Bhu Srinivasan

“Modern capitalism seemed to favor giant entities, which could coordinate activities through standardized policies and central planning, achieve economies of scale, borrow more cheaply and access the large capital markets, and insulate themselves from the volatility of the business cycle. In spirit, free enterprise was akin to other democratic freedoms, but in practice over time, the function of the individual practitioner was often superseded and replaced by the large institution.”
― Bhu Srinivasan, Americana: A 400-Year History of American Capitalism

“In India, despite two college-educated parents, the sorts of goods that even poor Americans of the early ’80s took for granted—the telephone, television, even refrigeration—had eluded us. An automobile, nearly as common to American adults as social security numbers, was unthinkable for us. In 1982,”
― Bhu Srinivasan, Americana: A 400-Year History of American Capitalism