 While Rajan's views in general align with Bhagwati's (with respect to how growth is seen as the main source of development), he has also argued for government involvement in health and education like Sen, and has pointed to the resultant threat of oligarchy or alienation of the poor.In 2019, Rajan said that, following the financial crisis of 2007–2008 and the imposition of austerity, contemporary capitalism "is under serious threat" because it has stopped providing opportunities for the many and is now facing a possible revolt from the masses.In interviews in September 2017, Rajan said the Government of India had consulted the Reserve Bank of India, during his Governorship, on the issue of demonetization but never asked to take a decision.