Re:India’s electricity problems: An area of darkness (2012)
by alricb on Thursday February 19, 2015 @07:08PM
(#9078088)
> It has ducked fundamental reform, which would probably involve breaking up Coal India, privatising local distribution companies and installing new regulators with teeth.
The Economist thinks privatization is the answer? Is this thing real?
Re:India’s electricity problems: An area of darkness (2012)
by anakron on Thursday February 19, 2015 @08:25PM
(#9078368)
I can't tell if you're being sarcastic, but a common criticism of The Economist's values is that they have never seen a problem that could not be fixed by deregulation and privatization.
Re:India’s electricity problems: An area of darkness (2012)
by thisrod on Thursday February 19, 2015 @11:19PM
(#9078894)
For their 2015 outlook issue, The Economist asked readers to submit predictions by Twitter about the year's events. One prediction they published said, "The Economist will continue to recommend market-based solutions for everything."
The Economist thinks privatization is the answer? Is this thing real?
Like the second-to-last paragraph here, for instance: http://www.theguardian.com/media/2005/aug/21/pressandpublish...
* Not enough power is being generated. If the price of electricity is high enough this will not happen.
* Unreliable equipment - which means not enough money has been spent repairing it or buying new.
India seems to be affected by both.