Regulation always has the potential to go wrong. But in India, it’s been worse than in much of the world. It has become a tool of oppression of the worst kind.

Welcome to Episode 99 of Everything is Everything, a weekly podcast hosted by Amit Varma and Ajay Shah.

In this episode, Amit talks about the theory of regulation in general — and Ajay delivers a masterclass on how the Indian state turned it into a horror film.

Despite that, the episode begins and ends with good news!

TABLE OF CONTENTS: 00:00 Packaging00:13 Intro: Good News!05:45 Chapter 1: The Theory and History of Regulation22:16 Chapter 2: Getting the Terms Right27:03 Chapter 3: Why Set Up a Regulator?36:14 Chapter 4: Where India Went Wrong46:36 Chapter 5: What is Wrong with the Regulatory State?47:52 Chapter 6: How Can We Fix This?53:52 Chapter 7: The Wonder That Was FSLRC1:01:56 Chapter 8: The Ecosystem of Ideas (and Ideas People)1:18:37 Chapter 9: Recommendations

For full show notes, please ⁠click here⁠.