20140102

Kejriwal, Raul VInci and Modi

Three leaders, three economic visions
For Mr Kejriwal, the country is poorly managed because it is corrupt.

Prices are high because people not like us have stolen money that belongs to people like us.

Electricity tariffs are a conspiracy.

Privatisation of water is an American plot.

Once in power, he will perforce compromise to a degree on these long-held beliefs. But the broader track of his economic programme is clear.

He insists he is not anti-business; but then, you don't have to say out loud you're anti-business to view all of it with blanket suspicion.

There was a time in this country, not so long ago, when all wealth creators were suspect. Mr Kejriwal is very much a man of that time. He is a man who believes in upholding laws, not in altering them to enhance growth.

His party believes efficiency is born of prohibitions and controls - in banning water tankers, in controlling private-school fees.

Prices are too important a factor, he believes, to be left to the market.

Ideally, 'the people' should decide what prices are. Some of us see a contradiction in that.

Cartoon: Satish Acharya