Indian cricket’s Minsky moment…

Just so much happening in Indian cricket against all odds. They were winning so much with all kinds of amazing camaraderie stories/photos reported by media. Who would have imagined that there would be simmering tension between coach and captain? We all thought that Indian cricket was onto professional ways after a committee was appointed to look into affairs. And how all these have come crumbling down?

I can’t help but connect all this fallout with Minsky moment. Minsky said the chances of a financial crisis are highest when all things are going fine and the cycle is on an upswing. Thus both Great Depression and 2008 crisis came when all things were going fine just a while ago. Not many anticipated a crisis and those that did not anticipate the depth.

We have a near similar Minsky moment in cricket as well. Just unbelievable to see how the house of cards is just collapsing. Ram Guha’s outgoing letter has opened a can of worms with no holes barred. Here are 8 takeaways from the letter.

In case you think, India is the only one. Australia had its Minsky moment a while ago and has still not recovered.

Plenty happening.

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