-The Hindu The authority of Adam Smith is frequently invoked by supporters of the free market, who argue for extending the market forces to all conceivable goods and services and eliminating any kind of government intervention in markets. However, Smith’s The Theory of Moral Sentiments and An Inquiry into the Nature and Causes of the Wealth of Nations make it clear that he was not a laissez faire or free market...

-The Hindu   Ideological labels are likely to mislead by channelling the debate into issues of capitalism and socialism and detract from the real problem George Santayana said: "Those who cannot remember the past are condemned to repeat it." Having forgotten the license-permit-quota-raj that enveloped us from 1950 to 1980 and its ‘crony socialism,' many intellectuals, mediapersons and politicians have now discovered ‘crony capitalism.' The license raj consisted of stifling controls imposed on...

-Outlook As the Manmohan Singh government makes evident its unfriendliness to villages, the nation hurtles towards disaster. It's a danger no one wants to face. Prime Minister Manmohan Singh has been trying for years to make us believe that agriculture is a vast marshland in which a huge population is stuck ankle- to neck-deep and it is his duty to rescue them. "Our salvation lies in moving people out of agriculture," he...

-Kashmir Times If psychologist Ashis Nandy had planned to ignite a potentially ugly controversy at the Jaipur Literary Festival, he couldn't have done better than by insinuating intimate links between corruption and Dalits, Adivasis and Other Backward Classes. After warning that he was about to make a "very undignified" and "almost vulgar" statement, "which will shock you", Nandy said: "It is a fact that most of the corrupt come from the...

-The Hindu In the television newsroom, the promoter’s fancies and political preferences have taken precedence over editorial judgement The Zee “extortion” case in which the news network is alleged to have demanded Rs.100 crore in return for rolling back its campaign against steel tycoon Navin Jindal’s “misdemeanours” in coal block allocations (for the family owned Jindal Steel & Power Limited or JSPL), is a deeply layered story that deserves a closer look...