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PGP for India: Minimal Government

August 3rd, 2010 · 1 Comment

Continuing with the Pretty Good Principles (PGP) idea for India:

Minimal Government

Based on the precept “that government is best which governs the least.”

  • Government should be involved only in the basic duties of a government such as providing public goods that cannot be efficiently provided by the private sector.
  • Removal of government monopolies.
  • Independent regulators must be created for all sectors that require regulation – such as public utilities, education, transportation, monetary policy, etc.
  • Government should be a referee and not a player in the economic game.
  • Focus on increasing income instead of being obsessed with employment.
  • Ensure equality of opportunity and not force equality of outcome.

 Tomorrow: Individual Rights

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1 response so far ↓

  • 1 satyanjoy // Aug 3, 2010 at 10:17 am

    It looks good on papers and may work in a highly educated and matured society but sadly India is a farcry from suck idealistic situation.If you make independent regulators for all the main sectors, they will act like loose cannons rather then working cohesively

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