New Delhi, March 29 -- The dominant progressive argument in India calls for dismantling of caste through radical redistribution by means of land reforms, state intervention or revolutionary social restructuring. The argument is that ­the entrenched inequality of India's caste system must be annihilated through political and economic levelling.

However, this framework misses a counter-intuitive argument. What if the faster path to annihilating caste is through capital?

A growing body of thought suggests that markets, entrepreneurship and access to capital can dissolve social hierarchies more effectively than centralized redistribution.

Caste as a system of power asymmetry: A helpful framework for understanding the system's multi-no...