I would like to just pitch in a concise note about Socialism,free market economy and how those policies will impacts India.Socialism is one of the political ideology followed by political parties and India has very badly leaned and derived this failure model from Russia(It was a dictatorship nation once with all centralized/heavy government regulated policies) without understanding how it will benefit to this people of large nation which is a democracy(India),our blunt leaders has unfortunately choose it and for which we are paid heavily in terms of poor infrastructure,corruption,poor health care,extreme poverty,extreme economic inequality etc...
What is Socialism?
"Socialism is an economic system characterized by social ownership and control of the means of production and cooperative management of the economy,and a political philosophy advocating such a system. "Social ownership" may refer to any one of, or a combination of, the following: cooperative enterprises, common ownership, direct public ownership or autonomous state enterprises.They differ in the type of social ownership they advocate, the degree to which they rely on markets versus planning, how management is to be organised within economic enterprises, and state plays vital role in constructing socialism."
Few examples ->Impact of Public ownership(Centralized planning for people welfare-Rs.8000 crore under NREGA in Andhra has not been utilized to preserve and augment groundwater - JP http://bit.ly/HnHryE)
Like wise so many nasty things can be brought out which are numerous because of wrong policies we adopted.
Where as the free market economy is an Eco system.Its an ecosystem in which human beings specialize and create wealth.In this market economy ecosystem,niches are created in which we survive.what ever enters the market economy Eco-system also survives.resources which enter market economy are always in abundance.Just think 70% of earth is made up of water and water is scarce in India,why is it so?
This prompts many to foolishly argue the basic role of state is to provide clean drinking water
to all.Contrast this with petroleum products.the earth possesses very little petroleum products
compared to water.yet petrol and diesel are always available in plently.while there is
scarcity of water.the reason for this is the market. Encourage private players to pitch in and will take care of all those needs through supply and demand with healthy competition.
The currently 65 years adopted socialistic devil's philosophy is it does not allow us view human beings as a resource;indeed the ultimate resource is human being.But clever crooks promote people to think that people are burden(Population explosion), incapable of bettering thier own condtions without state help(A big false statement imposed and made us believe by the selfish state).The truth is quite obverse;its the state that is a very big problem,for it is the state's unthinking policies that are keeping people poor.And not that people become poor because they are unable to think or survive or lack of intellectualism.Hence the natural ability of trade should be allowed freely which will enable people to automatically survive themselves rather nonsense elements poking their state power as if they think they were god to protect the people which is absolute insane.
"No welfare state will take utmost care or will think or consider using the public money as if their own money"
"Socialism are the policies against human prosperity and let us promote free market economy which is for the well being of people prosperity"
Kindly read this and comments are welcome.Also pls do visit the FTI Site http://freedomteam.in/blog/forum