Geopolitics

The Comforting Calculation Of Modi Playing The Gandhi Card

The Mahatma's universalism is far from Modi sectarian-nationalist approach. But it's more than just a matter of international branding for the Prime Minister.

Modi paying tribute to the Mahatma in Allahabad
Modi paying tribute to the Mahatma in Allahabad
Sidharth Bhatia

"I do not want my house to be walled in on all sides and my windows to be stuffed. I want the culture of all lands to be blown about my house as freely as possible. But I refuse to be blown off my feet by any."

— Gandhi

NEW DELHI — On the eve of Mahatma Gandhi's 150th birth anniversary this month, India's Minister of Home Affairs Amit Shah declared that no Hindu, Buddhist, Sikh or Jain refugee would be refused entry into India; earlier, chief of Hindu nationalist organization Rashtriya Swayamsevak Sangh (RSS) Mohan Bhagwat said no Hindu would be turned out of India even if his or her name were not listed in the National Register of Citizens.

The pointed exclusion of Muslims in Shah's statement is hardly surprising, since that has been the objective of his ideology and organization. What is different is that the dog-whistling of the past by such political leaders only beamed out during campaign time. Now, the second most important minister in the cabinet minces no words in saying that Muslims are unwelcome in this country.

For those who will point out the irony of Shah's remarks on Gandhi Jayanti, which commemorates a man who was committed to inclusiveness and proactively reached out to Muslims, here's a suggestion: don't waste your time. India is well beyond irony and those in power are hardly concerned with how they are perceived by liberals, "sickulars' and simply decent citizens. Indeed, Prime Minister Narendra Modi may be extra sensitive to editorials in the foreign media or the approval of international leaders, but Shah couldn't care two hoots.

Associating with Gandhi can only enhance the Modi brand.

Modi has appropriated Gandhi, even if only cherry-picking his message on cleanliness and making him the mascot of the Swachh Bharat campaign. Late last month, while on his trip to the United States, he released a Gandhi stamp and spoke about the Mahatma at the United Nations.

A photograph of Modi spinning the charkha was used in a calendar of the Khadi and Village Industries Commission in 2017 and he has laid flowers at Gandhi's statues abroad.

He may not have been particularly pleased doing this — the RSS, where he received his formative training, blamed Gandhi for Partition — but Modi knows the value of Gandhi the brand. Not only is it recognized everywhere in the country but also internationally; associating with it can only enhance the Modi brand.

This may be an extremely cynical, even hypocritical on the part of Modi, but there is another way of looking at it: the very fact that he understands the importance of appropriating Gandhi in modern India is an acknowledgement that the Mahatma is not to be wished away. That is why Modi has written an op-ed in the New York Times and RSS chief Bhagwat has written a piece for the Hindustan Times on Gandhi and his message.

Spinning the charkha — Photos: KVIC calendar / Wikimedia Commons

Modi may admire V.D. Savarkar, who was accused in Gandhi's assassination, but knows that while the Sanghis may worship him, the world remains ignorant and unimpressed by ‘Veer's' alleged achievements. No country is rushing to install a bust of Savarkar, no one is issuing stamps of Gandhi's enemies or assassins. It may yet happen in the future, as Modi's government continues its drive to eliminate great historical figures and replace them with their own heroes. But so far, it is Gandhi whom the world knows and respects.

He was assassinated all those years ago and today he is being continuously undermined and re-examined. The poltical Right in India hates him and the Left has many problems with him. African historians have pointed to his racism during his stay in South Africa. Many of his ideas are problematic — the over-romanticization of the village economy, the paternalistic view of caste and much more, but Gandhi rises above it all. If anything, he would have welcomed scrutiny of his ideas and utterances, welcoming his detractors to debate and discussion. He was not mean-minded and petty and it is this quality of his that stands out most of all in our times, when resentment and spite seem to dominate the polity.

All this points to a fundamental truth — goodness and noble deeds and ideas cannot be wished away. Flawed and problematic he may be but Gandhi still remains with us all these decades later. The world, from Martin Luther King to protestors in Hong Kong, revered him and draws inspiration from him. His brutal killing has not dented his fame and popularity, and never will. History books can be rewritten, films can be made and loose cannon leaders can be allowed to make anti-Gandhi statements which they then withdraw. In the end, the forces of darkness will dissipate, forgotten and unmourned, but Gandhi will go on forever.

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Society

Debt Trap: Why South Korean Economics Explains Squid Game

Crunching the numbers of South Korea's personal and household debt offers a glimpse into what drives the win-or-die plot of the Netflix hit produced in the Asian country.

In the Netflix series, losers of the game face death

Yip Wing Sum

-Analysis-

SEOUL — The South Korean series Squid Game has become the most viewed series on Netflix, watched by over 111 million viewers and counting. It has also generated a wave of debate online and off about its provocative message about contemporary life.

The plot follows the story of a desperate man in debt, who receives a mysterious invitation to play a game in which the contestants gamble their lives on six childhood games, with the winner awarded a prize of 45.6 billion won ($38 million)... while the losers face death.


It's a plot that many have noted is not quite as surreal as it sounds, a reflection of the reality of Korean society today mired in personal debt.

Seoul housing prices top London and New York

In the polished streets of downtown Seoul, one sees endless cards and coupons advertising loans scattered on the ground. Since the outbreak of the pandemic, as the demand for loans in South Korea has exploded, lax lending policies have led to a rapid increase in personal debt.

According to the South Korean Central Bank's "Monetary Credit Policy Report," household debt reached 105% of GDP in the first quarter of this year, equivalent to approximately $1.5 trillion at the end of March, with a major share tied up in home mortgages.

Average home loans are equivalent to 270% of annual income.

One reason behind the debts is the soaring housing prices. In Seoul, home to nearly half of the country's population, housing prices are now among the highest in the world. The price to income ratio (PIR), which weighs the average price of a home to the average annual household income, is 12.04 in Seoul, compared to 8.4 in San Francisco, 8.2 in London and 5.4 in New York.

According to the Korea Real Estate Commission, 42.1% of all home purchases in January 2021 were by young Koreans in their 20s and 30s. For those in their 30s, the average amount borrowed is equivalent to 270% of their annual income.

Playing the stock market

At the same time, the South Korean stock market is booming. The increased demand to buy stocks has led to an increase in other loans such as credit. The ratio for Korean shareholders conducting credit financing, i.e. borrowing from securities companies to secure stock holdings, had reached 21.4 trillion won ($17.7 billion), further increasing the indebtedness of households.

A 30-year-old Seoul office worker who bought stocks through various forms of borrowing was interviewed by Reuters this year, and said he was "very foolish not to take advantage of the rebound."

In addition to his 100 million won ($84,000) overdraft account, he also took out a 100 million won loan against his house in Seoul, and a 50 million won stock pledge. All of these demands on the stock market have further exacerbated the problem of household debt.

42.1% of all home purchases in January 2021 were by young Koreans in their 20s and 30s

Simon Shin/SOPA Images/ZUMA

Game of survival

In response to the accumulating financial risks, the Bank of Korea has restricted the release of loans and has announced its first interest rate hike in three years at the end of August.

But experts believe that even if banks cut loans or raise interest rates, those who need money will look for other ways to borrow, often turning to more costly institutions and mechanisms.

This all risks leading to what one can call a "debt trap," one loan piling on top of another. That brings us back to the plot of Squid Game, "Either you live or I do." South Korean society has turned into a game of survival.

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