Evaluate the possibility of ‘Nationalisation’ of the rice trade. Will you recommend it?

Question

Evaluate the possibility of ‘Nationalisation’ of the rice trade. Will you recommend it?

Answer 1

No. I will never recommend nationalisation of rice trade. Nationalisation is the face saving policy measures of oppressive political regimes - democratic or otherwise, that puruses foolish economic policies and set up foolish economic institutions. Such national of rice trade will only iincrease corruption and will have adverse effects on the production of rice and its productivity. The corect policy would be make the rice market free, trasparent and as much competitive as possible. Monopoly whetehr of the Govt. or private entrepreneur is always inefficient and evil.