Ever changing world
I was reading the write up A nation for sale. I don't get it how the British East India Company and a modern corporation could be compared? It's not even apple and orange comparison.
The write-up sounds like everything about private sector is bad, but to me it's great that those things are happening. Corporate raiders are coming-- that's wonderful, that means competition. Competition means only the strong can survive in the jungle of the corporate world-- that's healthy. Sick industries are consuming our hard earned money which can be invested in healthy industries. Private sector enterprises take risk and invest private equity into a company. If they lose, they close down the shop and that is the end of it. But in the public sector, it is a different story.
We should change our mindset and always look for a model. ASEAN is a good model to follow. They are not big like China, India and Russia but they are better economically. Being small also has advantage, it's easy to steer a smaller ship than a large Titanic. Free economy is the only economy for prosperity that does not negate the government's responsibility to safeguard its people and ensure social well-being.
For all latest news, follow The Daily Star's Google News channel.
Comments