{"id":56831,"date":"2025-03-08T01:00:02","date_gmt":"2025-03-08T06:00:02","guid":{"rendered":"https:\/\/quotulatiousness.ca\/blog\/?p=56831"},"modified":"2025-03-07T09:22:58","modified_gmt":"2025-03-07T14:22:58","slug":"qotd-indias-post-independence-economic-mistake","status":"publish","type":"post","link":"https:\/\/quotulatiousness.ca\/blog\/2025\/03\/08\/qotd-indias-post-independence-economic-mistake\/","title":{"rendered":"QotD: India&#8217;s post-independence economic mistake"},"content":{"rendered":"<blockquote><p><a href=\"https:\/\/quotulatiousness.ca\/blog\/wp-content\/uploads\/2019\/06\/QotD-thumbnail-400x400.png\"><img loading=\"lazy\" decoding=\"async\" style=\"float:right; padding: 0px 0px 10px 25px\" src=\"https:\/\/quotulatiousness.ca\/blog\/wp-content\/uploads\/2019\/06\/QotD-thumbnail-400x400.png\" alt=\"\" width=\"400\" height=\"400\" class=\"alignright size-full wp-image-48672\" srcset=\"https:\/\/quotulatiousness.ca\/blog\/wp-content\/uploads\/2019\/06\/QotD-thumbnail-400x400.png 400w, https:\/\/quotulatiousness.ca\/blog\/wp-content\/uploads\/2019\/06\/QotD-thumbnail-400x400-150x150.png 150w, https:\/\/quotulatiousness.ca\/blog\/wp-content\/uploads\/2019\/06\/QotD-thumbnail-400x400-50x50.png 50w\" sizes=\"auto, (max-width: 400px) 100vw, 400px\" \/><\/a>Nehru \u2013 influenced by the Webbs and other Fabians of course \u2013 decided that the way to develop a peasant economy into a rich country was to have strong and centralised control of that economy. This was, of course, purblind and rancid idiocy.<\/p>\n<p>Strong and centralised control is something that only a rich country can afford because only a rich economy can weather the costs \u2013 the inefficiencies, the politically directed nonsenses \u2013 that such control insists upon.<\/p>\n<p>Of course, rich countries shouldn&#8217;t make themselves poorer in this manner either but an already poor place can&#8217;t afford to have them \u2013 because if it does then people die.<\/p>\n<p>India&#8217;s poor because of that attempt at socialist development. Something we can prove by the manner in which development sped up when even some portion of the socialism was dropped. Sure, the Webbs set up the <acronym title=\"London School of Economics\">LSE<\/acronym>, the place I started to learn my economics but they were responsible for far greater evils than my views as well.<\/p>\n<p>Tim Worstall, <a href=\"https:\/\/www.continentaltelegraph.com\/economy\/a-sad-lesson-about-indias-history\/\" rel=\"noopener noreferrer\" target=\"_blank\">&#8220;A Sad Lesson About India&#8217;s History&#8221;, <em>Continental Telegraph<\/em><\/a>, 2020-05-01.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Nehru \u2013 influenced by the Webbs and other Fabians of course \u2013 decided that the way to develop a peasant economy into a rich country was to have strong and centralised control of that economy. This was, of course, purblind and rancid idiocy. Strong and centralised control is something that only a rich country can [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":35193,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[25,84,7,23,41],"tags":[712,91,76,1574],"class_list":["post-56831","post","type-post","status-publish","format-standard","hentry","category-economics","category-government","category-history","category-india","category-quotations","tag-centralplanning","tag-poverty","tag-socialism","tag-technocracy"],"jetpack_featured_media_url":"https:\/\/quotulatiousness.ca\/blog\/wp-content\/uploads\/2016\/06\/favicon.png","jetpack_shortlink":"https:\/\/wp.me\/p2hpV6-eMD","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/56831","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/comments?post=56831"}],"version-history":[{"count":4,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/56831\/revisions"}],"predecessor-version":[{"id":94531,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/56831\/revisions\/94531"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/media\/35193"}],"wp:attachment":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/media?parent=56831"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/categories?post=56831"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/tags?post=56831"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}