145 lines
5.9 KiB
Plaintext
145 lines
5.9 KiB
Plaintext
From fork-admin@xent.com Mon Aug 26 21:47:40 2002
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To: <johnhall@evergo.net>
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Subject: Re: The Curse of India's Socialism
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From: Ian Andrew Bell <hello@ianbell.com>
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Message-Id: <C5CA8EB6-B48C-11D6-B8E9-0030657C53EA@ianbell.com>
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List-Archive: <http://xent.com/pipermail/fork/>
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Date: Tue, 20 Aug 2002 15:01:36 -0700
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I think that this and other articles confuse Socialism with
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Bureaucracy. Libertarianism as implemented in North America is not
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exactly the shining pinnacle of economic efficiency.
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Just try starting a telephone company in the US or (even worse)
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Canada. It can take a year or more to get the blessing of our own
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"Permit Rajs" at the FCC, PUC, and PTTs (or, in the decidedly more
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socialist leaning Canada, Industry Canada and the CRTC).
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Yet, despite all of this intense regulation and paper pushing, as
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well as regulatory scrutiny by the FTC, SEC, and IRS, the
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executives of Telecom Companies have managed to bilk the investment
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community for what looks to be tens of billions of dollars. They
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finished their routine with the a quadruple lutz -- laying off
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hundreds of thousands of workers when it all came crashing down.
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So.. tell me again.. how are we better off?
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-Ian.
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On Tuesday, August 20, 2002, at 12:09 PM, John Hall wrote:
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> The Mystery of Capital: Why Capitalism Triumphs in the West and Fails
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> Everywhere Else -- by Hernando De Soto
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>
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> Is something I'm reading now.
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>
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> My impression is that France is not anywhere near the "Permit Raj"
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> nightmare that India is (and became). Nor has its market been closed
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> like India's has.
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>
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> But De Soto's work is perhaps just as important or more so. He hasn't
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> dealt specifically with India, but I recall examples from Peru,
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> Philippines, and Egypt. In Lima, his team took over a year (I think it
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> was 2) working 8 hr days to legally register a 1 person company.
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> In the
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> Philippines, getting legal title can take 20 years. In Egypt,
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> about 80%
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> of the population in Cairo lives in places where they are officially
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> illegal.
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>
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> India hasn't been helped by its socialism. Socialism has certainly
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> helped strangle the country in permits. But perhaps De Soto is right
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> that the real crippling thing is keeping most of the people out of the
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> legal, official property system.
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>
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> Putting most of the people in the property system was something
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> the west
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> only finished about 100 years ago, or Japan did 50 years ago. It
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> wasn't
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> easy, but we live in a society that doesn't even remember we did it.
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>
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>
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>> -----Original Message-----
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>> From: fork-admin@xent.com [mailto:fork-admin@xent.com] On Behalf Of
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> Robert
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>> Harley
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>> Sent: Tuesday, August 20, 2002 11:24 AM
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>> To: fork@spamassassin.taint.org
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>> Subject: Re: The Curse of India's Socialism
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>>
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>> RAH quoted:
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>>> Indians are not poor because there are too many of them; they are
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> poor
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>>> because there are too many regulations and too much government
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>> intervention
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>>> -- even today, a decade after reforms were begun. India's greatest
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>> problems
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>>> arise from a political culture guided by socialist instincts on the
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> one
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>>> hand and an imbedded legal obligation on the other hand.
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>>
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>> Nice theory and all, but s/India/France/g and the statements hold just
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>> as true, yet France is #12 in the UN's HDI ranking, not #124.
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>>
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>>
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>>> Since all parties must stand for socialism, no party espouses
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>>> classical liberalism
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>>
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>> I'm not convinced that that classical liberalism is a good solution
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>> for countries in real difficulty. See Joseph Stiglitz (Nobel for
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>> Economics) on the FMI's failed remedies. Of course googling on
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>> "Stiglitz FMI" only brings up links in Spanish and French. I guess
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>> that variety of spin is non grata in many anglo circles.
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>>
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>>
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>> R
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>> http://xent.com/mailman/listinfo/fork
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>
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> http://xent.com/mailman/listinfo/fork
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http://xent.com/mailman/listinfo/fork
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