I'm referring to the BJP and the Congress, and onions. Both parties share a flawed economic philosophy that government can fix commodity prices magically and arbitrarily. In reality, government cannot do anything like that. Altering the demand/supply curve is none of the government's job, and whenever it does that, it only makes matters worse, as we're seeing today.
To anyone following the nonsense closely, every solution that is being proposed now involves asking the government to undo something it had done earlier. But nobody seems to even for a second question the flawed economic philosophy which attaches an undue importance to government, and due to which government did those things in the first place. Why create taps and give them to wrong hands to control?
One blame being placed on the central government is that it allowed export licenses even when internal prices were rising. But nobody seems to realize that the first problem is that there is even a concept of export licenses. The second problem is that if traders want to export in any case, it's none of the government's business to stop that export. If that export is unethical in some sense, the society should rise to the occasion and stop it. Not government - a set of fools at best, and a set of corrupt fools at worst.
Another blame being placed on the central government is that it is treating Congress and BJP ruled states differently in executing the flawed economic philosophy. But those who point that out forget that when executing the flawed philosophy flawlessly itself is a problem, executing it in the presence of vested interests does not lead to a smaller problem. It leads to a bigger problem.
I'm wondering if there are any economists left in this country any more, who can advise to political parties, the public, and the media alike, what Ronald Reagan once advised:
In this present crisis, government is not the solution to our problem; government is the problem.The best thing any political party can do now is to show the intellectual courage to question the philosophy that government should poke its nose in the onion/tomato/garlic market, or any domestic market for that matter. It's high time voters also realize that there are things which government cannot solve, but can certainly screw up. I'd like to see at least one of the two parties grow up to adolescence and question the shared economic philosophy.
The more I think about it, the more I realize that the reason why neither the BJP nor the Congress is able to get over the crucial stage of adolescence when it comes to economic philosophy is simply that both have in them a trace of the colonial mindset. After all, the very concept of a Government of India is British, and our brown Indian masters copy-pasted crucial documents from the white British masters and just changed a few names here and there anyway.
Colonial governments must control the demand/supply curve in order to loot profits from the people and ship them to Her Majesty The Queen or His Majesty the King back home. Perhaps someone should remind both parties that they're already home, and that there's no Her Majesty or His Majesty to send anything to. Perhaps someone should rise to the occasion and ask government - whether it's this party or that forming it - to just shut up and leave the market to the market.