J. R. D. Tata Quote

There is today hardly any country in the world outside the communist bloc which does not have a mixed economy. In fact, even countries which call themselves socialist would object to theirs not being described as a mixed economy, for it would imply that it was a totalitarian one, while countries like Germany or Japan, usually thought of as having typically free enterprise economies, would do the same; for, otherwise, it would imply that theirs was a nineteenth century laissez-faire economy.


Address on 'Why a Mixed Economy?' to the Associated Chambers of Commerce and Industry of India, New Delhi, April 4, 1975. - Keynote: Excerpts from his speeches and chairman's statements to shareholders


There is today hardly any country in the world outside the communist bloc which does not have a mixed economy. In fact, even countries which call...

There is today hardly any country in the world outside the communist bloc which does not have a mixed economy. In fact, even countries which call...

There is today hardly any country in the world outside the communist bloc which does not have a mixed economy. In fact, even countries which call...

There is today hardly any country in the world outside the communist bloc which does not have a mixed economy. In fact, even countries which call...