Get all your news in one place.
100's of premium titles.
One app.
Start reading
Newslaundry
Newslaundry
National
NL Team

Hafta letters: NL interview problems, Adani coverage, Ravish job offer

Raman sir and Abhinandan, you asked if any country is capitalist/socialist? Well, socialism and capitalism are not mere labels that can be put on countries and then be defended or ridiculed. They are policy frameworks. A policy is as capitalist as it fits in that framework and the laws as capitalist as they reflect those policies. A country is as much capitalist as it implements those laws and a society as much as it abides by them. India is much more capitalist than Venezuela (which makes Newslaundry possible) and Indian laws are much more socialist than Indian society (which makes raids on Newslaundry possible)...Capitalism does not assume people to be rational and fair, it just makes them take responsibility for not being so…

Now, the story of Goldspot being thrown in drains by coke employees I believe is apocryphal, because, if that was true then coke competition was actually profitable for Ramesh Chauhan's business. Each time a coke employee would buy a bottle to throw, a penny would be earned by Mr Chauhan. The true story most probably is that $40 million in 1993 was way more comforting than running a business in a tough competitive environment; the same way Italian entrepreneur Signor Felice Bisleri found Rs 4 lakh to be more comforting and sold Bisleri to Chauhan. None of that is unfair! Other examples you mentioned would need more letters.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.