Part of accountability is the possibility for failure and the associated consequences. PSUs have no fear of failure, since they're fundamentally parasitic, living as they are on the tax receipts of the beleaguered middle class. Private industry either increases efficiency to the point of profit, or goes under, simple as. Show me the incentive, and I'll show you the results!

Of course, if there is complete government capture by industry, then there is no more risk of failure, and you have privatized PSUs. But let's say this, from 1947-1991, India traded the British for the IAS. Hardly much of an improvement. The only way to reduce their power is to transfer it to the private sector, outside of areas where the utility of the activity is all externality (e.g. defense, scientific research). We have to move in this direction or risk returning to the License Raj era. Perhaps this will create more problems, but at least our children won't curse us for leaving them with our parents' problems.

The problem with Indian institutions is that they are far too powerful, centralized and bureaucratic. Just read the article - the problem was created by a lazy, corrupt, powerful and centralized bureaucratic system. The solution was to dismantle it and decentralize power.

But you should also acknowledge that national electrical reform was done by BJP. The real problem for Indian politics was the re-entry of the Gandhi nepo-baby dynasty. We would be a lot better off if they hadn't gotten their claws back into the INC.

Anyway, I think it's reasonable to be suspicious of the wealthy and powerful. For instance, I personally quite dislike our new AI ruling class. But unfortunately, in India there was an attitude since independence that it is impossible to generate wealth in a legitimate manner. Which is going way too far! And has predictably bad outcomes for the country.

Part of my comment addressed that. It's rather amusing that you completely skipped the first part, but I think that's par for the course for the Internet rationalist crowd.

The only outcome where we get swirlies is the first one, and we can take solace in the fact that all of humanity is getting swirlied with us.

If the supercomputing project dies because of this, yellow journalists like 404 media have scientific blood on their hands.