The Precipice
This sounds like the electricity sector, yet it's referring to the mismanagement of the Indian economy: "...the government commissioned committee after committee to examine the control system. These committees would meticulously document all the problems—the delays, the corruption, the strangled enterprise, the perverse incentives. Brilliant reports. Devastating diagnoses.
Then, in their recommendations, they would call for... tighter controls. ...most of them after having documented the problems, they would then recommend a tightening to say that, ‘Look, yes, these are problems, but we should function much better and more efficiently in doing these things.’”
The intellectual establishment couldn’t imagine dismantling controls. They could only imagine better controls. More efficient strangulation. More scientific suffocation.
Document the problems. Recommend more of the same. Repeat."
"Consumer Regulated Electricity" (CRE) is not more of the same. It calls for what hasn't been allowed in the sector for more than a century: new entrants, innovation, and competition in all aspects. India's economy blossomed when it was opened up. It's about time we do the same with electricity.
