India in Obama’s new Asia pivot

President Barack Obama’s second term is likely to put the US on a somewhat different ideological path, relative to the 20th century American capitalism one is so familiar with. If Obama’s mandate is any guide, America is about to move to a softer, more socialised capitalist framework in which the people’s welfare will be at the centre of policymaking. In a sense, America may be heading the European way in terms of pursuing social market policy, like Germany has done over the past many decades.

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