Quote:
Originally Posted by Shek
Freer markets have demonstrated time and time again that they can provide, although the timing of transition is critical, and this oped doesn't call for draconian timing. You can look to the beginnings of Chinese capitalism through agriculture and the nearly spontaneous abandonment of communal farming.
|
Sir Shek, the problem is not that free market can provide, but rather the price at which it provides. In a free market the price of essentials would adjust to meet demand. This would price out all of India's urban poor at once. Nothing inflames a mob more than seeing the upper middle class and rich with full bellies while they starve. The government of India simply cannot accept such a risk so they have to control prices.