Before the deeply socialistic/communistic keyboard warriors in this group collectively lose their mind, let me clarify my remarks.

I am not suggesting that we should drop our pants and bend over and let both Ambani and Adani each take turns to dry hump us rectally without lube.

What we need is a system where 5 to 6 players are competing for your business. Whether it is your internet service providers or the companies that manufacture and sell you cars or whatever.

And it is also not 1 player with extremely deep pockets buying his way into the market with freebies and bankrupting the other 4 to 5 players and forcing them to sell their business to him.

It might sound like fairy tale but it is possible with well thought out regulation that doesn't stifle innovation.

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Now as far as socialism goes. A country like India absolutely needs socialism. And no, by socialism I don't mean giving people 5000 liters of free water every month or 300 units of free current or some bullshit like that. Or subsidizing the living fuck out of whatever the common man needs, enticing all the business people in the country to abandon whatever business they were involved in and setup new businesses in whatever area it is that the government chooses to subsidize thus indirectly crippling multiple industries in a single shot and forcing us to import things that we dearly need.

What we need is direct cash transfer program, where we give directly give economically backwards people money. Not minorities or women or some other way that only benefits a narrow subsection of the society for the sake of winning elections, but all the people who are not able to make ends meet irrespective of their caste, gender, tribe, etc.. And they should be free to choose what they want to do with that money. Be it, pay for electricity or water or doctor's appointment or whatever. Where ever they choose to spend that money though, we have to ensure the companies are competing for their business. Something like this has already been tried in Brazil with great success. Something like this is constantly recommended by prominent academicians, economists from Harvard, Columbia etc.