
366 | Chapter 13
the economy. Therefore, it has been suggested that black economy is truly a
‘private’ capital without any state control.
The South Asian states, whether democracies or tyrannies, have had to make
large populist concessions to the poor and marginalised, who live within their
national boundaries. The specific form of that populism has varied greatly, but some
form of populism has been invariant in all our countries. On the other hand, again
despite a great variation, the ruling classes have been, as ruling classes often are,
loathe to give up their power, position, and share of national wealth.
Corruption, or the siphoning o of ...