"Wanton copy of the capitalist model foisted upon the Mother India" and you'd prefer to return India back to the isolationist days of navel gazing socialism? Countries around the world follow, adopt, subscribe to and believe in Capitalism but somehow still maintain standards. The issue of competency and standards has nothing to do with capitalism so in the best traditions of India please stop blaming everyone and everything else for your own shortcomings.
The issues you highlighted about airliners/crews in other countries having 'a bit of a bad day' will be addressed by investigation through the regulatory system. They will then be distributed through to the affected parties so as to maintain a high degree of safety.
Sorry for the rant .....