Entering The Market

Updated: Jul 30 2004, 03:45am hrs
With reference to the interview with Amartya Sen (July 27), I was no more literate in 2004 when I went to buy my car than in 1988. But how come I could bargain better in 2004 than in 1988

I am enjoying the benefits of liberalisation of car markets today not because my education level has gone up since 1988 (I joined the IAS in 1983) but because I have more choices today. I can bargain today. Do we think our poor are not intelligent enough to bargain given the opportunity
The poor are already participating in various markets like health, money, electricity, food, labour, agriculture etc. They are not getting benefits of these markets not because they are illiterate or don’t have good health care, but because of shortages in markets where the poor participate.
The name of the game is to identify reasons for such shortages and remove them. I am sure we have completed studies on rural credit and health sector to show that it is the shortage of service providers which is the cause of these ills. In all cases these shortages are due to ill-conceived social norms or ill-conceived public policies.
— Sunil Porwal, Mumbai

II
Professor Sen seems to be very confused. He doesn’t know what he wants. I could only follow that he wanted basic education and healthcare for all but he didn’t want to condemn Kerala and West Bengal where there is basic education and healthcare but no economic growth. China should be admired but the BJP should be condemned. Is that all for this great Nobel winner I feel disappointed.
D Sharman

III
Professor Sen has consistently been hammering home the point that there is too little government in the provision of health and education.
The UPA government should heed the professor’s views and flesh out the human face of reform.
— Sanatan Raj, Coimbatore


Clarification
In the chart accompanying the story ‘How to make sure you have safe deposits’ (FE of July 28), the rating given to banks refers to their long-term debt.
This has been clearly mentioned at the top of the chart and has also been explained in the accompanying text. It does not in any way reflect on the financial strength of the banks per se.
–– Editor