himself. But his memory was revived in the 1970s and beyond. His works began to be read more widely. He was the central, sometimes sole, inspiration for a new generation of Dalit activists and scholars. Obscure at the time of his death in 1956, condescended to by the academic community until the 1980s (at least), Ambedkar is today the only genuinely all-India political figure, worshipped in Dalit homes across the land. Notably, he is not a Dalit hero alone, his achievements recognised among large sections of the Indian middle class. No one now seeking to write a book on Ambedkar would have a problem finding a publisher.


The (belated) incorporation of Ambedkar into the national pantheon is a consequence largely of the political rise of the subaltern classes. Meanwhile, the pantheon has been expanded from the right by the inclusion of Vallabhbhai Patel. Paradoxically, while Patel was himself a lifelong Congressman, the case for his greatness has been made most vigorously by the Bharatiya Janata Party (BJP). BJP leaders and ideologues speak of Patel as the Other, in all respects, of Jawaharlal Nehru. They claim that if Patel had become Prime Minister, Kashmir would have been fully integrated into India. Under Patel the country would have followed a more pragmatic (i.e. market-oriented) economic policy, while standing shoulder-to-shoulder with Western democracies against godless Communism. Nor, if Patel had been in charge, would there have been (it is claimed) any appeasement of the minorities.


The BJP reading of history is tendentious, not least because Patel and Nehru were, in practice, collaborators and colleagues rather than rivals or adversaries. To be sure, they had their disagreements, but, to their everlasting credit, they submerged these differences in the greater task of national consolidation. Theirs was a willed, deliberate, division of labour and responsibilities. Nehru knew that Patel, and not he, had the patience and acumen to supervise the integration of the princely states and build up administrative capacity. On the other side, as Rajmohan Gandhi demonstrates in his biography of Patel, the man had no intention or desire to become Prime Minister. For Patel knew that only Nehru had the character and personality to take the Congress credo to women, minorities, and the South, and to represent India to the world. 


That the BJP has to make the case for Patel is a consequence of the Congress’s capture by a single family determined to inflate its own contributions to the nation’s past, present, and future. Sonia Gandhi’s Congress Party recognises that a pantheon cannot consist of only two names; however, in their bid to make it more capacious, Congressmen place Indira and Rajiv alongside Nehru and Mahatma Gandhi. Thus the ubiquitous and apparently never-ending naming of sarkari schemes, airports, buildings, and stadia, after the one or the other.


The preceding discussion makes clear that political parties and social movements play a crucial role in how the national past is conveyed to citizens in the present. Indians admired by parties and movements, such as Ambedkar and Patel, have had their achievements more widely recognised than might otherwise have been the case. By the same token, great Indians whose lives are incapable of capture by special interests or sects have suffered from the enormous condescension of posterity.


Consider, in this regard, the current invisibility from the national discourse of Kamaladevi Chattopadhyaya. Married to a man chosen by her family, she was widowed early, and then married a left-wing actor from another part of India. She joined the freedom movement, persuading Gandhi to allow women to court arrest during the Salt March and after. After coming out of jail, Kamaladevi became active in trade union work, and travelled to the United States, where she explained the relevance of civil disobedience to black activists (her turn in the South is compellingly described in Nico Slate’s recent book Colored Cosmopolitanism). After Independence and Partition, Kamaladevi supervised the resettlement of refugees; still later, she set up an all-India network of artisanal cooperatives, and established a national crafts museum as well as a national academy for music and dance. Tragically, because her work cannot be seen through an exclusively political lens, and because her versatility cannot be captured by a sect or special interest, Kamaladevi is a forgotten figure today. Yet, from this historian’s point of view, she has strong claims to being
regarded as the greatest Indian woman of modern times.

