India’s Chinese Dream – Biased Economist

The past three decades were blissful for the India’s growth numbers, but not for its developmental needs. Despite of being a democracy with the multi-party system, and free elections, it is far behind the authoritarian styled China. The elections in India are on ‘one person one vote’ basis, whereas in China the President is selected…

Rethinking Pollution?

The national capital of India is again in news due to pollution. Walking in the streets of Delhi can be more lethal than smoking 50 cigarettes a day. The major reason told to us for this pollution is the stubble burning by the farmers of Punjab and Haryana. This shows the weakness of India’s domestic…

Madison Didn’t Predict the Market as the Last Check on Power

The US constitutional system of checks and balances, designed to stop any individual or institution from accumulating excessive power, has been compromised. Over time, Congress has delegated significant authority to the executive branch, including the power to appoint agency heads, execute policy-directing executive orders, act unilaterally on diplomatic and military matters, control the federal bureaucracy,…