Column : Umpiring’s dirty secrets
What Mr Padmanabhan emphasises, and correctly echoes, is that the economic debate in India is largely couched in patriotic fervour, us versus them, the left versus the right, etc. Reasoned arguments, like the invisible hand, are nowhere to be found. I could not agree more—which is why my column has been titled “No Proof Required” for almost the last decade, and why the previous titles of my column were Looking for Logic, Beyond Logic, etc.
But do the international organisations qualify as umpires, let alone neutral umpires? The short answer is, no. Indeed, let me state that organisations like the ILO and World Bank, along with the UN and OECD, are prime examples of organisations indulging in politically-correct rhetoric, non-logic and suspect evidence. You might consider this assertion a bit extreme if not wrong. But please see the evidence I cite before making your conclusion.
ILO Wage Report 2012-13: According to this popularly tweeted report, “India’s real wages fell 1% between 2008 and
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