The controls that have a rightful place in a free economy are those that provide the maximum of assistance with the minimum of interference; controls that regulate and safeguard, not those that regiment and emasculate.
The Swatantra Party rightly believes that the prices should be stabilised. It also promises that there should be a drastic reduction in heavy and reckless taxation and wasteful expenditure.
The genius of Ranade lies in the fact that he used data to substantiate his economic arguments. He used ballpark estimates when data wasn’t easily available.
If we want a decent society our methods must be decent. We cannot create a free and equal society by expropriation, liquidation, lying as the communists claim they can.
Mehta’s advocacy of local self-governance and moderation in politics though had to face challenges from the political extremism of Tilak which demanded “poorna swaraj”.