Thoughts on economics and liberty

If Marx were still around, he’d agree that India is a communist country

Socialist India currently meets 7 out of the 10 principles laid out in Karl Marx’s Communist Manifesto

“in most advanced countries, the following will be pretty generally applicable.

  1. Abolition of property in land and application of all rents of land to public purposes.

                – In India the fundamental right to property has been abolished

  1. A heavy progressive or graduated income tax.

                – India has an excessively progressive income tax

  1. Abolition of all rights of inheritance.

            – Has been abolished in India in 1985

  1. Confiscation of the property of all emigrants and rebels.

                – Not true

  1. Centralisation of credit in the hands of the state, by means of a national bank with State capital and an exclusive monopoly.

            – Banks were nationalised by Indira Gandhi and continue to remain in government hands.

  1. Centralisation of the means of communication and transport in the hands of the State.

                – Some of this has been partially privatised since 1991 reforms, but much of it remains in government hands

  1. Extension of factories and instruments of production owned by the State; the bringing into cultivation of waste-lands, and the improvement of the soil generally in accordance with a common plan.

                – Massive nationalisation of industry by Nehru and Indira Gandhi. Some has been divested. Much remains in government hands

  1. Equal liability of all to work. Establishment of industrial armies, especially for agriculture.

                – Nehru thought of collective farming but did not proceed.

  1. Combination of agriculture with manufacturing industries; gradual abolition of all the distinction between town and country by a more equable distribution of the populace over the country.

    – Very restrictive urban laws that restrict rural people migrating into cities.

  2. Free education for all children in public schools. Abolition of children’s factory labour in its present form. Combination of education with industrial production, &c, &c.

                – India has attempted this on a mass scale but grossly failed.

 

Sanjeev Sabhlok

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