Earlier this year, I was invited to be part of a jury to select the ‘Greatest Indian Since Gandhi’. The organisers did me the favour of showing me a list of 100 names beforehand. Many of the names were unexceptionable, but some strongly reflected the perceptions (and prejudices) of the present. For example, Kiran Bedi was in this list, but Kamaladevi Chattopadhyay wasn’t, a reflection only of the fact that the latter did not live in an age of television. There was also a regional bias: compiled in Delhi, the preliminary list did not include such extraordinary modern Indians as Shivarama Karanth, C. Rajagopalachari, and E. V. Ramaswami ‘Periyar’. There was also a marked urban bias: not one Indian who came from a farming background was represented, not even the former Prime Minister Charan Singh or the former Agriculture Minister (and Green Revolution architect) C. Subramaniam. Nor was a single Adivasi on the list, not even the Jharkhand leader Jaipal Singh.


Since this was a provisional list, the organisers were gracious enough to accommodate some of these names at my request. The revised list was then offered to a jury composed of actors, writers, sportspersons and entrepreneurs, men and women of moderate (in some cases, considerable) distinction in their field. Based on the jury’s recommendations the 100 names were then brought down to 50. The names of these 50 ‘great’ Indians were then further reduced to 10, in a three-way process in which the votes of the jury were given equal weightage with views canvassed via an online poll and a market survey respectively. The results
revealed two striking (and interconnected) features: the strong imprint of the present in how we view the past, and the wide variation between how the ‘greatness’ of an individual is assessed by the aam aadmi and by the expert.


Here are some illustrations of this divergence. In the jury vote, B.R. Ambedkar and Jawaharlal Nehru tied for first place; each had 21 votes. The online poll also placed Ambedkar in first place, but ranked Nehru as low as 15th, lower than Vallabhbhai Patel, Indira Gandhi, and Atal Bihari Vajpayee. Even Sachin Tendulkar, A.R. Rahman, and Rajnikanth were ranked higher than Nehru by Net voters. In the jury vote, the industrialist J.R.D. Tata and the social worker Mother Teresa were ranked immediately below Ambedkar and Nehru. Vallabhbhai Patel was ranked fifth by the jury, but an impressive third by Net voters. This suggests that like Ambedkar, Patel has a strong appeal among the young, albeit among a different section, those driven by the desire to see a strong state rather than the wish to achieve social justice. Nehru, on the other hand, is a
figure of disinterest and derision in India today, his reputation damaged in good part by the misdeeds of his
genealogical successors.The most remarkable, not to say bizarre, discrepancy between the expert and the aam aadmi was revealed in the case of the former President of India, A.P.J. Abdul Kalam. Only two (out of 28) jury members voted for Kalam to be one of the shortlist of 10. On the other hand, Kalam was ranked first by those surveyed by market research, and second in the online polls.


What explains this massive variation in perception? The jury was motivated perhaps by the facts — the hard,
undeniable, if not so widely advertised facts — that Kalam has not made any original contributions to scientific or scholarly research. Homi Bhabha, M.S. Swaminathan, and Amartya Sen, who have, were thus ranked far higher than the former President. Nor has Kalam done important technological work — recognising this, the jury ranked the Delhi Metro and Konkan Railway pioneer E. Sreedharan above him.
In the popular imagination, Kalam has been credited both with overseeing our space programme and the nuclear tests of 1998. In truth, Vikram Sarabhai, Satish Dhawan, U.R. Rao and K. Kasturirangan did far more to advance India’s journey into space. Kalam was an excellent and industrious manager; a devoted organisation man who was rewarded by being made the scientific adviser to the Government of India. It was in this capacity that he was captured in military uniform at Pokhran, despite not being a nuclear specialist of any kind.


