A version of my piece below was first published onOctober 5, 2005, in the Asian Wall Street Journal (subscription link). It was also posted on India Uncut and the Indian Economy Blog
Imagine this scenario: someone kidnaps a child and, for decades, maims and exploits him. Then, in a sudden revelation, we learn that the kidnapper was once under the pay of a branch of the mafia that is now defunct. There is instant outrage, and everyone condemns the crime. “How could you have taken money from the mafia?” they ask.
Read more...
Posted by Amit Varma on 15 February, 2007 in
Economics |
Essays and Op-Eds |
Freedom |
India |
Politics |
WSJ Pieces
A version of my piece below was first published on September 15, 2005 in the Asian Wall Street Journal (subscription link). It was also posted on India Uncut and the Indian Economy Blog.
The road to hell is paved with good intentions—and nobody knows that better than India’s poor. There can be no better intention than removing poverty but, for more than half a century, a well-intentioned and bloated state has only perpetuated it with misguided policies and regulations. And New Delhi still hasn’t learned from these mistakes. The Indian government is soon to embark on perhaps the grandest waste of taxpayers’ money yet: the Rural Employment Guarantee Bill.
Read more...
Posted by Amit Varma on 15 February, 2007 in
Economics |
Essays and Op-Eds |
India |
WSJ Pieces
The piece below by me was published on June 16, 2005 as an Op-Ed in the Asian Wall Street Journal, titled ”India’s Far From Free Markets” (subscription link). It was also posted on India Uncut.
Indian Prime Minister Manmohan Singh is due to visit Washington in a few weeks, and editorialists and commentators have already started writing about the emerging economic power of India. New Delhi’s decision to start liberalizing its economy in 1991 is touted as a seminal event in India’s history, the moment when it threw off the shackles of Fabian socialism and embraced free markets. It is the stuff of myth--and to a large extent, it is exactly that.
Read more...
Posted by Amit Varma on 15 February, 2007 in
Economics |
Essays and Op-Eds |
India |
Politics |
WSJ Pieces