Liberty & the Marketplace
India it seems is the most over-regulated country in the world. This despite the much touted 'liberalization' program that started more than a decade ago.
Imagine that.
In simple words that means bureaucracy can drown you with paperwork. Bad news to those trying to do business. Good news to those who've been around for years, and know how to fix the system. Remember the lousy products and services we were saddled with pre-liberalization? Remember the nightmare we experienced as consumers? I wonder what the business schools of those times taught?
The consumer nightmare has surely gotten better. Though its nowhere near what it must be! The answer to better consumer life in India? Kill government regulation and usher in free markets!
I know, easier said than done.
Imagine that.
In simple words that means bureaucracy can drown you with paperwork. Bad news to those trying to do business. Good news to those who've been around for years, and know how to fix the system. Remember the lousy products and services we were saddled with pre-liberalization? Remember the nightmare we experienced as consumers? I wonder what the business schools of those times taught?
The consumer nightmare has surely gotten better. Though its nowhere near what it must be! The answer to better consumer life in India? Kill government regulation and usher in free markets!
I know, easier said than done.
Comments