Statism, socialism continue to mar economic policy

That the Narendra Modi government earnestly desires high growth is indisputable. This is in sharp contrast with the attitude of the previous regime, which was following mutually exclusive policies: formulating schemes for the “redistribution” of wealth, while doing everything to ensure wealth destruction and fiscal ruin—distributing wealth even when there was none. This was not surprising because it was guided by all manner of Lefties. Tragically, however, the current regime’s economic policy is also not without similar blind spots—statism and socialism.

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