Sep 12, 2016 - Bengal part of Patanjali's Rs 50000cr vision

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from TradeBriefs FMCG Daily Newsletter

Sree Vijaykumar

From the Editor's Desk
Is economic inequality a problem to be solved? The difference between CEO salaries and median wages has been a topic of recent debate. Rising economic inequality is also increasingly an election issue around the world. Perhaps a more nuanced look at the problem is required. While we certainly need less rent-seeking (monopolistic) behaviour and we don't need private sector losses being financed by taxpayer money, we certainly need innovators to be rewarded by the market for their initiative and efforts; especially innovation that moves humanity forward. We also need to give every citizen a fair shot to get out of poverty and pursue their dreams, i.e. create a level playing field. This means more investment in public goods like education and infrastructure, and less corruption. Perhaps, the problem needs to be rephrased to that of providing equal opportunity, rather than ending economic inequality.

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