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	<title>Comments on: The Ideology of India</title>
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	<description>Voices from the Indian Blogosphere</description>
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		<title>By: Nanubhai</title>
		<link>http://www.blogbharti.com/shivam/india/the-ideology-of-india/comment-page-1/#comment-680</link>
		<dc:creator>Nanubhai</dc:creator>
		<pubDate>Mon, 08 Jan 2007 22:52:19 +0000</pubDate>
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		<description>Here is my reply to one of the comments on www.indianeconomy.org which adresses some of your concerns:

The three areas where I think the economic ‘left’ and ‘right’ can work together best are education, infrastructure (facilitating public/private partnerships), and institutional quality/governance. All three cut across ideological lines; and all three are cornerstones of a successful development process.

From an economic perspective, the left has traditionally has held deep mistrust for the private sector, and the right has a similar mistrust of public officials. At their worst, capitalists are recklessly greedy and bureaucrats are venal and corrupt. At their best however, the capitalists grow the pie, and the bureaucrats *effectively* redistribute it through taxation, spending, and regulatory incentives. Getting from worst to best requires a reduction in the polarization between these groups.

It is only by taming down the vehemence with which we challenge the other side that we will realize that progress, in a democracy, requires some cold, hard compromises.</description>
		<content:encoded><![CDATA[<p>Here is my reply to one of the comments on <a href="http://www.indianeconomy.org" rel="nofollow">http://www.indianeconomy.org</a> which adresses some of your concerns:</p>
<p>The three areas where I think the economic ‘left’ and ‘right’ can work together best are education, infrastructure (facilitating public/private partnerships), and institutional quality/governance. All three cut across ideological lines; and all three are cornerstones of a successful development process.</p>
<p>From an economic perspective, the left has traditionally has held deep mistrust for the private sector, and the right has a similar mistrust of public officials. At their worst, capitalists are recklessly greedy and bureaucrats are venal and corrupt. At their best however, the capitalists grow the pie, and the bureaucrats *effectively* redistribute it through taxation, spending, and regulatory incentives. Getting from worst to best requires a reduction in the polarization between these groups.</p>
<p>It is only by taming down the vehemence with which we challenge the other side that we will realize that progress, in a democracy, requires some cold, hard compromises.</p>
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