The Third Pillar: Are Communities Being Left Behind?

Global Affairs Live

06-03-2019 • 59 mins

We're doing it wrong. As government and the market economy, two highly debated and complex pillars of our society, become more sophisticated and powerful, the core of society, the community, the third pillar, is being lost. When the gap between communities and the political and economic elite grows too wide, it has manifested itself in violence and populism. With communities left out of the equation, Raghuram Rajan suggests that we are "doing it wrong." In an era of globalization and digital connectivity, what does a healthy third pillar look like? Will a shift to strengthening and empowering local communities be the answer to growing economic disparity and political unrest?

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