The Danger of Coronavirus Central Planning
The Covid-19 Pandemic has sent the Indian government in a tizzy. Modi government has panicked like anything and without any kind of prior very careful thinking or planning Modi has announced a 21 day lock down of the whole country of 1.35 billion people. Almost all production processes in the country have either totally shutdown or working at much lower capacity now. This means, huge supply crunch is coming. Moody’s has already lowered Indian GDP forecast to just 2.5% for calendar year 2020. The actual growth very likely is in reverse gear now. No one knows how the millions of rural folks are surviving right now, in Modi’s own constituency Varanasi children are forced to eat cattle grass with salt and water, and within 3 days of lock down even urban areas are now running out of essential supply of food etc., items because whole supply chain is on a stand still. Amidst this historic lock down, Modi has taken control of all...