Ep 188: What a Long Strange Trip It's Been
The Seen and the Unseen - hosted by Amit Varma
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What Is the Biggest Choice of India?
Rajaji famously called the license cotop hermitrage. The whole especially licensing, it actually taxed domestic producers. So wheras protection gives you, you now is a favor granted to domestic industry. Now every time you want to do this, you have to come and ask some one. It was a very unusual model where there was both import substitution, but a tax on domestic basically domestic onspial activity was taxed in a way that very few countries do.
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