Saturday, January 26, 2013

An aspiring young India needs a new liberal party

India is a nation in ferment. People have taken to the streets because they no longer trust the existing political order. The old way of doing politics is under challenge but a new way has not yet been found. No one knows quite what the next eruption will bring. After Anna Hazare, Kejriwal, and Nirbhaya, there will be another outrage and another protest, and this will not stop until the political class learns to cope with the aspirations of a new, young, self confident nation. There were hints of this realization last week at Jaipur but no one had the courage to say so at the Congress conclave, not even Rahul Gandhi.

The aspiring young are about third of the country now, and in a decade or so they will be half. This is the new aam admi and it finds it has no one to vote for in 2014. The existing parties continue to view voters patronizingly as poor, ignorant, grieving masses. So, they resort at election time to the same tired populist formula of bribes and giveaways--free booze, loan waivers, free power and TV sets, caste reservations, subsidized food, NREGA jobs and now cash transfers. The giveaways benefit only a section of the people. But Nirbhaya’s lesson is that people want public goods which benefit all citizens. Everyone gains from efficient law and order, corruption free governance, good roads and schools, whereas only a section gains from reservations, free power, and PDS rice. Everyone benefits where the police quickly file an FIR and the judge gives quick justice.
The aspiring young cannot understand why their tolerant nation, which offers the most astonishing religious and political freedom, fails to give economic freedom. Why must amazingly free India rank 119 on the global freedom index? Why must it reform by stealth? In a country where three out of five people are self-employed, why should it take 42 days to start a business, and the entrepreneur is victim to endless red tape and corrupt inspectors?
India ends up reforming furtively because none of the political parties has explained to the people the difference between being ‘pro-market’ and ‘pro-business’. To be ‘pro-market’ is to believe in competition in the marketplace, which helps keep prices low, raises the quality of products, and leads to a ‘rules based capitalism’. To be ‘pro-business’ means to turn over the market’s authority to politicians and officials, and this leads to ‘crony capitalism’. Competition means that some businesses should be allowed to die because they are poorly managed such as Kingfisher Airlines and Air India, and should not be bailed out. Not making this distinction has led to the false impression that reforms make the rich richer when they actually help the poor. The aspiring young demand rules based capitalism, and to get there will mean shifting our politics away from populism towards the centre.

Protests awaken a people but do not solve the problem. Only the hard work of politics can do that in a democracy. It would be smart for one of the two major national parties to recognize this opportunity and come into tune with the new aspiring, secular aam admi. But that seems a hopeless prospect. The DNA of the BJP is not secular; the DNA of the Congress is statist, populist and socialist. Neither has shown the commitment to drive institutional reform needed for good governance. The regional parties lack a national vision and left parties do not believe in market-based outcomes. The Aam Admi Party could have filled this space but it has illiberal tendencies and does not endorse economic reforms. So, while the last thing India needs is a new party, it is the only alternative.  

A young aspiring, secular India needs a new liberal party of the 21st century which trusts markets rather than officials for economic outcomes, and relentlessly focuses on the reform of the institutions of governance. Only thus, will the country begin to move away from crony capitalism and towards rules-based capitalism. It may not win votes quickly but it will bring governance reform to centre stage and gradually prove to voters that open markets and rules-based government are the only civilized ways to lift living standards and achieve shared prosperity.


Anonymous said...

Hi there! Sοmeone in my Facebook grοup ѕhared this webѕіte wіth us ѕo I came to look
it oveг. I'm definitely enjoying the information. I'm book-markіng and wіll bе tweeting thіѕ to my folloωеrѕ!
Εxceptional blοg anԁ eхcellent desіgn.
Also visit my weblog ... Chemietoilette

Anonymous said...

Hi there Deaг, are yοu in fact viѕiting thіs sitе regularly, if
ѕo afteг that уou wіll absolutely take pleaѕаnt knоω-how.
My web-site : chemietoilette

Anonymous said...

I enjoy what you guуs tend tо be up toο.
Τhіѕ kind of сlevеr work аnd exposure!
Keep up the suρerb worκs guys I've included you guys to my blogroll.

Also visit my web page ...

Anonymous said...

I think thе admin of thіs website is in fact working hard fог his site, since here every mateгial is
qualitу based infoгmatiοn.

Here is my web site: Chemietoilette
My webpage :: Chemietoilette

Anonymous said...

It's the best time to make some plans for the future and it's time to be happy.
I've read this post and if I could I wish to suggest you some interesting things or advice. Maybe you can write next articles referring to this article. I desire to read even more things about it!

Also visit my website ... shower Rod Tension
Also see my site :: Rest Room Cabinets Can Add Price To Your Home

Anonymous said...

Thankѕ for thе maгvelοuѕ
ρosting! I genuinеly enjοyeԁ геaԁing
it, yοu mаy be a grеat аuthor.
I ωill be surе to bookmarκ
your blog аnԁ definіtely ωill cоme
bаcκ lateг on. I want to encοurage οne
to continue your great work, haνе
a nіce holiday ωeekend!

Taκе a looκ аt mу blоg
post: Chemietoilette

Anonymous said...

Hi! I've been following your site for some time now and finally got the bravery to go ahead and give you a shout out from Humble Tx! Just wanted to tell you keep up the good work!|
[url=]payday loans

Unknown said...

