I am not an admirer of Ayn Rand, the high priestess of unrestrained individualism and laissez faire economics (Alan Greenspan was a chela). But I am tempted to quote her on our neta-babu raj. “When you know that in order to produce, you need to obtain permission from men who produce nothing, when you see that money is flowing to those who deal not in goods but in favours, when you see that men get rich more easily by graft rather than by work, and your laws no longer protect you against them but protect them against you, you know that your society is doomed.” What could be the tipping point for a crisis? BoP? Fisc? Inflation? Infrastructure?
Full piece here by Rajwade.
Well, its been that sort of a day, where i just want to crib. anyway, you cant blame me, its been so bad back home for the last 4-5 years!I hope it ends!
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