A person writes in today’s ET that "Government has its own trust dilemma and resorts to red tape as an insurance policy, knowing fully well that this is not a medicine which cures."
And to be precise, as I agree with Kaushik Das who says the “wealth generation or development is not a state subject; rather, it is clearly a market subject. Put simply, development requires private saving, private investment and entrepreneurs working under the forces of free market competition—not under the umbrella of a big welfare state.”
But it is stupid to argue that the “Education is an area of market failure, besides providing education especially school education is among the core duties of the state,”
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