Comments on: Business Is Not The Government’s Business http://indianeconomy.org/2005/12/13/business-is-not-the-governments-business/ Issues & insights Thu, 20 Nov 2008 17:26:17 +0000 http://wordpress.org/?v=2.6.1 By: The PRM Bharateeya Blog Mela, Vol 3 at Psychotic Rambings Of A Mad Man… http://indianeconomy.org/2005/12/13/business-is-not-the-governments-business/#comment-1302 The PRM Bharateeya Blog Mela, Vol 3 at Psychotic Rambings Of A Mad Man… Sun, 18 Dec 2005 07:07:07 +0000 http://indianeconomy.org/?p=176#comment-1302 [...] rated by the Government, and indicates his displeasure; while Atanu asks the Government to move out of direct participation in the economy, altogether. Moving [...] [...] rated by the Government, and indicates his displeasure; while Atanu asks the Government to move out of direct participation in the economy, altogether. Moving [...]

]]> By: Amit Kulkarni http://indianeconomy.org/2005/12/13/business-is-not-the-governments-business/#comment-1249 Amit Kulkarni Fri, 16 Dec 2005 01:12:07 +0000 http://indianeconomy.org/?p=176#comment-1249 What about the perils of the private sector being in business? Monopolies suck, whether they are government or private. Atleast, theoretically the government is accountable to the people. Companies which are a 'living' entity according to many court judgements, have more rights than any individual, and are accountable to just its shareholders, who have no incentive to care for anything harmful which the company does. Actually the majority of shareholders are just poor fellows, who have invested in their 'company'. The major blocks of shares/stock is held by powerful individuals or groups. Joe Blow on the street has maybe 1000 shares of Company X, 5000 shares of Company Y. What about the perils of the private sector being in business?

Monopolies suck, whether they are government or private.

Atleast, theoretically the government is accountable to the people.

Companies which are a ‘living’ entity according to many court judgements, have more rights than any individual, and are accountable to just its shareholders, who have no incentive to care for anything harmful which the company does. Actually the majority of shareholders are just poor fellows, who have invested in their ‘company’. The major blocks of shares/stock is held by powerful individuals or groups. Joe Blow on the street has maybe 1000 shares of Company X, 5000 shares of Company Y.

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