VikramS wrote:I just glance through the posts but it seems the latest justification being peddled is that the India's growth story will suffer if there is unrest within India.
Yes, absolutely - its tautological, isnt it?
The argument isnt that corruption should be "hushed up" in the pretext of growth...It is also a fact that corruption is a contingent tax on doing business, and hene at the margin affect growth negatively..The point is very different - people are looking to "kick butt", but do that in the fashion that change was brought about by MMS/PVNR in 1991 - disruptive policy changes that changes the game...Not change of the sort sought to be engendered by JP in 1977, with all its disruptive, but unintended consequences..So lets not mistake an aspirational demand to make the system better for a demand for a "revolution" (against mainowad, Christian evangelism, Islamic this that and the other)...
People are not looking at that..If they did, universities will see students agitating, street corners will see daily dharnas on some pretext or the other, industrial workplaces will see strikes...People really are looking for better policies, ones that will take away residuary discretionary powers in the govt (well, not everyone can articulate that in those words, but essentially) and keep the growth going...My point is we should be contributing to that (in whatever limited ay we can), rather than speculating about possible revolutions in a country where the last state elections saw an 84% voter turnout..
SwamyG wrote:But you are refusing to say "WTF?" Are you against profanity
Of ourse, I am saying "what the fornication"!
WTF that the best policy-making team in place since 1993 cannot take up the heavy lifting on policy required? WTF that India's "cleanest image" PM after LBS cannot pick up the microphone and communicate clearly with the people on what he is doing or plans to do? He only has to say it, his credibility will carry the message through...And given that neither is happening, I would prefer a mid term election, though I dont think its going to happen..
SwamyG wrote:Corruption at low level exists because people are corrupt because they need to survive. Corruption at the political level and business level is unadulterated greed. Simple. A person bribing somebody at the local government office to get a job done is doing out of necessity.
Corruption at all levels is primarily a function of policy incentives and disincentives...Innate personal qualities are a contributor, but at a macro level, that exaplanation is a copout...I would repeat two examples I had quoted before...NAvin Chawla was apointed CEC - and he was a card carrying "mainowadi" at worst, dodgy at best, according to most...What was his conduct as CEC? Anything outside the book? On the other hand, every single incumbent in the telecom ministry since 1993 has been splurged with taint, except maybe Arun Shourie..Why? Simple, the instituional structures are designed for influence peddling, hence there are clear incentives built in for doing so...Unlike the EC...
The very latest, CAG report on the KG basin issue - the basic issue is that there is no regulator! (well there is one, DGHC, but it is only a department under the ministry, suitably amenable to diretions by the minister!)...
The solution therefore is to change the policy regimes...Do you here of corruption on "cement quota allocations" anymore? (remember the film "kalyug"?) Because you dont have cement quota regime anymore...Branch licenses are the most vluable commodity in banking..Does anyone here of nepotism in allocation of those? Because RBI is an institution which has built credibility on the process...We need similar institutional and policy changes..
BTW, people havent noticed, the good thing that has come out of this is the partial cleaning up of the policy mess in telecom..The 3G auctions went through spotlessly, and the NTP 2011 is open for the public to give feedback on...Finally, maybe we would have seen the end of shenanigans on telecom....