Indian power outages
Media reports tell us that 620 million in India have no power, due to widespread failure of the country's electricity grid. That's half the population of that country--and almost 10% of the world! And we on the East Coast of the US think we have power problems!
For the twenty years or so that I've been following India, the south Asian giant has been touted as being the next big thing for emerging market investors.
- give private industry a reason to invest,
- get out of their way when they do,
- don't retroactively change the laws after the fact, and finally
- act now and don't just pontificate on the subject - Democrats and Republicans alike are guilty as charged.