Three systems of governance have been followed in the world recently. Capitalism, Communism & Dictatorship. Dictatorship is the rule by one person or family, which means the governance will b based on whims of a person or falimy and hence this would b a useless system.
Capitalism and Communism both have some good and bad points. A system should b developed combining good factors of both systems. Developed capitalist countries have already adopted some communistic ideas, such as unemployment dole, free health service, benefits for the old etc. Similarly, Communist China started adopting Capitalism in industry in 1979. I was in China last yr for 15 days, but I could not understand its policy. Communist Party is the only party in the country and it is ruling there. Still big companies r in public sector, but probably there is no state control over them. There were newspaper reports (read in flight) that relatives of communist leaders r getting many lucrative projects.
Development just for the sake of it is also useless. GNP as the meter for growth needs to b replaced by Happiness Index. Happiness of people in developed countries has not at all incresed during last 50 yrs, it has even decreased slightly. Once basic needs get fulfilled, money does not increase happiness on a permanent basis. See the fight between Ambani brothers. Is the mother of richest persons in India happy? But we r polluting air and water in the name of development, resulting in global warming. Stop it.
