December 04, 2018

Sops as Solutions, the Road to Serfdom

Visiting Senior Fellow, Shankkar Aiyar, writes in The New Indian Express, arguing that the parade of sops is an invitation to political serfdom. Excerpts: 

 

"The history of political economies reveals that there is only so much that sops can achieve in the absence of a road map of solutions. As the cliché goes, there is no such thing as a temporary government scheme. Spend on subsidies has gone up from Rs 1.29 lakh crore to Rs 2.29 lakh crore, gross borrowings have shot up from Rs 2.33 lakh crore to Rs 6 lakh crore, interest paid on borrowings has shot up from Rs 1.92 lakh crore to Rs 5.30 lakh crore in the last ten years.

 

Politics may be about the survival of the fittest, but democracy demands that political parties design programmes for the revival of the weakest. So the argument is not against entitlement but for empowerment..."

 

Read the whole article here.

Topic : State Capacity / In : OP-EDS
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