A key reason for Abdul Kalam’s rise in public esteem is that he is perceived as a Muslim who stands by his
motherland. In the 1990s, as there was a polarisation of religious sentiment across India, Kalam was seen by many Hindus as the Other of the mafia don Dawood Ibrahim. Dawood was the Bad Muslim who took refuge in Pakistan and planned the bombing of his native Bombay; Kalam the Good Muslim who stood by India and swore to bomb Pakistan if circumstances so demanded. This was the context in which Kalam was picked up and elevated to the highest office of the land by the Bharatiya Janata Party. The BJP wanted, even if symbolically, to reach out to the minorities they had long mistrusted (and sometimes persecuted). In this rebranding exercise, the fisherman’s son from Rameswaram proved willing and able. A second reason that Kalam is so admired is that he is an upright and accessible public servant in an age characterised by arrogant and corrupt politicians. As President, Kalam stayed admirably non-partisan while reaching out to a wide cross-section of society. He made a particular point of interacting with the young, speaking in schools
and colleges across the land, impressing upon the students the role technology could play in building a  prosperous and secure India. A.P.J. Kalam is a decent man, a man of integrity. He is undeniably a good Indian, but not a great Indian, still less (as the popular vote would have us believe) the second greatest Indian since Gandhi. Notably, the Net voters who ranked Kalam second also ranked Kamaladevi Chattopadhyay 50th, or last. At the risk of sounding elitist, I have to say that in both cases the aam admi got it spectacularly wrong.


III

A nation’s pantheon is inevitably dominated by men and women in public affairs, those who fought for independence against colonial rule, and thereafter ran governments and crafted new laws that reshaped society. One of the appealing things about the exercise I was part of was that it did not choose only to honour politicians. The longlist of 50 had actors, singers, sportspersons, scientists, and social workers on it. Commendably, in their own selection of Ten Great Indians since Gandhi, expert as well as aam admi sought to have a variety of fields represented. Collating the votes, a final list of 10 was arrived at, which, in alphabetical order read: B.R. Ambedkar; Indira Gandhi; A.P.J. Abdul Kalam; Lata Mangeshkar; Jawaharlal Nehru; Vallabhbhai Patel; J.R.D. Tata; Sachin Tendulkar; Mother Teresa; A.B. Vajpayee.
Reacting both as citizen and historian, I have to say that six of these 10 choices should be relatively uncontroversial.

Ambedkar, Nehru and Patel are the three towering figures of our modern political history. J.R.D. Tata was that rare Indian capitalist who promoted technological innovation and generously funded initiatives in the arts. Although in sporting terms Viswanathan Anand is as great as Sachin Tendulkar, given the mass popularity of cricket the latter has had to carry a far heavier social burden. Likewise, although a case can be made for M. S. Subbulakshmi, Satyajit Ray or Pandit Ravi Shankar to represent the field of ‘culture’, given what the Hindi film means to us as a nation, Lata had to be given the nod ahead of them. It is with the remaining four names that I must issue a dissenting note. Taken in the round, Kamaladevi Chattopadhyay’s achievements are of more lasting value than Indira Gandhi’s. If one wanted a non-Congress political figure apart from Ambedkar, then Jayaprakash Narayan or C. Rajagopalachari must be considered more original thinkers than A.B. Vajpayee. Mr. Vajpayee’s long association with sectarian politics must also be a disqualification
(likewise Indira Gandhi’s promulgation of the Emergency).

As for Mother Teresa, she was a noble, saintly, figure, but I would rather have chosen a social worker — such as Ela Bhatt — who enabled and emancipated Indians from disadvantaged backgrounds rather than simply dispensed charity. My caveats about Abdul Kalam have been entered already. In the intellectual/scientist category, strong arguments can be made in favour of the physicist Homi Bhabha and the agricultural scientist M.S. Swaminathan Although I wouldn’t object to either name, there is also Amartya Sen, acknowledged by his peers as one of the world’s great economists and economic philosophers, and who despite his extended residence abroad has contributed creatively to public debates in his homeland.

To choose 50 and then 10 Great Indians was an educative exercise. One was forced to consider the comparative value of different professions, and the claims and pressures of different generations and interest groups. However, I was less comfortable with the further call to choose a single Greatest Indian. For it is only in autocracies — such as Mao’s China, Stalin’s Russia, Kim Il-sung’s North Korea and Bashir Assad’s Syria — that One Supreme Leader is said to embody the collective will of the nation and its people.


