Monday, September 16, 2019
It is always good to create jobs to take care of an unemployment situation. However, keeping in view a long range objective and prosperity, it is equally important to create incentives for the private sector also to hire more people. Invest in R & D projects managed by private companies. Making bigger government establishments is not going to bring long term prosperity in the state. In my opinion, government involvement means inefficiency, corruption. nepotism and misuse of funds. By no means, I am saying that there should not be any body working for the government enterprises, but government should be slim and trim, just working as an hawk. Government should not be a major hiring house, this task should be given to the private entities, and they can do it when attractive incentives like tax breaks, easy terms and conditions for investment in their business etc. are provided to them. This is a beauty of capitalism - create competition among the private industry. Let them fight it ought to make their own hold in the market. The more competition government helps create, the better off consumer will be
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