The Seen and the Unseen - hosted by Amit Varma cover image

Ep 333: Subhashish Bhadra on Our Dysfunctional State

The Seen and the Unseen - hosted by Amit Varma

CHAPTER

The Landscape of Economic Restraints

I think when you start thinking about it while still keeping social welfare as your guiding star, you realize the complexities of the situation. So for example, if you have high MSPs, sure, it might benefit some farmers, but who is it coming at the cost of? And every price distortion in the market is basically redistribution from someone to someone else. For example, when we are having the PDS system and we are giving people subsidized food grain, we're actually incentivizing them to consume a lot more of it than they would otherwise use out of their own free will.

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