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Re: The UPA’s split personality


The UPA’s split personality

http://www.indianexpress.com/news/the-upas-split-personality/721805/0
Fantastic and incisive article!
The case does not only apply to 'Big' business.
Even startups that attempt to legitimately create value, run into the legal and bureaucratic maze created by the state.
On the other hand, in a capitalist system, if a process/idea proves that money can be made, then it will get made. Either by the originator, or by the copy cat.
Also if there are enough parties aggrieved at losing money due to illogical/crony C policies of the state (ultimately represented by individuals responding to incentives), they then will provide the incentive necessary to correct the imbalance.
South Korean history is a very good indicator.
The only solution to 'scams' is to bring in more and more competition.
The state does need to keep the moral balance to protect causes without an immediate monetary incentive, like the Environment. Let us hope such policing is always logical and not dogmatic which is what sometimes Mr. Jairam Ramesh is tending to be.

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