This anointing of the Singular and Unique goes against the plural ethos of a democratic Republic. To be sure, one may accept that politics is more important than sports. Sachin Tendulkar may be the Greatest Indian Cricketer but he cannot ever be the Greatest Indian. But how does one judge Ambedkar’s work for the Dalits and his piloting of the Indian Constitution against Nehru’s promotion of multiparty democracy based on adult franchise and his determination not to make India a Hindu Pakistan? And would there have been an India at all if Patel had not made the princes and nawabs join the Union?


In his famous last speech to the Constituent Assembly, Ambedkar warned of the dangers of hero-worship in politics. In a less known passage from that same speech he allowed that a nation must have its heroes. That is to say, one can appreciate and admire those who nurtured Indian democracy and nationhood without venerating them like gods. In that spirit, one might choose hundred great Indians, or fifty, or ten, or even, as I have ended by doing here, three. But not just One.

Friday 25 May 2012

Adam Smith's Market never stood alone

 

  By Amartya Sen
Published: March 10 2009 20:15 | Last updated: March 10 2009 20:15
Pinn illustration


Exactly 90 years ago, in March 1919, faced with another economic crisis, Vladimir Lenin discussed the dire straits of contemporary capitalism. He was, however, unwilling to write an epitaph: "To believe that there is no way out of the present crisis for capitalism is an error." That particular expectation of Lenin's, unlike some he held, proved to be correct enough. Even though American and European markets got into further problems in the 1920s, followed by the Great Depression of the 1930s, in the long haul after the end of the second world war, the market economy has been exceptionally dynamic, generating unprecedented expansion of the global economy over the past 60 years. Not any more, at least not right now. The global economic crisis began suddenly in the American autumn and is gathering speed at a frightening rate, and government attempts to stop it have had very little success despite unprecedented commitments of public funds.

The question that arises most forcefully now is not so much about the end of capitalism as about the nature of capitalism and the need for change. The invoking of old and new capitalism played an energising part in the animated discussions that took place in the symposium on "New World, New Capitalism" led by Nicolas Sarkozy, the French president, Tony Blair, the former British prime minister, and Angela Merkel, the German chancellor, in January in Paris.

The crisis, no matter how unbeatable it looks today, will eventually pass, but questions about future economic systems will remain. Do we really need a "new capitalism", carrying, in some significant way, the capitalist banner, rather than a non-monolithic economic system that draws on a variety of institutions chosen pragmatically and values that we can defend with reason? Should we search for a new capitalism or for a "new world" – to use the other term on offer at the Paris meeting – that need not take a specialised capitalist form? This is not only the question we face today, but I would argue it is also the question that the founder of modern economics, Adam Smith, in effect asked in the 18th century, even as he presented his pioneering analysis of the working of the market economy.

Smith never used the term capitalism (at least, so far as I have been able to trace), and it would also be hard to carve out from his works any theory of the sufficiency of the market economy, or of the need to accept the dominance of capital. He talked about the important role of broader values for the choice of behaviour, as well as the importance of institutions, in The Wealth of Nations ; but it was in his first book, The Theory of Moral Sentiments, published exactly 250 years ago, that he extensively investigated the powerful role of non-profit values. While stating that "prudence" was "of all virtues that which is most helpful to the individual", Smith went on to argue that "humanity, justice, generosity, and public spirit, are the qualities most useful to others".*

What exactly is capitalism? The standard definition seems to take reliance on markets for economic transactions as a necessary qualification for an economy to be seen as capitalist. In a similar way, dependence on the profit motive, and on individual entitlements based on private ownership, are seen as archetypal features of capitalism. However, if these are necessary requirements, are the economic systems we currently have, for example, in Europe and America, genuinely capitalist? All the affluent countries in the world – those in Europe, as well as the US, Canada, Japan, Singapore, South Korea, Taiwan, Australia and others – have depended for some time on transactions that occur largely outside the markets, such as unemployment benefits, public pensions and other features of social security, and the public provision of school education and healthcare. The creditable performance of the allegedly capitalist systems in the days when there were real achievements drew on a combination of institutions that went much beyond relying only on a profit-maximising market economy.

