2/14/2023 0 Comments Capitalism ii what do airports do![]() SR: So, Editor ji thinks debate over socialism vs Capitalism in the Nehruvian era, was not a debate about economic policies, but about debate over “religious and caste identities.” After decades of fighting over personalities or rival ideologies built on religious and caste identities, India is stepping into an era of clear debate on economic policies. ![]() SG: This budget session of Parliament signals a new turn in our national politics. ![]() So, let us examine one such ‘expert comment’ written by Shekhar Gupta in The Business Standard and see how the arguments stack up. Promoting “Hum Do, Humare Do” is just that - promoting two cronies not Capitalism, not even private sector. Capitalism requires level playing fields, competitive markets, independent regulators who ensure fair play, and lots competition among players. If Modi is not about identity politics in the last 3 decades of his public life, who is? ![]() Politics over “religious and caste identities”, ushered in by BJP over last 30 years, suddenly stands transformed into debate over economics, via one budget speech by N Sitharaman and Modi. Commentators have gone hyperbolic over one budget speech to sweep away the miasma of failed economic policies and horrendous disasters to hail the dawn of a new era.
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