That’s quite the achievement. Though a side note of comparison I can’t believe France and Belgium suffer power losses in the 5 to 6% range. Unless I’m misunderstanding what that means, it seems excessive for a modern economy.
It's embarrassing that it took so long. India has been crippled by decades of socialist government overreach. Unfortunately, even the purportedly right wing BJP is unable to keep the government out of places where it doesn't belong.
Being to the right of the current INC is not an achievement. The only people not in that position are Maoists.
Anyway, I think it's reasonable to be suspicious of the wealthy and powerful. For instance, I personally quite dislike our new AI ruling class. But unfortunately, in India there was an attitude since independence that it is impossible to generate wealth in a legitimate manner. Which is going way too far! And has predictably bad outcomes for the country.
It baffles me that country still has strong anti-capitalist views.
I wouldn't call the "license raj" of India as anti-capitalist.
India arguably has the strongest of institutions of all the countries in South Asia.
However, even its institutions and regulations are pathetically weak.
You probably also saw a previous post right here on this orange website
when someone tried to repatriate their business money outside of India.
It was painful just to read that they had to get approvals
from iirc sixteen different government agencies
to get their own money that they brought in from outside of India back.
Not profits, not proceeds, a fraction of what they put in.
Neither of these two cases is due to "anti-capitalist" views of India.
If you look at what was India before Moghul rule and British rule,
you could argue India has never been socialist before.
I think workers everywhere should have "strong anti-capitalist views",
because unrestrained capitalism is just anarchy.
True it should never have gotten so bad, but when there is no incentive to invest, this is the result you can expect. This happened in Venezuela and South Africa too - though SA also suffers from massive corruption (officials pocketing moneys and diverting from investment in infra).
I wonder how many HNers recall life in Delhi even 20 years ago? Cutting electricity loss is one thing, but getting rid of "load shedding" (unplanned power cuts) is the really revolutionary part. It was not uncommon for the power to go out several times a day and you had to rush to unplug expensive appliances (TV, laptop), because when the power came back it was often accompanied by a surge. My office was wired with two sets of electrical sockets, one connected to grid mains and the other connected to the UPS (for important equipment only).
Actually load shedding is planned power cuts. I have seen a schedule published in a newspaper with different regions of the city (not Delhi) and times when no electricity will be available. This is for ppl to plan their day
That’s quite the achievement. Though a side note of comparison I can’t believe France and Belgium suffer power losses in the 5 to 6% range. Unless I’m misunderstanding what that means, it seems excessive for a modern economy.
It's embarrassing that it took so long. India has been crippled by decades of socialist government overreach. Unfortunately, even the purportedly right wing BJP is unable to keep the government out of places where it doesn't belong.
It baffles me that country still has strong anti-capitalist views. I guess lack of education does that to people.
Also, BJP is slightly right of Congress (post 1991) when it comes to economics.
Being to the right of the current INC is not an achievement. The only people not in that position are Maoists.
Anyway, I think it's reasonable to be suspicious of the wealthy and powerful. For instance, I personally quite dislike our new AI ruling class. But unfortunately, in India there was an attitude since independence that it is impossible to generate wealth in a legitimate manner. Which is going way too far! And has predictably bad outcomes for the country.
While the https://en.wikipedia.org/wiki/East_India_Company was, as a broad generality, not nearly so vile as (say) the https://en.wikipedia.org/wiki/Spanish_colonization_of_the_Am..., it certainly didn't leave many Indians with a favorable impression of European-style capitalism.
I wouldn't call the "license raj" of India as anti-capitalist. India arguably has the strongest of institutions of all the countries in South Asia. However, even its institutions and regulations are pathetically weak.
https://en.wikipedia.org/wiki/Bhopal_disaster
You probably also saw a previous post right here on this orange website when someone tried to repatriate their business money outside of India. It was painful just to read that they had to get approvals from iirc sixteen different government agencies to get their own money that they brought in from outside of India back. Not profits, not proceeds, a fraction of what they put in.
Neither of these two cases is due to "anti-capitalist" views of India. If you look at what was India before Moghul rule and British rule, you could argue India has never been socialist before.
I think workers everywhere should have "strong anti-capitalist views", because unrestrained capitalism is just anarchy.
True it should never have gotten so bad, but when there is no incentive to invest, this is the result you can expect. This happened in Venezuela and South Africa too - though SA also suffers from massive corruption (officials pocketing moneys and diverting from investment in infra).
To me transformation efficiency and distance losses actually seem to make 5-6% pretty impressive?
Vajpayee FTW?
In Greece there is no incentive to fix power losses since the electric bill has a power losses line item.
You can steal as much as you want. The ones who pay will pay.
I wonder how many HNers recall life in Delhi even 20 years ago? Cutting electricity loss is one thing, but getting rid of "load shedding" (unplanned power cuts) is the really revolutionary part. It was not uncommon for the power to go out several times a day and you had to rush to unplug expensive appliances (TV, laptop), because when the power came back it was often accompanied by a surge. My office was wired with two sets of electrical sockets, one connected to grid mains and the other connected to the UPS (for important equipment only).
Actually load shedding is planned power cuts. I have seen a schedule published in a newspaper with different regions of the city (not Delhi) and times when no electricity will be available. This is for ppl to plan their day