Sunday, September 13, 2009

Let Millions of Indian Street Vendors Flourish into Middle Class Taxpayers

Sauvik Chakraverti (Libertarian Opinion From Indyeah) posts in ANTIDOTE HERE:

Sauvik Chakraverti covers the eviction of Indian street vendors in Bangalore and discusses the effects of this behaviour on the development of the poor trading classes. He finishes by contrasting the experiences of poor traders in Singapore:

When Singapore became independent in 1965 (after Nehru’s death) there were 2,50,000 street hawkers in the city-state. They are all part of the tax-paying middle class today. The same can – and must – happen here.”

This is by way of a debate with a senior economist on Adam Smith. Plenty of material for an illustrated session with students on the realities of economic development. Follow the link.



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