DD

Live and let live

[DD @ddevate]

@Memeghnad @SahilRiz @BuzzFeedIndia We can at the least, vote for a guy who says, 'You, the citizen can solve all your problems, and my only job is to get out of the way..'

[DD @ddevate]

India economic reforms as imagined by Claude - Short verdict: enforce property rights, privatise the public sector, ensure uniform labor and tax codes across India. Pretty straightforward stuff. https://t.co/6VV3L5nLPv

[Lee Kuan Yimby @LeeKuanYimby]

Lee Kuan Yew on the Communist threat to Singapore. Sit your ass down and listen to this.

[A S @amarsunkara]

Once a sane person said:

[Creative Deduction @CreativeDeduct]

Britain, 1979. Inflation is rampant, electricity is intermittent, it feels like the whole country is on strike, garbage fills the streets and even the dead go unburied. The British economy is in need of acute open-heart surgery.

By the late 1970s, Britain had become known as the "sick man of Europe." Inflation exceeded 20%, trade unions wielded enormous power, state-owned industries were inefficient and loss making work programmes, and repeated strikes brought much of the country to a standstill. Economic decline seemed inevitable.

That all changed when Margaret Thatcher won the 1979 election. Inspired by economists such as Friedrich Hayek and Milton Friedman, she rejected the post-war consensus that more government was the solution. Instead, she embraced free markets, sound money and individual enterprise. Her government tightened monetary policy to bring inflation under control, privatised state-owned industries, reduced tax rates, deregulated the economy and curbed the power of trade unions following years of industrial unrest.

The reforms came at a cost. Unemployment rose sharply during the early 1980s, and without state subsidies, uncompetitive, traditional industries disappeared forever. The overdue encounter with economic reality had significant social consequences.

But these short-term costs were the inevitable hangover from decades of unsustainable state interference in the economy - a necessary sacrifice to reverse decades of economic decline. By the late 1980s, inflation had fallen dramatically, real wages were growing, economic growth had returned, foreign investment was increasing and London was emerging as one of the world's leading financial centres following the "Big Bang" reforms.

Thatcher’s premiership fundamentally changed the direction of the British economy. Britain transformed itself from the “sick man” to one of the fastest-growing economies in Western Europe. Thatcher’s reign demonstrated that prosperity is created not by expanding the state, but by restoring competition, incentivizing entrepreneurship and allowing free markets to flourish.

[Vivek Raju @vivekraju93]

To enter startup city,
- you first need to do KYC: submit entry form, self-attested physical copies of PAN, GST, Aadhaar, Incorporation certificate in triplicate. Because what if people scam
- you need to submit in person at a desk in startup city, because what if people scam online. If any mistake in form or missing document, come back next day
- After 2 weeks, your application is processed. You get startup city id. You get entry. Because exclusivity.

To get business loan in startup city,
- You apply with startup city id: fill online form, do KYC again with literally same documents. Because bank knows no other process
- But you are eligible for lower cost loan only if business registered address is same state as startup city. Otherwise change registered address to same city and apply again. Because they want to promote state

To get tax rebate in startup city,
- Your startup city id is not enough. You need a special registration tax id. Because tax dept. wants to have more control
- For special registration tax id, do KYC with literally same documents again. Just one additional document required - last 3 years statements. Before tax dept. wants…wait for it…more control
- But you are a startup with only 2 years existence, so you need to email special circumstance request to tax dept. But you don’t hear back from them for 2 months. Because they did create dedicated team for this

To reach startup city,
- you have to travel 47 km outside the current metro city located in middle of nowhere. Because the politicians and bureaucrats involved could find land only there to buy before news of startup city was announced
- you have to travel through 5 interconnecting roads, two of them one-laned and filled with potholes, pass through the main market of three villages and a major sabzi mandi in rush hour. Because easy connectivity wasn’t built because two municipalities couldn’t coordinate and align mutually.

Welcome to startup city 😊

[ilymjsyk @g4na_xo]

abbreviation is such a long word for what it means

[DD @ddevate]

@Anura_Indo Tum bhi shirt pant mat peheno fir

[DD @ddevate]

@magattew Maza agaya 😘

[Magatte Wade @magattew]

Prosperitymaxxing 101:

1. Starting a business should take days, not a cousin in the ministry.

2. Taxes should be simple enough that honest people can pay them without hiring three experts.

3. Energy has to be reliable, affordable, and abundant. No factory, clinic, cold room, or school runs on speeches.

4. Hiring should not feel like adopting a legal problem for life.

5. Property has to be protected, especially from people with connections.

6. Courts should enforce legit contracts fast enough that trust can move beyond family.

7. Trade should move. If every border crossing becomes a punishment, local producers stay local and poor.

8. Government should stop picking winners. Customers are better judges than ministers.

Boring? Maybe.

But this is how countries get rich: ordinary people build, compete, hire, and keep going without begging for permission.

[DD @ddevate]

@TaniaSachdev I just trust and rely on Sagar bhai commentary.

[Abja🇯🇲 @AbjaFCB]

Who won gold here?

[DD @ddevate]

@amarsunkara M a little scared about this guy. So far the promise is socialism pro max

[Handre @Handre]

The government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.
-Murray Rothbard

[Anthony DiGiorgio, DO, MHA @DrDiGiorgio]

This is the ultimate midwit healthcare take.

No, 32 countries have not “figured out” universal healthcare.

The UK has “free” healthcare, and roughly 1 in 3 cancer patients in England still fail to start treatment within 62 days of urgent referral.

Canada has “free” healthcare, and the median wait for neurosurgical treatment is around a year.

Australia has “free” healthcare, and over half the country still buys private insurance despite paying for a public universal system with their taxes.

Switzerland has universal coverage, because residents are required to buy private insurance. There is no government system where benevolent bureaucrats tuck you in at night with a warm blanket and an MRI appointment.

The actual lesson from other wealthy countries is not “they figured it out.”

America’s system has huge problems. Our prices are insane, insurance markets are distorted, and hospital systems are cartelized. Our regulations make care more expensive than it needs to be.

Yet we still guarantee access to even the 8% who don’t have coverage. We give easy routes to qualify for medicaid for those with disabilities.

Pretending the rest of the world solved healthcare because they slapped the word “universal” on a rationing scheme is not analysis.

It is bumper sticker policy for people who think access means having a card in your wallet while you wait a year to see the doctor you need.

[Douglas Carswell🇬🇧🇺🇸 @DouglasCarswell]

There is literally a government agency to stop you

[DD @ddevate]

@magattew @amitvarma curious to know what you think of this lady. P S great show on regulation / deregulation

[DD @ddevate]

India’s 383 Ghost Companies With No Work, No Revenue, Still On The Books https://t.co/GT0VEnauK7

[Donald J. Trump @realDonaldTrump]

The United States has spent EIGHT TRILLION DOLLARS fighting and policing in the Middle East. Thousands of our Great Soldiers have died or been badly wounded. Millions of people have died on the other side. GOING INTO THE MIDDLE EAST IS THE WORST DECISION EVER MADE.....

[DD @ddevate]

@DeveshP33978429 @TheAtulMishra Pehen ke dikhao zara

[ZUBY: @ZubyMusic]

I've travelled to nearly 50 countries and have concluded that governments are typically a poor representation of the general population. Even in supposed democracies.