Raghvendra, who was present at the Bangalore event (below) sent in this link. I actually agree with 95 per cent of what Bhushan is saying. His description of crony capitalism prevailing in India is spot on. So that's a good start: that both I and he AGREE that the loot of the country has increased […]
Category: Economics
Who are the Classical liberals in India and where are they hiding?
Aaryan Rao of FTI asked this question. Here's my response. Also a diagram to illustrate: Aaryan, the problem is that a) Till 1947 India's elite (very few of them anyway) focused on independence b) When independence came, most of these "big name" people were very old and started dying or were shot dead […]
Gurcharan Das’s case for a liberal party in India, and how the Freedom Team is working to deliver it
A few weeks ago I wrote about Gurcharan Das’s book, India Grows at Night: A Liberal Case for a Strong State. While waiting for my hard copy to arrive from Gurgaon (that can take a few more months – through someone who may come from India), Gurcharan yesterday indicated that the book is available on Kindle. […]
Blog readers in Delhi: Please mark this lecture on Chanakya in your diaries
There is perhaps no greater expert on Chanakya's economic ideas than Balbir Sihag. Prof. Sihag is happy to have young people attend the lecture. […]
India must not try to copy China
India seems to be trying to copy China's authoritarian free market. That simply can't be done, as Gurcharan Das explained in his book, India Grows at Night. Here's good advice from John Lee in today's Australian. ===EXTRACT=== Like China, India has an economy that is too big to ignore. But there is no such thing […]
Most people in the West cheat when possible. Yet Western bureaucracies are honest. How?
It is the failure of basic economics education in India that makes it suffer so badly. Most Indians believe that there is something wrong with the fundamental Indian character. They are wrong. The Indian is no more nor any less susceptible to opportunism as any other human being in this world. […]
The “Do something” disease
The most detestable doctors are those who feel they must "do something" for their patient, even without understanding what's the problem. Unfortunately, the VAST MAJORITY of doctors have this disease They've caused me not only endless grief (and pain), but charged me an arm and leg for that privilege.[…]
Why do “intellectuals” oppose capitalism? Find out why.
Robert Nozick wrote this essay "Why Do Intellectuals Oppose Capitalism?" in 1986 (in The Future of Private Enterprise, ed. Craig Aronoff et al. (Georgia State University Business Press). It would have been hilarious – as satire – were it not for the fact that it is actually true. In India the GREATEST opposition to capitalism […]