The question that needs to be asked concerns the relative importance of social and political influences that generated greater support than opposition against demonetisation. Given the failure of the initial drive against black money, the goalpost was changed from curbing black money to cashless economy to digital transactions, all this to justify the move which had caused so much disruption. Third, to strengthen his position, the Prime Minister has repeatedly offered the trope of nationalism so that anyone opposing demonetisation is denounced as corrupt and anti-national. ‘Only black money hoarders are opposing demonetisation’ was one unvarying refrain of the ruling dispensation. The Prime Minister has repeatedly offered the trope of nationalism so that anyone opposing demonetisation is denounced as corrupt and anti-national

Source: The Hindu January 28, 2017 00:45 UTC