Episode 118: Zombie Firms and Creative Destruction

The Indian economy has the seeds of a horror film, with zombies stalking the landscape. Air India is one. Jet could have been another had it been rescued. Economist Ajay Shah joins Amit Varma in episode 118 of The Seen and the Unseen to explain the importance of creative destruction, and why failing firms should be allowed to die. Also discussed: price controls and market failure.

Do check out:
1. Making Sense of Airline Troubles — Ajay Shah
2. Lessons from the RCom Mess — Ajay Shah
3. A Great Churning — Ajay Shah
4. Bankruptcy Process and the Utilisation of Assets — Ajay Shah
5. Using the Bankruptcy Code for Privatisation — Ajay Shah
6. What Happens to Private Airlines When Air India is Privatised? — Ajay Shah
7. The Price is Right — Amit Varma