Praxeology: My Reflexions on India

Recently Mises India President Dr. Madhusudan Raj sat down with Mr. Yohan Tengra of   Anarchy for Freedom   to discuss India and its economy and to give insights on the root cause of what has created the many and various economic and social problems in India. He discussed subjects such as: Is Arvind Kejriwal our potential savior? Why we are not taught Austrian economics in school? Impact of Soviet styled Socialist central planning on India How government disinvestment and privatization compare to real free market privatization? Libertarianism v/s Socialism Why profits aren’t evil (& the functions of profit & loss How central banks (the RBI) create boom & bust cycles  

The Indian political scene, just like any other country’s political scene, is full of leaders who are good at the   art of leadership   of humbuggery and manipulation. Today many people in India are worrying about Narendra Modi government, just like any other past governments, as it also did not fulfill its election campaign promises. Narendra Modi was, and still is, seen as a savior by many Indians when they voted for him in 2014 and again in 2019. They thought Modi will bring peace and prosperity in their lives, but now after 6 years of his reign their dreams are shattered. Ever so hopeful and helpless, people of India are now turning their attention to a new kid on the block i.e., Arvind Kejriwal. Many are putting their hopes on him. The damage that Modi government is doing to India’s economy and society, people think Kejriwal can undo and put India on the path of prosperity. The gullibility of Indian voters is limitless. Many sane minded people are falling for Kejriwal...