[chrismsnz]

Not sure how that example is indicative of Socialism.

More generally I would say it was interventionist, but very poorly handled. The issue is because they don't know what they're doing, rather than that they are subscribed to a certain style of government.

[mistermumble]

I agree that corruption and incompetence can be found in all nominal styles of government. The labels (socialist, capitalist) are distractions from the unpleasant reality.

That said, I wonder: Are farm subsidies in India that much different than farm subsidies in the US?

US farm subsidies seem to be, pardon the expression, sacred cows, supported (or at least not challenged) by both conservative Republicans and liberal Democrats.

Even though they result in lakes of high-fructose corn syrup, youth obesity (especially among lower-income groups), and high health-related costs to society (especially the uninsured).