‘The tirade against capitalism is wholly unfounded. Capitalism as it has shaped during the past quarter of a century is a far better method of developing the economic resources of any country,’ wrote DN Hosali in 1956.
‘Nationalisation of the Imperial Bank and recently nationalisation of life insurance have dealt further blows to Private Enterprise and made capital more and more shy', wrote AD Shroff in his 1956 essay.
Political authority and economic power are now concentrated in the hands of ministers and bureaucracy. Democracy is bound to degenerate into dictatorship, wrote MA Master in August 1960.
‘A British economist has said that to try to stop prices by controls is like a lady going to a surgeon to remove her double chin—the thing comes out at the back of her neck in a bump,' wrote Minoo Masani in November 1966.
‘There is no such thing as free education. Money paid to teachers comes ultimately from people, as taxes if not as tuition fees,' wrote Professor Om Prakash Kahol on 1 January 1959.
The underlying issue is that there hasn’t been enough of a structural change in the economy since the launch of reforms in 1990-91, despite per capita incomes multiplying nearly five-fold.
As Visakhapatnam readies a mega airport, the Andhra Pradesh government has revived its shelved Dagadarthi project, aiming to boost cargo and connectivity on the south coast.
Both the Russian and Ukrainian militaries are leaning on drones, but they’re also firing cruise and ballistic missiles, some of them relatively new and experimental.
UK, EFTA already in the bag and EU on the way, many members of RCEP except China signed up, and even restrictions on China being lifted, India has changed its mind on trade.
Agree – Indias socialism is resposnible in great measure to teh nations being decades behind countries in teh region including Chine, not just in per capita GDP, but in QUALITY of LIFE measures, Its trajectory is sadly not fully corrected ane teh bureaucracy has dragged its feet and divesting areas it really has no business to be in. I mean even owning hotels & fuel stations is just crazy.
Agree – Indias socialism is resposnible in great measure to teh nations being decades behind countries in teh region including Chine, not just in per capita GDP, but in QUALITY of LIFE measures, Its trajectory is sadly not fully corrected ane teh bureaucracy has dragged its feet and divesting areas it really has no business to be in. I mean even owning hotels & fuel stations is just crazy.
Long live DN Hosali and free-market capatalism. Death to socialism, socialists, and all third-rate politicians.