ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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International Lending-A Life of Its Own

bureaucracy that political parties and politicians are proving incapable of working the political system satisfactorily by themselves. The political parties should read the message carefully. Even the Congress (I) would do well to do so, however confident it may feel for the moment of being able to bend the bureaucracy, including the Election Commission, to its International Lending A Life of Its Own THE phenomenon of debtors having to get deeper into debt in order to meet the commitments on old loans is a much studied feature of the semi- feudal agricultures of the Third World. In their style and sophistication, international commercial banks may seem far removed from traditional village moneylenders, but in their pursuit of usury and in the consequences of this for their borrowers the two apparently have a great deal in common.

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