Comment by Gangway0829
20 days ago
I am aware. The initial privatization push was initiated by Congress in 1991! My lament is that privatization has remained anemic, even under the so-called right wing BJP.
But you should also acknowledge that national electrical reform was done by BJP. The real problem for Indian politics was the re-entry of the Gandhi nepo-baby dynasty. We would be a lot better off if they hadn't gotten their claws back into the INC.
Privatization doesn't fix shit. Competition does. A private monopoly is just as bad as the government.
Arguably it’s worse.
It's not surprising. For one, stated vs actual goals always differ and someone needs pockets to reach into. For the other, plenty of countries that listened to orgs like the World Bank saying "privatise everything immediately and reap the benefits!" just ended up handing the assets to cronies. Examples like Russia are of course well-known, but it's obviously happening under BJP in India as well.
It's once again lamentable, but somewhat predictable that even on a post about how privatization fixed, in five years, a problem that persisted for 50, you insist on spreading boogeyman tales about privatization. The Indian government is what American libertarians are afraid of, and in their defense, they should be afraid.
Boogeyman? Is the outcome of the World Bank's insistence on "structural adjustments" somehow in debate now?
I was in Delhi when this started and they began laying out the tamper-proof cable back in the early 2000s. At that time, railway food had been privatised, perhaps you recall. It wasn't better. The problem was not the privatisation or lack thereof, it was the complete lack of accountability.
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> you insist on spreading boogeyman tales about privatization
Dude, you're the one coming across as a zealot here.