“In 1991, it took two years for anyone to get a telephone landline connection. N. R. Narayana Murthy, head of top software company Infosys, recalls that in the 1980s, it took him three years to get permission to import a computer and over one year to get a telephone connection. “
I only share long videos when they satisfy key criteria, such as being very informative and very educational.
This video from Arthur Brooks is both.
What I like most is that he does a very good job of showing that concern for the disadvantaged is the most important reason to support free markets and limited government.
And he does this by exploring some very interesting and challenging topics, such as Denmark’s unusual mix of free markets and a welfare state (I’ve referred to that country’s public policy as a combination of Dr. Jekyll and Mr. Hyde).
But I want to focus on his discussion of India’s partial economic liberalization. We’ll start by perusing the most-recent edition of Economic Freedom of the World to confirm that there was a significant increase in economic liberty during the 1990s.
But it’s also important to stress that India’s partial economic liberalization was…well…
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