Socialism in India
What is Socialism in India?
We follow democratic socialism in India. that is achieving socialistic goals in our constitution.
Socialistic Goals for democratic Socialism in India
Article 39 (b)
- Under Article 39 (b) state shall take steps to provide equal distribution of material resources.
Article 39 (c)
- Article 39 (c) states should take a step to reduce the concentration of wealth in fewer hands.
What kind of country India is?
India is a socialist country:
How do we know that?
These two articles ensure that India is a socialist country:
- Article 39 (b) – says material resources such as rivers, animals, wood, mineral resources, etc. should reach everyone.
- Article 39 (c) – Prevents someone from concentrating too much wealth.
This was done so that, the concentration of wealth should not take place with a few alone.
Democratic Socialism In India
What routes India could have taken after Independence to ensure Socialism in India?
FIRST ROUTE OF KARL MARX
- There was a German Philosopher named “Karl Marx”.
- He believes that there should be a society “either poor alike or rich alike”.
- So the solution he brought out is that someone should distribute equally the production among all.
- The state had the power to divide the property among individuals.
- Here, there is a complete nationalization by the state.
SECOND ROUTE OF COMMUNIST STATE
- The Communist countries took the other route such as Russia, France, did Forceful Nationalisation, that is Nationalisation by force.
What route India Took?
- In India, the disparity between rich and poor is huge.
- If the state does not interfere in between, the situation will degrade further.
- In theory, we appreciate Karl Marx’s thoughts, but our way was different.
- We followed Democratic Socialism.
First Example – Zamidari System
- We took excess landforms from Zamindars to prevent the concentration of wealth to them alone
Second Example – Nationalisation of Banks
- Nationalisation of Banks 1969.
- The problem with banks is that the bank’s representatives were giving loans to the people they favor.
- They did not distribute loans for the purpose it meant them to.
DID INDIA FOLLOW COMPLETE NATIONALIZATION?
- But in India, it did not follow Complete Nationalization as in USSR, CHINA
- We followed the Mixed Economy, that is State will keep an eye on the private sector.
- The state-regulated the price of the goods so that everyone can buy the material resources.
HOW WE ENSURED THAT THE CONCENTRATION OF WEALTH DOES NOT TAKE PLACE?
- Tax Collection.
- Land Ceiling.
They did this all to ensure that the concentration of wealth should not take place and everyone should use resources.
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