The fatal conceit: the hubris of India’s planners
As Modi begins the campaign for next year's general election, he would do well to learn from the great minds of Hayek and Smith, and attempt reforms that are not top-down plans like his predecessors opted for
Prime Minister Narendra Modi has the same malady that has plagued most of India’s leaders. He, like some of his most famous predecessors, believes that society and the economy can be engineered, and the government and its army of bureaucrats is equipped to do so. Their toolkit contains good intentions, political capital, excellent rhetoric, the power to tax and expropriate, and to summon the resources of the entire country for their cause.