Asia Needs a Dose of Thatcherism

Asia Needs a Dose of Thatcherism

Many nations wrongly assume that citizens are prepared to live with substandard utilities as long as they keep forcing down prices with state subsidies. But people care about more than price. It is my experience that people are willing to pay competitive prices for quality utilities and move away from subsidised rates offering poor and inefficient services. It has gone on this way for far too long, and it is time to end the status quo that exists in – and holds back – many parts of Asia. A transparent, coherent, regulatory framework such as Britain’s is the best way to go – because it allows all the people to put forward their concerns publicly. They are debated openly, and all reports and publications are available to the public.

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