Hayek Order
Monday, January 10, 2011
Singh vs Singh
Only massive private investment can bring the schools, hospitals and basic living standards that India’s poorest citizens desperately need. For more than sixty years, taxpayers’ money has been poured into government schemes that have served mostly to make some officials very rich. So when a major private investment is delayed or cancelled on flimsy grounds, it is an act of extreme irresponsibility. It is India’s misfortune that this kind of arbitrary action is becoming the leitmotif of Dr Manmohan Singh’s government. As an economist, he knows the irreparable damage being caused. Why does he not stop it?
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