Capitalism in world and in INDIA

                         ''Capitalism is socialism for rich ''  - Baraq Obama

                   Common people get alienated from the product manufactured , the process of production and com-modification of people takes place as they are paid according to working hour . An economic condition where possession and ownership of resources are in private hand is called Capitalism . The word 'Capitalism' is synthesis of  'capital' and 'ism' , where former means large sum of money and later being suffix used to led upon a behavior and attitude . So, both together mean for generation of capital by capital .

                     Introduction of Capitalism to the world held in late 18th century , when people wanted to get away with the taxation policy of Church in England . Even the King was not happy with the behavior of Church . People started investing money where they could hide away with their wealth . Like people rather started trading than buying foods and gold . Agriculture revolution , followed by industrial one , came with the boom in process of production , and capitalism started .

                     In mid-1900s , Carl Marx coined this term . He coined it , not to flourish Capitalism but to wipe it out . He remarked it as the exploitation of labor class , associated it with business class and people near to State  . To counter this phenomenon he introduced new economic formula , based on the well-being of labor class i.e., Socialism .

                      Despite many revolution against Capitalism , it continuously flourished day by day . Even many time , it led food crisis and hyper - inflation , but it's spread did not stop .

                      Capitalism got new pace with the introduction of railway and steam engine . Industrial Revolution in India , Pakistan and in many middle - east countries , happened due to Capitalism . Global economic development went on new high . People wanted to accumulate more and more money , so they attracted towards it .


                       Money is believed as a medium to exchange and a tool to get rid of barter . That means , if you produce then you have a product , just exchange that product with money and again exchange those money with those product that you desire . It means , you have to produce something , but it got inverted in capitalism .i.e., you borrow some capital , produce or buy some product and then generate  some more capital by selling those products . You can use any 'services' instead of product . So , ultimately the person with capital becomes more important . If one have enough capital and is not desired to produce , still he has to generate more capital . Meaning thereby , process of generating capital does not stop in Capitalism , it has cyclical way to move around .

picture credit- capitalism first

                         India has seen some of the above explained phenomena of capitalism from the beginning of it's civilization . Because , people had have to borrow from richer one , in remote past . But when we see other aspects of capitalism , like alienation from the production and processing . It came only after the introduction of colonialism in India . Before that Indian economy was vastly based on small enterprises .


                          During colonization , farmers were given money to produce Indigo and Tea . Small level Textile Industries got destroy , because cheap and best goods began to come from industrial entities .i.e., France , Portuguese and UK . Drought and famines in several region of India became prominent .


                          So, introduction of west led capitalism was somehow harmful for India and Indians . But on global level , it was about being ambiguous . Because on one hand , poverty was decreased with time but on the other hand the capital share of top 1 % people increased continuously . Same thing happened in India too .


                           After Independence , condition was distressful and capitalism was understood even more distressful . But LPG (liberal..........i..........ation)  pulled it to favorable one . Mass production , numerous job creation , capital formation , industrialization took palace , India became the hub of service sector . And all this became the reason , for the hyper-increased population , to depend on . India set strong foundation to be developed .

                           But with benefits , the corruption also increased . Apart from corruption , the thought and imagination of common people was captured , as the Industrialist invested in Media - enterprises . They dragged the democracy as their desire . Once Dhiru Ambani said that 100 MPs were in his pocket .

                           Currently , there are almost 30 people in the list of top 100 most rich people of world . But still India is believed one of the poor country . Despite being on of the largest economy , India has to borrow money from World Bank and other such entity , for infrastructural development , education and health care services . This can be overturned , if we manage to get rid of policy- paralysis .

                           Because policies have been being made in such a way that industrialist can be benefited .  Industrialist  make chunks in terms of profit , but they are 'new poor' of country and government not only give them loans but also intended for their loan waiving . On the other hand farmer hardly get such benefits .

                           India has also problem with the Capitalism outside country . Because large population is seen as lucrative market . Besides that boundary disputes with it's neighbor , bounds India for large expenditure on security and purchase related to it . And hardly any security purchase gets completed without middle-man , brokerage , corruption and all that . In the long run run , India seems to be trapped in such a way that it will never be free from Capitalism .


                           Because trusteeship idea of Gandhi has been ignored and India is far away from what Scandinavian Nation have achieved .i.e., nice mixture of Capitalism and Socialism .

                           Education has become a new form to form capital . Although , it started with the introduction of Missionaries but now it has become a general phenomena . According to a research , Indian parents put 30% of their income on educating their off-springs . Despite that , India lacks world class institution and mechanism .

                           Since , anywhere in the world , there is no free lunch but there are the way to use resources to it's optimum level . India has largest working force in the world , but around 90 % of it , is unskilled  . Unorganized sector are being overflowed by these unskilled labor .


                           Recent development and policies have shown a way where India can compete to others . Plinking over Global Innovation Index and effort to create world class education system can uproot the problem .'Skill , Startup , Make' in India is amalgamated first time .  Along with it when reports say that poverty is decreasing and new capital distribution is going to make India toward the 'road not taken' . Along with service sector , India soon will be manufacturing hub . Socialism of education through cheap data-services has managed way to create new India . So that India can prove that Capitalism is no longer Socialism for rich only .