First and far most it is mockery to argue like the one in below, isn’t it? We all know that the liberalization is good for everyone provided the “increasing transparency” but that did not happen for hell reasons. And now the socialists pundits takes advantages to make themselves insult first and then the people of this country and the whole idea of liberals.
- “It is to be expected that such instances would increase under liberalisation since the state increasingly dilutes or gives up its role as an agent influencing and regulating the nature and scale of private activity to take on that of being a facilitator of private investment. In fact, the very process of transition to a more “liberal” regime is fraught with potential instances of corruption, as the allegations of under-pricing of public assets in the process of disinvestment of public enterprises illustrates. The process of decontrol and deregulation is also accompanied by efforts at promotion of private investment, involving public-private partnerships and help to the private sector to acquire land and material and financial resources. As a result, besides the old type of corruption where state functionaries demand a price for favouring individual firms with purchase orders or permissions and exemptions, there is a new form in which those benefiting from state support could be called upon to share the transfers they receive with the decision makers involved.
- Advocates of liberalisation have argued that by reducing state intervention and increasing transparency economic reform would reduce corruption. The allegations of large scale corruption suggest that this is not true. Liberalisation does not mean that the state withdraws from intervention but merely that there is a change in the form of state intervention, which also enables the state to deliver illegitimate gains to individuals and private players.”
(FromCorruption in the neoliberal era by C. P. Chandrasekhar).
If any one who has studied the social and economic satiations during the first forty years would know that we are far better then now. Though, it is surprise since the above piece is from JNU Professor!!