I like the FTI’s social goals. But from what I understand, they also support complete privatization and deregularization of all industries including farming. I’m not a big fan of government intervention, but you do need some of it to keep big corporations in check…
Keeping corporations in check is absolutely important, by which I mean ONLY ensuring that there is no fraud committed, and no harmful products sold. That is what regulation is for. Good regulation and effective enforcement is all that is needed. That is not a trivial exercise, and FTI is committed to using the best principles of institution design and incentives to ensure that.
However, a government should GOVERN, not be a kiryana shopkeeper. Let the PEOPLE manage their own affairs. Privatisation is freedom and respect for individuals. It should be called ‘Citizen self-management’ not ‘privatisation’ which is a confusing word.
Agree that Govt needs to have something in hand to keep check. But the whole idea is to install the system of checks and balances where least government interference is needed.
I disagree to use the concept of privatization which to me is like an initiative (in current scenario) to hand over the license to capitalists. I stand to be corrected here, if my perception is wrong.
I’m personally not in favour of 100% privatization, especially farming sector. Bharat rashtra is not not like any other nations where farming is organized and controlled by very small section of the society. Here we have more than 60% population directly/indirectly dependent on farming.
But yes I endorse the freedom to citizens, so that any citizen will be free to manage his/her own resources.
Secondly, policies are under discussion and are continuously being updated with the suggestions and additions. And at FTI we agree to disagree on personal grounds but policies will be finalized once 1500 leaders agree upon them.
We welcome you to consider joining FTI and participating discussions.
FTI does not endorse complete deregulation. FTI is about Freedom with accountability, supported with best policies of checks and balances in place. Both Sanjeev and Sandeep have clarified this position.
Restricting our discussion to Farming here, would like to quote an excellent case study of how a corporate entity, given a fair chance, can immediately change the status & living standards of farmers just by giving them the freedom to trade – I am talking about “ITC Choupal” initiative by ITC Agri-Biz Division in MP, almost 10 years back. This operation later extended to 6 states across 4 million farmers. I am sure every one knows about this as it had made to the cover story in The Economist then.
There was a huge opposition & uproar by the Grain Merchant lobby in Bhopal (MP) – actually a Mafia, and the local politicians supported and funded by these thugs who controlled every individual farmer – they would pay them what they want and when they want – simple terms “payable when able” and the poor farmer had no choice but to wait, without even knowing how much, and if at all, he will get paid for his produce. ITC Choupal changed all of that by setting up one single Choupal and giving the freedom to the farmer to sell his produce, if he so desires, at the current market price as declared on their sign-board, and get paid in Cash. The rest is just numbers and market statistics.
Point I am trying to make here Bhagwad is that it is the freedom to trade and freedom of choice in the hands of the farmer alone that would bring prosperity and improve their living standards – no amount of Socialist Policies or charity or subsidy would ever be able to do what ITC Choupal did.
It would be nice to meet up with you some time. I would also mail you an invite to Freedom Partner Chennai Google group – lets try to connect.