"The man from past"
Ravikiran's article in Pragati perplexes me. The reasons are twofold. First, I quite like what he writes even though I hardly agree with him on anything. Second the topic of article, economic freedom is quite an important one.
Which is why I fail to understand why he had to begin the article idea with a hackneyed and in this case inaccurate "The man from past" introduction.
Now there is some merit in this as there is a huge difference in production level in most of the commodities prior to Industrial revolution and after it. However I believe mismatch between supply and demand must be as old as beginning of trade*. In fact it could have been more frequent in the past, even if the magnitude was at must smaller scale as any mismatch has to do with imperfect information both of current market as well as in expected future, and since information in the past used to less reliable as well as conveyed at a much slower speed there was more likelihood of mismatch.So I doubt our man from past will be shocked by the specter of queues of unemployed people or that of goods lying unsold.
Then there is the fact that to our visitor from past, if well versed in fiat currency, the present system will hardly seem unimaginable, present system of mortgage backed securities and credit default swaps may be a jump from plain old cash, but it holds nothing to jump from barter based trade to currency backed one.
Even if we ignore the logic and merely concentrate on the structure this introduction doesn't quite flow smoothly into the main topic of economic freedom, rather it impedes the flow and distracting from main point.
Then there is the matter of this introduction being overused to banality, written most of the time just for sake of shock and awe, but on closer look offering no insight. It is my considered opinion that our visitor from past has suffered much famine, pestilence, taxes and absence of computer games, let's spare him the indignity of being an unwilling participant in unimaginative writing.
*Googled for example but couldn't find any, except for this , which really doesn't count.
