Going to Hell in a Hand Basket
Everywhere I turn,
That’s why I retreat to my place in
For the past 28 years, I have been intimately involved in the public affairs of our great country. I thought we could do things differently. Certainly, since I came here from the
Growing up in the primeval
I was back in
Even today, there are vocal and powerful opponents of reform. The BJP stance is puerile politics. The Left is a dupe of the mandarins in
With such formidable opposition, the government’s initiatives have been stymied except in the most esoteric areas of capital markets. The Indo-US civilian nuclear deal could have major benefits aside from the obvious ones that will bring
The government’s botched effort at handling growth indicates the old mindsets still rule. So if there’s inflation: too much money chasing too few goods, the Congress poobahs would rather opt for the failed solution of demand management when the obvious thing to do is to remove obstacles to the production of more goods and jobs.
But no! We can’t have retail bloom; we will curtail growth in telecoms by all manner of stupidity; we will shackle financial services; we will not remove the barriers to real estate growth and continue to sabotage the crucial education system with rules and regulations set out by the corrupt and inept All India Council on Technical Education (AICTE). We seem to be going back to the starved sixties in a leaky boat whose officers and crew have no clue how to navigate in the changed economic circumstances.
So now we have choice between the devil: the loud, crass nouveau riche
At the rate things are going, the nexus of politicians, bureaucrats, activists and fixers will have our country on its knees again, hunting for nuts and berries on the margins of the global mainstream.copyright rajiv desai 2008