I suppose some sort of short term measures were required. It is in line with what some other countries have already done.
But in the medium and long term, any time regulations are imposed, there will be lots of people out to make a quick buck.
Market economy works best when it is left alone to do its thing, with a little bit of tweaking to ensure that the rich nations do not take the poor for a ride.
On the other hand, unnecessary interference for any reason leads to trouble. A classic example is our Gandhian prohibition policy. A lot of bootleggers made serious money in those days.
How can we make growing food more interesting for the farmers? That is the key question.
RE:Regulations will lead to more problems
by subish achamparambil on Apr 01, 2008 09:23 AM Permalink
Mr: ABK... Just for the matter of commenting please dont comment!!
By the same Logic Bear Stearns and other struggling US financial institution should have been left alone instead of US fed bailing them out. Had the same thing happened in India or in other emerging economies, India would have got lecture from western nations that how let the bad banks fail is good thing in the long run.
