Political theories masquerading as sound economics (free-market rhetoric better known as Thatcherism and Reaganism) are back with a bang. Statements like “government has no business to be in business” or that “wealth creators (in private sector) are important for India, only then can wealth be distributed, and jobs be generated” are hitting the headlines again.
The context now involves handing over public ownership of two banks and a general insurance company to the…
SOURCE: BUSINESS TODAY
