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T N Ninan: Creating new winners

We can no longer argue simplistically that, if the government or public sector can't do the job, call in the private sector

T N Ninan 

T N Ninan Twenty and more years ago, the mantra was: If the government or public sector cannot get the job done, hand it over to the private sector. And who is to argue that this approach has not worked? We only have to look at the private airlines, phone companies, private banks (or at least some of them), and the post-privatisation record of the metals companies (aluminium, copper and zinc) to accept the broad conclusion that in open competition the public sector comes off a poor second-best, and that the consumer is best served when private players are allowed entry. This is so even when private ...

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First Published: Fri, September 15 2017. 22:53 IST
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