India needs less government, not more
The lifting of millions of Indians out of poverty after the country’s economic reforms in 1991 should have delivered a decisive blow to those who argue that capitalism exploits the poor. Thanks to deregulation, there has been a significant rise in India’s standard of living during the past 15 years. Unfortunately, the same arguments against the free-market persist. Yet the problem is government, not the market.
If governments faced the same discipline that private corporations face, the next election would result in all of India’s politicians being voted out. In spite of grandiose promises, hardly anyone doubts that India continues to remain near the top of the world in corruption and inefficiency. The sad reality is that India has fallen behind the East Asian nations. The subcontinent holds the dubious distinction of having the world’s largest number of poor people, despite the crores of rupees spent to “stimulate” development.
Federal Budget Live Commentary On Menzies House
If you will allow me to engage in a little bit of shameless self-promotion for Menzies House, we’re going to be doing a live-chat covering the Federal Budget speech with a”panel (John Humphreys, Dr. Joseph Clark, Sen. Bernardi, ALSF President Alex Butterworth & myself) providing commentary in the chat interface, but everyone can submit comments or questions. You’ll also be able to watch the video feed direct from the Menzies House site.
I would strongly encourage everyone planning to watch the budget to check it out! Click here for more information.
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