Private is necessary as it pays for public.

Margaret Thatcher and Ronald Reagan "were inspired by the free market economics of Milton Friedman". "Collectively these ideas are the Theory X of economic reforms -- more market, less government; more private, less public," wrote A Maira. Theory X and Theory Y for management were first proposed by Douglas McGregor in the 1950s. In Theory X every service has a price. So, "Whenever something is priced, those who have the money can buy it. If the resource is scarce, its price is driven higher by those who can pay more, and is no longer affordable for people with lower incomes." We need Theory Y which assumes that "the best things in life do not have a monetary price". "One, the growth of GDP does not matter" as much as "good incomes" and "decent social security". Good incomes can only come if people have jobs and jobs cannot be created if private projects are not being implemented, wrote Prof I Patnaik. The manufacturing sector has to grow to create large numbers of paying jobs but that is not happening. With a sluggish private sector, qualified engineers are unable to find jobs to pay off their student loans. India has a long list of social schemes providing economic security to the poor. A new scheme, called the PM KISAN scheme, which pays Rs 6,000 to farmers, has been added just before elections. However, the government needs to raise taxes to pay for all these schemes and that means a need for creating millions of new jobs. "Two, whether or not Air India is privatized is not as important as whether small enterprises will have access to capital at low cost..." Air India has debts of Rs 550 billion and since it is owned by the government it is a load on the taxpayer and there were no offers the last time the government put it up for sale. The viability of Air India is important because thousands will lose jobs if it is allowed to fail and fares will rise astronomically. About one million seats have disappeared recently due to the collapse of Jet Airways and grounding of Boeing 737 Max jets. Air fares have already risen by 30-45% depending on routes. Eager to avoid a disaster just before elections the government has forced public sector banks, led by the State Bank of India (SBI), to take over Jet Airways but banks have no knowledge of how to run an airline and so the lenders are desperately looking for any private buyer to take it off their hands. "Three, making more room for the private sector to deliver public services is not as good as" improving the public sector to "provide better quality education, healthcare and urban services". The government sold 9 toll plazas on our highways to a private company for Rs 96.82 billion to manage its fiscal deficit. And four, "provide workers in all sectors with better and fairer working conditions". With half our workers being self-employed, which means doing something to survive, how are they going to give themselves better working conditions? Portions depend on the size of the cake. We must grow the cake first.