Cockroaches 1, Modi 0: India’s remarkable protests
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Why did India’s education minister resign after youth protests?
The Economist. Hello and welcome to the intelligence from The Economist. I'm Jason Palmer.
Today on the show why so-called macro trading is hard both for man and machine, and the mystery street artist taking over cities.
But first
Government ministers come and go all the time, all over the world. But in India the resignation of Dharmendra Pradhan, the Education Minister over the weekend was seismic. It was driven by growing youth protests, and the youth were ecstatic. A mild mannered movement that started as a jokey meme has become very, very serious for India's leader.
We've had twelve years of Prime Minister Narendra Modi's rule, and in those twelve years we have never before seen a cabinet minister resign due to public pressure.
Kira Huyu is our Asia correspondent and has been reporting from the protests in Delhi.
I had not been expecting this resignation. Frankly, I don't think that all of the cockroaches were expecting the resignation, and now it goes far beyond that. This I think is the beginning of a new culture of dissent and accountability in India.
Now, at the mention of cockroaches, they have been talked about on the show before, but let's do a little reminder who are they?
So back in May, India's Chief Justice seemed to compare India's jobless youth to cockroaches. A tweet appeared on the social media platform X that just said, What if all cockroaches came together? And that was a tweet by a guy called Abhijit Dipke, who at the time was a student in Boston. And that single tweet basically morphed into a satirical online meme that then became became this huge youth movement that seems to have struck a nerve. So you went from mostly quite amusing Instagram content. Last time I checked a couple of minutes ago, they currently have twenty seven million followers, lots of AI images of fist raising cockroaches set to Hindi rap. But underneath all of this, there's actually a much more serious message.
Go on.
So there is this all India exam called NEAT, which you have to do if you want to get into medical school in India. And there was a leak which really upended the dreams of more than two million exam takers. And so there's a lot of corruption. That leak has since then been linked to more than 20 suicides among students trying to take that test. And so now you have this perfect storm where India has this insanely competitive exam culture. It's very hard to get into some of the
How did the Cockroach Janta Party grow from a meme to a political force?
a few good quality colleges. And then if you do get into those colleges, despite all these scams, there's very few jobs at the end of that line. And now you have India's Chief Justice telling you, You're a cockroach.
So that's how the movement got so much force behind it, but how have we got to this quite excited stage now with the resignation and so on?
So earlier this month, on the eighteenth of July, you had plainclothes cops arrive at the protest site in Delhi, throw white sheets over this veteran activist called Sonom Bangchuk, and then ferry his frail body against his will to a government hospital. And from there he continued to record videos in support of the protests. Sonamji, as he is known, was on day twenty one of his hunger strike in support of this idea that the minister needed to resign. And if you talk to the protesters, they talk about this as a kidnapping. Tens of thousands, maybe hundreds of thousands, staged Delhi's biggest protest in more than half a decade. I described these protests as originally very peaceful, very patriotic.
Students were clutching copies of the constitution. There was someone who was dressed up as Gandhi holding a sign that said world peace. All of this was because the BJB Narendra Modi's party has a habit of branding all of its critics as anti-national. And so the protesters really went out of their way to show that if anything They are here to do their patriotic duty to defend the future of the country. Now, unfortunately, less than three hours after I first saw Gandhi holding a sign saying world peace, riot police without name tags started beating up protesters with sticks and firing tear gas at them.
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Chapters
8 chapters
1
Why did India’s education minister resign after youth protests?
0:03–3:04
2
How did the Cockroach Janta Party grow from a meme to a political force?
3:04–5:52
3
What sparked the massive Delhi protest and how did the police respond?
5:52–7:59
4
Why are macro‑trading predictions so hard even with tomorrow’s news?
7:59–10:48
5
What did the Elmwealth experiment reveal about human and AI market forecasts?
10:48–13:39
6
How did expert macro traders succeed where amateurs failed?
13:39–15:52
7
Who is the mysterious street artist ‘Invader’ and why are his mosaics viral?
15:52–18:00
8
What does the rise of Gen‑Z protests and street‑art games mean for India’s future?
18:00–22:17