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    Ep. 23: Public Sector Banks

    Ep. 23: Public Sector Banks

    FromThe Seen and the Unseen - hosted by Amit Varma

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    Ep. 23: Public Sector Banks

    FromThe Seen and the Unseen - hosted by Amit Varma

    ratings:
    Length:
    31 minutes
    Released:
    Jun 19, 2017
    Format:
    Podcast episode

    Description

    In 1969, Indira Gandhi carried out a wave of bank nationalisations with some excellent stated intentions. But what were the Unseen Effects of that? Mumbai-based economist Kumar Anand joins Amit Varma to discuss the structural flaws in the very concept of public sector banks. Follow The Seen and The Unseen: Website: www.seenunseen.in Facebook: https://www.facebook.com/theseenandtheunseen/ You can listen to this show and other awesome shows on the IVM Podcast App on Android: https://goo.gl/tGYdU1 or iOS: https://goo.gl/sZSTU5 You can check out our website at http://www.ivmpodcasts.com/
    Released:
    Jun 19, 2017
    Format:
    Podcast episode

    Titles in the series (100)

    All public policies -- indeed, all actions by humans -- have two kinds of effects: the effects that are intended, and visible; and unintended consequences, which are invisible. The Seen and the Unseen is a podcast that aims to examine both the seen and the unseen effects of our actions. Presented by Amit Varma (a journalist for a decade-and-a-half, and winner of the prestigious Bastiat Prize for journalism in 2007 and 2015 -- the only person to win it twice), the show takes on a specific public policy in every episode, and dissects its seen and unseen effects. For example: the ban on surge pricing by Uber in Delhi. What is seen is that Uber no longer costs so much; what is unseen is that you cannot get an Uber at all, because of the scarcity that is a direct result of the price control. The host explains the economic reasoning at work, and talks to an expert who breaks it down further. The host will have a panel of experts at his disposal, from a variety of disciplines, and will speak to a relevant expert in every episode. Subjects covered will range from broad ones like the state of education in India, to narrower ones like the banning of 'victimless crimes' like prostitution and gambling.