Dangers of Privatization | POLITAKES PODCAST | Ep2 |ft. Dr R Ramakumar

Join this channel to get access to perks:    / @reductiomalayalam   Support us on Patreon:   / reductiomalayalam   Listen on spotify: https://open.spotify.com/show/5D7vaIB... 00:00 – Introduction: Narratives around Privatization and Efficiency. 01:06 – Meet Dr. R Ram Kumar: Background in Economics and Policy. 03:01 – The Origins: Why Indian Capitalists originally asked for a Public Sector (The Bombay Plan). 06:34 – Economic Theory: Understanding "Market Failure" and "Public Goods." 09:51 – The Insurance Industry: Why Public Investment is crucial (Moral Hazard & Adverse Selection). 12:13 – Law of Diminishing Returns vs. Reality in Industrial Production. 14:17 – National Sovereignty: The Role of Self-Reliance (Example: Green Revolution). 16:27 – The Global Shift: Neoliberalism and the Political Project of Privatization. 19:00 – Healthcare Debate: Analyzing the shift toward Insurance-based models. 20:50 – Global Healthcare Models: UK’s NHS (Public) vs. US Model (Private). 24:48 – The Indian Context: The Bhore Committee and Healthcare Disparities. 27:59 – Impact on Kerala: Public Health Systems vs. Corporate Hospital Interests. 31:35 – The Business of Health: Patients as "Revenue Units" in Corporate Models. 37:22 – Pro-Market vs. Pro-Business: The rise of "Crony Capitalism." 41:36 – The Failure of US Insurance: Bill Clinton and Barack Obama's attempts at reform. 43:44 – Neoliberalism in India: Comparing Congress and BJP Economic Policies. 46:04 – Debunking "Nehruvian Socialism": A State-Led Capitalist Structure. 48:18 – Manufacturing Consent: How Public Entities are intentionally "Starved" and "Demonized" before Privatization. 50:01 – Case Study: BSNL, MTNL, and the 4G/5G licensing delay. 55:00 – Global Examples: Privatization failures in British Rail and Latin American Water Systems. 59:08 – The Managed Decline of Indian Railways and Electricity Sector (Enron Case). 1:04:16 – Entrepreneurship & Innovation: How the State (not Private Sector) funded the Internet, GPS, and Siri. 1:11:00 – Conclusion: "Privatize the Profit, Socialize the Loss" and the role of the Left. Follow us: Podcast: https://open.spotify.com/show/5D7vaIB... Facebook Group:   / 490016565555136   Instagram:   / reductio_   Blog: https://reductio.blog/ Discord:   / discord