Interesting conversation.
More interesting is the subject of socialism, which seems to be an area of great prejudice. There is a belief that "left" cannot bring prosperity. All I can say is that this is not true. It is capitalist propaganda. There is no school of thought that aims for lack of prosperity. This can be seen for yourself if you try to examine how you "know" socialism will not bring prosperity. What is the data you have? In most cases, there is no data, but influential opinions presented as hep. "The moneyed crowd know how money is made and they sneer at socialism"This basically has cold war roots, when socialism was used as one label against Russia. Yet, it was Russia that was the threat to US, not another capitalist country. US remains one of the few countries in the world to not be socialist, which is how they manufacture and propagate this bullshit. Coincidentally, it also helps their MNCs MINT MONEY in other countries. What a surprise! Yet US provides extensive social security and is now facing unrest as it gets slashed.
Lacking laws to protect people, capitalism would find it efficient to kill off old people to save resources. This is an extreme example - most countries have laws against murder. However, there are many less obvious ways to destroy people that are increasingly tolerated in the great GDP chase, but those who sing the virtues of capitalism rarely stop to think if their country has the robust laws it would take to protect people in a jungle raj where whatever wins is allowed to take it all. What about the rest?
The success stories of capitalism are well published. Less spoken of is the fact that crony capitalism and imperialism is the only way capitalism can be, because capitalism has no ethics beyond what environment it must obey to be allowed to operate and it has no ethics that prevent it using its power to game the rules either. Corporate Social Responsibility - a concept manufactured to artificially introduce some sense of the prosperity not being one way, when it became obvious that the supposed welfare of all was not happening and people would reject loot. World Bank - the entity that imposed capitalism on every country it could hold hostage by its needs - has stopped mentioning the trickle down effect completely (about a decade ago) and in fact has raised the alarm on unchecked power being concentrated in the hands of a few a time or two.
The US, slashing social welfare because of budget constraints needed less than a week to come up with a trillion dollar bailout for the banks. In "pure" capitalism, the banks would be allowed to fall, indeed dragged to courts for wrecking world economy, but in reality, CEOs took home million dollar bonuses. "Pure" capitalism was impossible. Too many things would collapse in the one way money vaccuum created. People further below in the ladder of loot would make angry noises and perhaps topple governments rather than lose their goodies.
We are outraged by govt scams, but ignore that corporations are usually their partners in it. But corporations being exempt from RTI manage to keep peddling their "efficient" image. Ambanis are so publicly known as corrupt it is not funny, yet no one will touch a hair on their head. They control electricity, phones and gas for millions.
There is a need for India to look beyond the brainwash and actually seek concrete reasons for supporting or rejecting something. You may still dislike socialism and think it is some kind of Darwinism for those too poor to live to die or perhaps your data shows something different from what I see, and you think capitalism will bring prosperity for all, but you should know why you choose what you choose based on concrete facts rather than falling for the "repeat something enough and it becomes true" formula. Use data, use case studies, use surveys, analyze patterns, be your own auditor and skeptically look at everything before investing your support. Decide for yourself.
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