Mint: In defence of freedom

New business paper Mint says in its editorial

Economic freedoms have increased manifold since 1991. Yet, India continues to have one of the most fettered economic systems in the world. We still live in a country that is technically socialist and where the right to property is not a fundamental right. The state can brazenly take over private land for what it believes to be the public good. The freedom to truck, barter and trade is still suppressed. A farmer cannot sell his grain in the next state. We believe that trade among people and nations promotes specialization, transfers knowledge and advances prosperity. The creative energies of Indians have been suppressed by a state that once had paternalistic ambitions, but which has become increasingly corrupt and inefficient. This paper will be a voice in support of the transfer of power from state to market.

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