The Third Pillar: How Markets and the State Leave the Community Behind

by Raghuram G. Rajan

Finally, the historical excursions in this book suggest hope. Our values are not static – they change. Dr. Martin Luther King Jr. said, ‘The arc of the moral universe is long but it bends towards justice.’ When seen over short stretches, it seems that history repeats, that racism and militant nationalism erupt periodically in the world to sow hatred and spawn conflict. Yet the society that experiences these movements is not the same, it trends toward being more tolerant, more respectful, and more just. Around that trend line, we do go up and down. We may be down today, and we have a long way to go, but the distance we have come should give us hope. Let us not let the future surprise us. Instead, let us shape it. There is much to do. We have to, we must, choose wisely if we want to live together well and in peace. I am confident we can.

Lets hope to keep hoping