Look who's talking; Crony Capitalists in India advocate fiscal prudence

Indian industrialists opining on the idiot box think badly managed subsidies mean the 'undeserving' middle class in India garner the Lion's share of cost savings.

Really? You mean the only 'legitimate' value creating class in India needs no payback from the taxes they paid government? That all those lowered prices and cheap goods must go to the mooching class the political establishment fosters for votes? I guess you also mean crony capitalists who reap the benefits of cronyism should be allowed to continue with their moolah-making run sans any competition from global players.

Fat chance.

Bring in free market competition first. We'll then talk fiscal prudence and subsidies.


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