It is often overlooked that Smith did not take the pure market mechanism to be a free-standing performer of excellence, nor did he take the profit motive to be all that is needed. Perhaps the biggest mistake lies in interpreting Smith's limited discussion of why people seek trade as an exhaustive analysis of all the behavioural norms and institutions that he thought necessary for a market economy to work well. People seek trade because of self-interest – nothing more is needed, as Smith discussed in a statement that has been quoted again and again explaining why bakers, brewers, butchers and consumers seek trade. However an economy needs other values and commitments such as mutual trust and confidence to work efficiently. For example, Smith argued: "When the people of any particular country has such confidence in the fortune, probity, and prudence of a particular banker, as to believe he is always ready to pay upon demand such of his promissory notes as are likely to be at any time presented to him; those notes come to have the same currency as gold and silver money, from the confidence that such money can at any time be had for them."

Smith explained why this kind of trust does not always exist. Even though the champions of the baker-brewer-butcher reading of Smith enshrined in many economics books may be at a loss to understand the present crisis (people still have very good reason to seek more trade, only less opportunity), the far-reaching consequences of mistrust and lack of confidence in others, which have contributed to generating this crisis and are making a recovery so very difficult, would not have puzzled him.

There were, in fact, very good reasons for mistrust and the breakdown of assurance that contributed to the crisis today. The obligations and responsibilities associated with transactions have in recent years become much harder to trace thanks to the rapid development of secondary markets involving derivatives and other financial instruments. This occurred at a time when the plentiful availability of credit, partly driven by the huge trading surpluses of some economies, most prominently China, magnified the scale of brash operations. A subprime lender who misled a borrower into taking unwise risks could pass off the financial instruments to other parties remote from the original transaction. The need for supervision and regulation has become much stronger over recent years. And yet the supervisory role of the government in the US in particular has been, over the same period, sharply curtailed, fed by an increasing belief in the self-regulatory nature of the market economy. Precisely as the need for state surveillance has grown, the provision of the needed supervision has shrunk.

This institutional vulnerability has implications not only for sharp practices, but also for a tendency towards over-speculation that, as Smith argued, tends to grip many human beings in their breathless search for profits. Smith called these promoters of excessive risk in search of profits "prodigals and projectors" – which, by the way, is quite a good description of the entrepreneurs of subprime mortgages over the recent past. The implicit faith in the wisdom of the stand-alone market economy, which is largely responsible for the removal of the established regulations in the US, tended to assume away the activities of prodigals and projectors in a way that would have shocked the pioneering exponent of the rationale of the market economy.

Despite all Smith did to explain and defend the constructive role of the market, he was deeply concerned about the incidence of poverty, illiteracy and relative deprivation that might remain despite a well-functioning market economy. He wanted institutional diversity and motivational variety, not monolithic markets and singular dominance of the profit motive. Smith was not only a defender of the role of the state in doing things that the market might fail to do, such as universal education and poverty relief (he also wanted greater freedom for the state-supported indigent than the Poor Laws of his day provided); he argued, in general, for institutional choices to fit the problems that arise rather than anchoring institutions to some fixed formula, such as leaving things to the market.

The economic difficulties of today do not, I would argue, call for some "new capitalism", but they do demand an open-minded understanding of older ideas about the reach and limits of the market economy. What is needed above all is a clear-headed appreciation of how different institutions work, along with an understanding of how a variety of organisations – from the market to the institutions of state – can together contribute to producing a more decent economic world.

The Crisis of European Democracy

by Amartya Sen

IF proof were needed of the maxim that the road to hell is paved with good intentions, the economic crisis in Europe provides it. The worthy but narrow intentions of the European Union’s policy makers have been inadequate for a sound European economy and have produced instead a world of misery, chaos and confusion. 

There are two reasons for this.

