<i>FYI it was socialism that held back the Indian economy during the 70s and 80s.</i><p>Which is exactly what he says he meant:<p><a href="https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=11072752" rel="nofollow">https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=11072752</a>