“The privatisation of well-run government companies serves
only the politicians and their cronies.”

No, that’s not the off-the-record confession of an
investment banker or the cry of anguish by a consumer who has driven over
several toll roads to use Sydney
airport. It’s just a comment from A. Prasad of Chennai,
posted on the BBC’s website along with coverage of yesterday’s Indian national

transport system was hit particularly hard as a key focus of the
protests are
government plans to privatise the Delhi and Mumbai airports. Looks like
they know what happens once Macquarie Airports comes to town.

Beyond the protests and the joys of a government being in
coalition with the Communist Party is a bigger problem for the Indian economic
miracle: India’s attempt to match China’s growth and reclaim its status as an
economic power is hampered by the inconvenience of both democracy and a right
to protest not suffered by Beijing.

While India
certainly has the brains, education, language and entrepreneurial drives to do
in the tertiary sector what China
is doing in manufacturing, it’s upside might be limited by its politics. The canny reader with a eye to the world view
should watch for and be wary of rise in Indian commentary about the high cost
of democracy when the rural poor majority dog can wag the urban middle class

Peter Fray

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Peter Fray
Editor-in-chief of Crikey

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