This is an archived blog post from The Acorn.
First he said that his government had no ideological view on anti-terrorism laws. Now Prime Minister Manmohan Singh—he who is the much celebrated ‘father of the economic reforms’—says he has no ideological commitment to markets either.
Asked if the current global financial disorder was an occasion to revise the faith in the markets, he argued that “we have no ideological positions. We have been cautious reformers, [carrying out] reforms with a human face. We do not have a strong ideological commitment to the markets; markets are useful servants but markets also need regulations, purposeful regulations.” [Hindu]
Well, it shows.
What is even more revealing is that Prime Minister Singh should think that purposeful regulations should somehow be inconsistent with an ideological commitment to markets.
And it is left to your imagination whether it was caution or lack of ideological commitment that has entirely buried the ‘second generation reforms’ that were being talked about just before he became prime minister.
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