Well said! Venkatesh hits at Aiyar's arguments spot-on by pointing out that bad governance, which led to the failure of socialism in India, would also be the reason for the downfall of market-reforms.
As citizens, each of us has to ensure that governance improves(through usage of empowering tools such as the RTI act), rather than be emotionally led towards different economic models.
RE:governance is all
by yogananda narasimham ayyadevara on May 11, 2007 08:13 AM Permalink
The assumption that there are only two economic models to follow is itself wrong. with so many economists around, what stopped us from coming up with our model of economic growth to benefit the majority? while some european countries have success fully developed their own welfare programmes, why American hangover for us? Lack of transperancy and accountability at all levels in addition to corruption made progress a mockery. A few cell phones and cars are not development.
