Single Best Idea with Tom Keene: Raghuram Rajan
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 4 June 2024
⏱️ 6 minutes
🧾️ Download transcript
Summary
Tom Keene breaks down the Single Best Idea from the latest edition of Bloomberg Surveillance Radio.
In this episode, we feature conversations with Raghuram Rajan.
Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF
See omnystudio.com/listener for privacy information.
Transcript
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| 0:00.0 | Bloomberg Audio Studios. |
| 0:04.2 | Podcasts, Radio News. |
| 0:07.0 | It is single best idea in a special edition of single best idea I'll be honest folks |
| 0:18.5 | we're making it up as we go lengthy meetings I mean the meetings they go forever, four minutes, three minutes, seven minutes. |
| 0:26.6 | What are we going to do on single best idea? |
| 0:28.4 | We are making it up as we go. |
| 0:30.6 | And today we have a special edition where we focus on one treasured guest and he really delivered. |
| 0:36.5 | He is Raghran Rajan of the Booth School Chicago. |
| 0:39.9 | His book, Fault Lines, is one of the few books of the great financial crisis that has endured. |
| 0:46.4 | He is one of our great thinkers on community, and he has a new book coming out on his India. he's a former head of the Central Bank of India, |
| 0:55.2 | a new book coming out, breaking the mold, which is a primal scream towards a new India. |
| 1:01.8 | And just as a, and I'm speaking as a complete amateur thank you to Lord |
| 1:05.2 | Desai at the London School of Economics for schooling me but basically there's |
| 1:09.4 | North India which is Modi, emotional, conservative, political, religious, and yes, all the same |
| 1:19.1 | in South India over to Sri Lanka Ceylon, except that's where the technocratic elites are and think of Sancha Nadella coming out of Microsoft on there. |
| 1:29.0 | So we had a wonderful conversation which we devote entirely to today with |
| 1:34.1 | Roggen of the Booth School of Chicago. Here is the professor on the election, the |
| 1:41.0 | stunning results so far, tempering a Modi certitude. |
| 1:45.0 | I think it's a splendid result because it tells the government it needs to change |
| 1:50.9 | course. The old course was unviable, but I think what is happening today |
| 1:56.2 | is really in the long run really good for India because it forces India to choose a different course from the one it has been on, a course which has led to much |
| 2:07.0 | wider unemployment and distress than needed in the country. It's actually a win for democracy, and that's good for India, |
... |
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