The dark lord says:
The typical arguments are made by the right too. If the economy is going good “see, the deregulation has brought about unprecedented wealth. How can you propose more regulation?”
When the economy goes bad, we get the answer “see, the crisis is brought about due to regulation in the housing mortgage market. How [...]
As Ajay Shah points out, we don’t just regulate our financial system, we micro-manage it. When things are going well in the US, and we make the case for deregulation, we get the answer: “See, even in the US, we don’t have a completely free market system. Even they have regulations. How can you propose [...]
Rishi wants to know how I can claim that the Presidential System underdelivers change, and Ritwik angrily objects to my claim that in the Parliamentary System, the Prime Minister can handpick legislators. Both of them have missed an important qualifier: popular.
Change is rare in any mature democracy. This is as it should be. Obviously, I [...]
Five years ago, the Economist was cheering not only the invasion of Afghanistan, but also that of Iraq. Now, when it comes to India’s response to the Mumbai terror attacks, the Economist has declared that we should not emulate the US “mistakes” like… the invasion of Afghanistan. Worse still, now it turns out that the US [...]
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