Tag: free markets

  • The unkindest cut

    The loan write-off is designed to keep farmers where they are: on small land-holdings, where often their only source of regular income is labour at the farm of a bigger farmer with a larger land-holding. In the name of supporting "sustainable livelihoods" on a small scale, activists, leftists, and certain NGOs glorify the small farmer, insisting that his life must not be changed, and large corporations be kept out. How inhuman that solution can get.     Podcast launched! Listen to Pragati

  • Waiver of mass debt

    Iraq was attacked by the United States and Britain on the basis of a fictional threat—WMD, or weapons of mass destruction. We have seen the results of that lie, with shock and awe. India's WMD is less costly—Rs 600 billion, or only $15 billion—but is based on similar half-baked analysis of half-truths, and well designed to benefit those behind it—in our case ‘Pawar-ful’ large commercial farmers.