Last week India's little Communist Party saw a chance to move its country toward the frustration and chaos the Reds have helped to create in much of postwar Asia. The Indian government acted faster than the Reds and thwarted them—for the present.
Two years ago, before anyone foresaw the heights inflation would reach, the government signed a contract with the All India Railwaymen's Federation. It included a cost-of-living allowance pegged to rising prices. The government argued later that it could not keep the contract without contributing to the disastrous price spiral. The railway federation, dominated by Jai Prakash Narain's Socialist Party,...
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