Day: May 29, 2009

Rajeev Mantri on India’s Technological Potential

Rajeev Mantri, executive director of Navam Capital, a Kolkata-based venture capital firm, writes in his piece in today’s Wall Street Journal on “Harnessing India’s Technological Potential” that “VCs typically consider India to be just a technology deployment market. That view is too narrow: India has not just the entrepreneurial competence but also the scientific talent to invent and lead in science-driven innovation.”
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Missing Friedman, Missing Markets

Stephen Moore of the Wall Street Journal has an article today, “Missing Milton: Who Will Speak for Free Markets“, which makes me despair for India. Milton Friedman was arguably one of the greatest proponents of freedom, and naturally therefore, an advocate of free markets. Trading is a uniquely human activity and humans engage in trade spontaneously and therefore human freedom must necessarily imply the freedom to trade. Human freedom without free markets is a fairly vacuous and meaningless idea. Prohibiting free markets is a necessary and often sufficient for guaranteeing poverty. That’s what all oppressors do — whether they are colonial powers or homegrown communists or socialists.
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