Contrary to the general perception that the rich, empowered by exploitative pro-liberalisation policies, squeeze the poor, the findings in the book adduce the fact that the poor remain poor because there has been no LPG in the areas that affect their livelihood. Their world is still dominated by the forces of extortion, arbitrariness and uncertainty brought about by restrictions on their economic life—the ubiquitous licence-permit-quota raj. It is the abolition of LPQ (Licences, Permits and Quotas) that has opened up the world for the richer sections of the country. The poor deserve no less.
Economic freedom is more valuable for those at the bottom rung of the economic ladder. Nobody appreciates free enterprise—the absence of government regulations and controls—more than the poor unlicensed hawker. The rich can always find a way around government controls, the poor have no way out. Empower the poor with economic freedom.
This is an excerpt from the book ‘Law, Liberty and Livelihood: Making A Living On The Street’, that highlights the regulatory abyss that the bottom of the pyramid livelihoods operate under.
Access the full book here.
Read more : https://spontaneousorder.in/so-musings-economic-freedom-for-farmers/
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The opinions expressed in this essay are those of the authors. They do not purport to reflect the opinions or views of CCS.
