Friday, January 1, 2016

Current Trends : "Double-whammy" or "Double-locked"
I believe, the SC ruling on Kerala liquor ban should be taken as "Double-whammy" or "Double-locked" (for want of a suitable coinage!). An important American economist, Irving Fisher, the champion of Prohibition within the profession, organized a round-table discussion on the topic at the American Economic Association meetings in 1927. Here he claimed to have been unable to find even one economist to speak against Prohibition, despite a thorough search. Should we not go for total prohibition? Instead we're pleading for equal opportunity! Is it because women's movements are not strong? Let's forget for a moment on the revenue aspect.
Poor families are ruined by liqour. True, prohibition might tend to drive the trade underground and creates a market for spurious liquor. The political mafias would shift over there! Neither government nor the courts appears to be serious! ior not, let there be law and order and domestic violence should stop.
Only populist decisions impelled by factional politics within parties and campaigns by a section of the clergy on ostensibly moral grounds are available. Alcoholism does critically impact the household budgets of the poor and does lead to domestic violence.

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