Communists lead villain on inflation front
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Posts
Why is India an undeveloped country?
Continuing from my earlier post I wanted to answer one more question which I strongly feel about. Why is India an undeveloped country even 50 years into Independence? At the time of our independence it was well accepted that for all of our misery,famines and poverty the British rule was responsible. As a consequence we developed a fear for all things foreign ( Xenophobia ). We adopted a policy which aimed at self reliance. Our exports which at the time of independence were 4.5% of world share dropped to .1 % in late 80’s. Gradually the standards of our industry had dropped to below world standards and even if we were to export our products were just not at par with other countries. All this time the government was sitting on its laurels of having made India a self reliant country in agriculture but it had all this time neglected education. This meant that many more generations even after independence will still be illiterate. Another fact in India being undeveloped has been our long he...
Why socialism sucks?
Recently I was reading a book called India Unbound by Gurcharan Das .It really hit me hard when I learned some blunders committed by our great leaders .These blunders have left us backward even 50 years into independence. I was always skeptical about the so called socialism practiced by communists. But the book really reinforces my belief that it was one of the major reasons for our backwardness. Nehru after independence had adopted a mix economy design where capitalism and communism would coexist. But it really was a flawed design. It is well said that when an individual fails the whole family fails but when a leader fails the whole nation fails. Later is the case with us. Socialism means equality for all. But what equality is it talking about. Equality of oppurtuninty? The answer is big no. It talked about equality in terms of our living standards, how much we earn when we grow. Let us take a simple example of this flawed theory. Two people are born at the same time. In a socialist ...