Free market fundamentalist (FMF) belief system
Fourth, they allege the strong state to be behind everything that goes wrong in the world, be it a direct result of the weakness of the state or a case of state being overwhelmed by the malevolent private players. If state leaves things alone, they argue, everything will fall in its place.
A case study from Nepal
a. KFC and Pizza Hut enter Nepal with a bang
b. A new Sajha Yatayat emerges from the ruins buried 12 years back
|One of the spacious new Sajha buses. Contrast this with the old,|
cramped and overcrowded public vehicles of private enterpreneurs below
(Photo courtesy: Official site of Sajha Yatayat, published under fair use policy)
|(Photo by Stephen Buros, used for non-advertizing, non-promotional purpose)|
So what do you expect: a set of twisted arguments to justify the monopoly of private cartels in roads? Surprisingly, Shrestha does reasonable soul-searching and goes on to extend the Sajha experience to other sectors where the monopolies thrive making everyday lives of people pathetic. In a somber tone, he writes to this effect: as things evolve, a new exercise appears prudent in relation to the implementation of economic liberalization in Nepal. The lesson to be learnt from the episode is that, whatever the extent of liberalization, the regulatory role of government should not be minimized. He even admits the fact that the public nostalgia in relation to Sajha buses and its soaring popularity go as far as to make us question whether public or state-owned corporations are needed today.