Last week, we spoke about how manufacturing in India has been hobbled by the state for decades, and continues to be in a bad way. But does that mean the state should now direct its focus on it?

No!

Welcome to Episode 105 of Everything is Everything, a weekly podcast hosted by Amit Varma and Ajay Shah.

In the second of a two-parter, Ajay lays out his argument for why the state should not pick winners, not just within a sector but also among sectors. State coercion makes everything worse!

TABLE OF CONTENTS: 00:00 Packaging00:13 Intro: ‘Development economists are a creepy bunch.’02:42 Chapter 1: The Traditional View11:06 Chapter 2: Mugged by Reality22:17 Chapter 3: What’s the New Model?32:24 Chapter 4: What Happened to the Bombay Dream?45:10 Chapter 5: Let’s Talk About Food, Baby!51:21 Chapter 6: Some Lessons54:11 Chapter 7: Recommendations

For full show notes, please click here!