Here I find that most of the mails r hate commie type.
Capitalism & Communism r two different systems. Both hv their pros and cons. None of them is perfect in real life.
Capitalism is good as it encourages competition and personal reward for achievements. But in reality there is no fair competition, bcz of personal reward combined with greed and selfishness. See even Ambani brothers don't see eye to eye and blame each other accusing of malpractices, though their father was instrumental in raising the Ambani empire.
Communism on the other hand is good as it promises equal opportunity for all without discrimination on the basis of religion, caste, economic condition of the individual etc. But it creates lethargy as there is no competition. Moreover again due to selfishness and greed of the Communist leaders, their is discrimination in favour of the leaders and their families.
Hence a combination of these two systems with best of the two systems is desirable.
Developed countries hv adopted many communist ideas like unemployment dole, free health and education etc. in their own countries after they saw the threat of communism looming large on the borders.
China, though still a communist country has allowed capitalism in the industry thereby introducing competition. I was in China last yr on a business tour of a fortnight tour and found that almost all of the big industries r in public sector. But there r many new private sector companies.
RE:Capitalism & Communism
by K Srikrishna on Jul 03, 2008 06:10 PM Permalink
Thats what my friend, Socialism was followed by Nehru which is combination of Capitalism and Communism. But its not effectively carriedout afterwards................
RE:Capitalism & Communism
by Closo on Jul 03, 2008 05:50 PM Permalink
You are right Ram, Communism, capitalism etc do not matte much, we need a universal nism which is "HUMANISM"
RE:Capitalism & Communism
by prabhat mohanty on Jul 03, 2008 06:41 PM Permalink
- The middle ground was called "Socialism". And practiced it in its initial years of development.
RE:Capitalism & Communism
by Good_man on Jul 03, 2008 10:09 PM Permalink
Ram Sharma has started a significant thread. We have to know this “NO SYSTEM IS IMMUTABLE” In market economy, COMPETITION must benefit the consumer. System however, grows clever by each minute. Take for example the telecom sector. The 'plans' offered by various players are nothing but a determined effort to confuse the customer. Competitors here collectively are able to squeeze hell out of the customer. Communists, in name of 'proletariatism', penalized the very own people for whose benefit they erected the elaborate system that disallowed any scrutiny. Today, corporate world hides behind elaborately designed 'customer care' and 'electronic response' systems. There is no way a deceived customer can redress grievances. Deception is in small doses, but on continuous basis. It is in form of shameless undeclared levies and penalties which is many times more than declared almost alluring tariffs. Unlike communist system which took away liberties violently, the new capitalist system has entire populations held by ‘invisible’ leashes. So if you thought Information Technology will liberate average citizen and bring prosperity to masses, the mighty muscles controlling the 'software' and ‘framework’ development have already decided against such possibility. What is the remedy? It may only lie in defining TOTALLY NEW SYSTEMS, with determination to serve the interest of all of ~10 billion human beings, while simultaneously preserving
