First Five year plan which gave importance to Agriculture,generated hopes in Indian villages. Lack of Land Reforms due to wrong judgements based on property as a fundamental right slowed down a complete transformation, which impediment was removed by amendment to Constitution deleting property as a fundamental right. India successfully implemented a green revolution but except in Kerala no equitable distribution of agriculture land which is the means to production took place. Even in Kerala follow up action to avoid fragmentation and modernise agriculture was obstructed by dogmatic approach. Thus in Industrial production and in agricultural production the role of workman as an essential element along with capital and means to production got ignored. The paddy fields taken as surplus land from Murukkan the “Lake Lord” finally went to a resort owner multi billionaire thanks to a CPM MlA belonging to VS group.After the death of Mrs. Indira Gandhi there was no governance in India. Rajiv Gandhi was stabbed behind by V.P. Sing to lead a chaos not only in Congress but in the nation. The fiscal health deteriorated to the fathoms that no world financial Institution was prepared to give loans. Chandrasekhar who managed a political sabotage had to pledge reserved gold storage to cling on to power for a few months. Nara Simha Rao who got advantage of the tragedy of Rajiv indulged in corruption and for survival surrendered Indian economy to moribund world capitalism. Dr.Man Mohan Sing a former World Bank Officer was given full authority to decide about Planning and Finance. Dr. Man Mohan Sing with epithet liberalization destroyed the Socialist foundation. Trusteeship principle of Mahatma Gandhi and the mixed economy proposed by Subhash Chandra Bose, implemented by Nehru through genius like Mahbalanos in which Private and Public sector had equal importance, was replaced by capitalism. After Rao a complete comedy of errors enacted by clowns like Deva Gowda, Seetha Ram Kesari drove Indian economy to shambles. Vajpayeeji had no time to rule because all his time was consumed by bickering s of coalition partners especially by the Theen Deviyam Jaya Lalitha, Mamtha and Maya vathi. Dr. Man Mohan Sing was active at that time also and the capitalist exploitation progressed with the Company of Mr. Arun Shouri, Minister who also was a former employee of World Bank. Almost all public sectors including Kovalam Palace were sold out. People voted out BJP, but Dr. Man Mohan Sing and his liberalisation came back. Since Independence, for the first time starvation deaths and suicide by poor farmers occurred. It was under such circumstaces that the voters defeated Congress. But except for the turban adorning the Sardars head there is no difference between Modi regime and the previous one . When farmers in Maha Rashtra and VayaNad in Kerala committed suicide the growth percentage in Agriculture was above 5%. The reason for this malady is the accumulation of wealth in a few as pointed out by Thomas Pikketty in his book Capital in the Twenty-First Century.which reads :- Capitalism, untrammelled, produces more and more intense forms of inequality”. Piketty calls this the internal contradiction of capitalism, which sounds a lot like Karl Marx. Piketty doesnt deny the connection, although by no means could he be considered a Marxist. Like everyone who lived through the fall of the Berlin Wall, Piketty is under no illusions about the virtues of communism—there are none. No possible regime of inequality under capitalism would be worse than totalitarian state control. That is why in 2004 Congress which replaced Seetha Ram Kesari and projected widow in Nehru Family was voted as the largest single Party not as installation of dynastic rule but as a symbol of Socialist legacy. And when in 10 years crass capitalism and concomitant corruption by Man Mohan Singh regime, exposed Congress treachery, as choice of evil, Modi was brought in. The poor millions in India could only be salvaged by Gandhian Socialism where western capitalism resulting in inequalities will end. Will the Congress at least now realise the truth or continue Man Mohanomics which is only a synonym of Capitalism now eulogised as Modinomics? Will it realise that the tendency observed by Kuznets in the early 1950s is not necessarily a product of deep economic forces? Will it accept the Piketty’s view, backed by centuries of data on wealth and economic growth, the typical outcome of unfettered capitalism is rising income inequality. conservative economic theory of trickle-down economics, or the belief that a rising tide lifts all boats was only a temporary post wars phenomenon”.?
Posted on: Sat, 01 Nov 2014 12:38:55 +0000
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