Tuesday, March 27, 2012

‘too many cooks spoil the broth’

BJP leader Jaswant Singh questions the ruling congress governments folly economic policies. It is worth taking note the below paragraphs:

  • Is it a reversion to command economy? Is it that you are reasserting the need for a socialist economy? Are you placing the public sector banks back on the commanding heights of the economy? I am unable to discern that central purpose — not because I am deficient in understanding, but because I do hold that this very important document, which comes only once a year and is a statement of the fiscal policy of the government, is deficient in conveying what has happened and why has this happened.

  • personally feel there are far too many economists in this government. I believe that there are more economists infesting this government than any other government. Despite all these economists, all this is happening, raising a very serious question. You are surely familiar with the saying ‘too many cooks spoil the broth’. But, these ‘too many cooks’ are not simply ‘spoiling the broth’, Mr Finance Minister, they actually do not let the broth to be cooked. That is why, we suffer this deficiency. 
This gentleman rightly point out that the:
  • It is understandable that this government is following its socialist tendencies on spending, masked in the guise of 'coalition politics'. By not passing on actual prices into the economy - whether in power, oil and gas, coal (all energy), fertilisers, railways, etc -it is increasing the disequilibrium of this economy. 

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