ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Portrait of a Victorian Communist

facts stated in these chapters or the conclusions arrived at on their basis but it is certainly difficult to comprehend what specific remedial action the author has in mind when he states that "as regards the actual situation in India what was needed was the encouragement of enterprise and adequate scale of organisation combined with a programme of sharing concentrated power and of discouraging concentration of wraith and income" (p 197). And again, "the system of industrial licensing when devised well and administered well may serve the purpose of maintaining a semblance of competition within particular industries by restricting the entry of large houses and concerns and facilitating in a limited way the entry of new intending entrepreneurs by speedy grant of licence" (p 211). It is precisely such vacuous statements that have been the bane of Plan objectives and public policies in this -country.

Concentration of Economic Power

facts stated in these chapters or the conclusions arrived at on their basis but it is certainly difficult to comprehend what specific remedial action the author has in mind when he states that "as regards the actual situation in India what was needed was the encouragement of enterprise and adequate scale of organisation combined with a programme of sharing concentrated power and of discouraging concentration of wraith and income" (p 197). And again, "the system of industrial licensing when devised well and administered well may serve the purpose of maintaining a semblance of competition within particular industries by restricting the entry of large houses and concerns and facilitating in a limited way the entry of new intending entrepreneurs by speedy grant of licence" (p 211). It is precisely such vacuous statements that have been the bane of Plan objectives and public policies in this -country.
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