ArJ.uNo

What was Mahatma Gandhi’s reply when asked what sort of government he sought for independent India? His response was, ‘that government is best which governs the least.’

Now the congressmen can give you millions of reasons as to why the Gandhian principle still holds well in their style of governance. And not to my surprise one billion Indian will subscribe to their views.

If we interpret Gandhi’s view, then he must be a championing the cause of free economy. I am writing this blog from economy point of view and not from politics. Now what do we have in a free economy? We have lesser govement control, much means of production in the hands of private sector, and higher weightage to demand and supply forces. So Gandhi ji was in favour of free economy.

America could adopt the free economy concept because they could make a reliable regulatory environment and hence could create a reliable system for economy where each individual gets equal opportunity. And American economy has been a successful economy (Ignore short term ups & down). For decades they are the largest economy and no nation can ignore the happening in American economy, because it affects all.

Now India.

We have been, since independence, living in socialistic environment but still could not protect human rights in country. The government has always tried to control every thing. They even tried to create a specific mindset in Indian citizens and they were patially successful. Now for our every problem we are blocking the roads in the expectation that government will come and solve our problem.

But think Realistically!!!!

Is it possible that government with a limited budget and limited work force, can manage evrything in social life. Government will earn only if private enterprises are earning, or GDP is increasing. This thing was felt by congress in late 80s. But now, even when we want to switch over to a free economy we can not. Because people are still in mindset of socialism.

Now to the headline.

We can not develop because we can not free those who are producing. Why? Because regulatory authorities like ICAI are big failure in managing its affair. So every time Parties like CPI(M) gets an opportunity to raise the demand of harder government control. And ultimately government has to interfere.

Now either ICAI’s like body change their style of working, and held their members guilty of misconduct or we will be back again under communist raj. (Communism of congress is akin to socialism, and extreme form of socialism is communism.)

Your comments invited.

Thanks Anuj Jain