First, intentions can be respectable without being clearheaded, and the foundations of the current austerity policy, combined with the rigidities of Europe’s monetary union (in the absence of fiscal union), have hardly been a model of cogency and sagacity. Second, an intention that is fine on its own can conflict with a more urgent priority — in this case, the preservation of a democratic Europe that is concerned about societal well-being. These are values for which Europe has fought, over many decades.

Certainly, some European countries have long needed better economic accountability and more responsible economic management. However, timing is crucial; reform on a well-thought-out timetable must be distinguished from reform done in extreme haste. Greece, for all of its accountability problems, was not in an economic crisis before the global recession in 2008. (In fact, its economy grew by 4.6 percent in 2006 and 3 percent in 2007 before beginning its continuing shrinkage.)

The cause of reform, no matter how urgent, is not well served by the unilateral imposition of sudden and savage cuts in public services. Such indiscriminate cutting slashes demand — a counterproductive strategy, given huge unemployment and idle productive enterprises that have been decimated by the lack of market demand. In Greece, one of the countries left behind by productivity increases elsewhere, economic stimulation through monetary policy (currency devaluation) has been precluded by the existence of the European monetary union, while the fiscal package demanded by the Continent’s leaders is severely anti-growth. Economic output in the euro zone continued to decline in the fourth quarter of last year, and the outlook has been so grim that a recent report finding zero growth in the first quarter of this year was widely greeted as good news.

There is, in fact, plenty of historical evidence that the most effective way to cut deficits is to combine deficit reduction with rapid economic growth, which generates more revenue. The huge deficits after World War II largely disappeared with fast economic growth, and something similar happened during Bill Clinton’s presidency. The much praised reduction of the Swedish budget deficit from 1994 to 1998 occurred alongside fairly rapid growth. In contrast, European countries today are being asked to cut their deficits while remaining trapped in zero or negative economic growth.

There are surely lessons here from John Maynard Keynes, who understood that the state and the market are interdependent. But Keynes had little to say about social justice, including the political commitments with which Europe emerged after World War II. These led to the birth of the modern welfare state and national health services — not to support a market economy but to protect human well-being.

Though these social issues did not engage Keynes deeply, there is an old tradition in economics of combining efficient markets with the provision of public services that the market may not be able to deliver. As Adam Smith (often seen simplistically as the first guru of free-market economics) wrote in “The Wealth of Nations,” there are “two distinct objects” of an economy: “first, to provide a plentiful revenue or subsistence for the people, or, more properly, to enable them to provide such a revenue or subsistence for themselves; and secondly, to supply the state or commonwealth with a revenue sufficient for the public services.”

Perhaps the most troubling aspect of Europe’s current malaise is the replacement of democratic commitments by financial dictates — from leaders of the European Union and the European Central Bank, and indirectly from credit-rating agencies, whose judgments have been notoriously unsound. 
 
Participatory public discussion — the “government by discussion” expounded by democratic theorists like John Stuart Mill and Walter Bagehot — could have identified appropriate reforms over a reasonable span of time, without threatening the foundations of Europe’s system of social justice. In contrast, drastic cuts in public services with very little general discussion of their necessity, efficacy or balance have been revolting to a large section of the European population and have played into the hands of extremists on both ends of the political spectrum.

Europe cannot revive itself without addressing two areas of political legitimacy. First, Europe cannot hand itself over to the unilateral views — or good intentions — of experts without public reasoning and informed consent of its citizens. Given the transparent disdain for the public, it is no surprise that in election after election the public has shown its dissatisfaction by voting out incumbents.

Second, both democracy and the chance of creating good policy are undermined when ineffective and blatantly unjust policies are dictated by leaders. The obvious failure of the austerity mandates imposed so far has undermined not only public participation — a value in itself — but also the possibility of arriving at a sensible, and sensibly timed, solution.

This is a surely a far cry from the “united democratic Europe” that the pioneers of European unity sought.

Amartya Sen, a Nobel laureate and a professor of economics and philosophy at Harvard, is the author, most recently, of “The Idea of Justice.”