Economics of Law - The Ayodhya Judgement
THE Lucknow Bench of the Allahabad High Court is to deliver the Ayodhya judgement today. And how much does it cost the Nation? Lakhs of Security personnel have been deployed; hundreds of Air Force Planes will hover over sensitive cities; schools have been closed in Karnataka; Policemen's leave has been cancelled in Maharashtra. Should the tax payer's money be spent like this?
In the seventeenth century, India was the richest country in the world and systematically, we became one of the poorest. Today we are a strong economic force in the world and if we can sustain it for another ten years, we can become an economic super power. But if we waste these years in silly disputes and political squabbles, we will go back by a thousand years.
Let us hope the judgement causes the least economic damage.