India's New Farming Laws Provoke Unrest
Updated: Apr 7
Azimuth Advisor Aseem Prakash and colleague Nives Dolsak wrote in Forbes.com on December 20, 2020 that new laws pushed through the Indian parliament appear to favor large farming corporations, leading to political unrest.
As Prakash and Dolsak explained, "Farmers view these laws as laying the groundwork for big corporations to takeover the farming sector. For them, markets are rigged and do not allow them to negotiate as equals with big firms. Hence, farmers prefer sticking with the inefficient, but reliable government-led purchasing system, instead of embracing a more 'efficient' laissez-faire model."
Prakash is a professor at the University of Washington, where he directors the Center for Environmental Politics. He is a regular Forbes contributor on issues of sustainability and is Azimuth Advisor for Environmental Regulation, Corporate Governance and Research Methods.