When Prakash Karat, general secretary of CPI(M) came to The Indian Express, I looked forward to a heady debate, among many other issues, on why the party is averse to stock markets. I thought, finally, as I drag myself out of the analytical, empirical, logical paradigm, enter the “people”, the “political”, the “national” arenas and revisit my assumptions all over again, I may get a little enlightenment.
I was disappointed. Question: what’s wrong with the stock market? Answer: a paper on the Chilean experience. Question: why not invest in the market if returns are guaranteed? Answer: putting Government funds in the stock market means you are providing a vast source of capital to the corporate sector.
Opinion in The Indian Express, October 31, 2006
Showing posts with label Prakash Karat pension reforms stock market. Show all posts
Showing posts with label Prakash Karat pension reforms stock market. Show all posts
Tuesday, October 31, 2006
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