Wednesday, April 17, 2013

"The bloated and suffocating socialist model"

Interesting book review:
  • "Joseph Stiglitz, Belgian-born Jean Drèze and Harvard's Amartya Sen, for being "intellectually lazy and unwilling to learn from the ruin they had visited on India and its poor."
  • "Between 1965 and 1975, per capita income in India rose by a minuscule 0.3% annually. If you were to draw up a list of post-colonial leaders responsible for economic crimes against their people, Indira Gandhi's name would figure near the top. By one Cato Institute estimate, India would have had 175 million fewer poor people by 2008 had it embarked upon reforms in 1971 instead of 1991."

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