One thing i would like to know from you is whether it is justified to use the phrase "secular aam admi". What does this mean?

Unknown said...

One thing i would like to know from you is whether it is justified to use the phrase "secular aam admi". What does this mean?

Anonymous said...

I am truly thankful to the owner of this site who has shared this fantastic piece of writing
at at this time.

My web-site ... polo factory store

Anonymous said...

Wondеrful blog! I found it while brоwsing
on Yаhoо Nеωs. Do you have any tірs оn
how tο gеt lіѕted in Yаhoо News?
I've been trying for a while but I never seem to get there! Appreciate it

My website :: new windows solihull

Indian Quotes said...

Many Indians do not even know the meaning of the word 'liberal'. We are traditionally used to thinking as a crowd. We should learn to look at individual rights than the rights of the society as a whole.

Anonymous said...

I love your blog.. very nice colors & theme. Did you design this website yourself or did
you hire someone to do it for you? Plz reply as I'm looking to design my own blog and would like to find out where u got this from. thanks a lot

Here is my page What To Do When Selling A Car

Anonymous said...

We absolutelу love your blog аnd find many of youг post's to be precisely what I'm looking for.
Would you οffеr guest writers to wrіte content in
your caѕе? I wouldn't mind writing a post or elaborating on a lot of the subjects you write in relation to here. Again, awesome blog!

Feel free to surf to my website - lose belly fat Quick

Anonymous said...

Whаt i do not гealizе is in fact how you're no longer really much more well-appreciated than you might be right now. You'гe veгy intelligent.
Yοu κnow therefore сοnѕіderably in terms of this topic, proԁuceԁ me persοnаlly consider it from a lot of vаried аngleѕ.
Its like women and mеn aren't interested unless it is one thing to accomplish with Girl gaga! Your individual stuffs outstanding. At all times take care of it up!

my blog we pay cash For cars

Puneflowersdelivery said...

Send flowers to Pune, flowers to Pune delivery,flowers to Pune, Pune flowers delivery, flowers Pune, Online flowers to Pune.

chennaicakesdelivery said...

Send cakes to chennai, cakes to chennai, cakes to chennai delivery, cakes home delivery to chennai, buy, online, same day, cake delivery to chennai

Unknown said...

Hello Everybody,
My name is Mrs Sharon Sim. I live in Singapore and i am a happy woman today? and i told my self that any lender that rescue my family from our poor situation, i will refer any person that is looking for loan to him, he gave me happiness to me and my family, i was in need of a loan of S$250,000.00 to start my life all over as i am a single mother with 3 kids I met this honest and GOD fearing man loan lender that help me with a loan of S$250,000.00 SG. Dollar, he is a GOD fearing man, if you are in need of loan and you will pay back the loan please contact him tell him that is Mrs Sharon, that refer you to him. contact Dr Purva Pius,via email:( Thank you.

srjwebsolutions said...

We are leading responsive website designing and development company in Noida.
We are offering mobile friendly responsive website designing, website development, e-commerce website, seo service and sem services in Noida.

Responsive Website Designing Company in Noida
Website Designing Company in Noida
SEO Services in Noida
SMO Services in Noida

Unknown said... is online medical store pharmacy in laxmi nagar Delhi. You can Order prescription/OTC medicines online.
Cash on Delivery available. Free Home Delivery

Online Pharmacy in Delhi
Buy Online medicine in Delhi
Online Pharmacy in laxmi nagar
Buy Online medicine in laxmi nagar
Onine Medical Store in Delhi
Online Medical store in laxmi nagar
Online medicine store in delhi
online medicine store in laxmi nagar
Purchase Medicine Online
Online Pharmacy India
Online Medical Store

Unknown said...

We are uhe solid first platform for modeling newcomers to achieve there new dreams. The first to train and promote out models at our expense to avoid burden on them. Join the most popular agency if you modelling jobs in Delhi for female freshers, models, students, housewives aiming to start there modeling career. We are top modelling agency in Delhi offering modelling jobs in Delhi for upcoming female freshers or experienced models who want to join lingerie modeling agencies.

modeling agencies in Delhi
modeling agencies
modeling jobs
modeling auditions
model coordinators
modeling jobs in Delhi

Unknown said...

We are specialized in Mechanised cleaning of Underground and Overhead Water Tanks of all sizes. Door Step services across Delhi, Noida and Ghaziabad.

Water tank cleaning services in Noida
Water tank cleaning services in Ghaziabad
Water tank cleaning services in Delhi

Drain cleaning services in Noida

Drain cleaning services in Ghaziabad
Drain cleaning services in Delhi
Pipeline Cleaning Service in Noida

Pipeline cleaning services in Ghaziabad
Pipeline cleaning services in Delhi

Tank cleaning services in Noida

Tank cleaning services in Ghaziabad
Tank cleaning services in Delhi

Unknown said...

Battery Mantra Buy Car and Inverter battery online in India. BatteryMantra is Noida based India's No. 1 online battery store offering you genuine batteries of all the well-known battery brands at best prices.

Online Inverter Battery Store
Online Car Battery Store
Buy Inverter battery Dealer Noida
Buy battery online Noida
Online Inverter Battery Store
Buy car battery Noida