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Q.

Capitalism vs. Socialism: Which do you prefer?

Asked by anupama kumar, 27 Apr '10 08:01 pm
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Answers (10)

1.

India opened its eyes after Independence to a concept Jawahar Lalal Nehru was promoting. Socialism. It came to be known as Nehruvian Socialism. Till 1991 India was burdenend under the yoke of Nehruvian Socialism. It was an era of Ispector Raj, Licence Raj and import of American Wheat of low quality under PL480. There was progress no devepment to speak off. PSUs were over staffed just to hide un-employment figures. No profit was being made from them. Onl in 1991 when Narsimha Rao became PM and Man Mohan Singh was his FM things began to change. Man Mohan Singh persuaded PV Narsimha Rao that Nehruvian Socialism is not going to deliver, and the eminent economist convinced the PM that an open and free market policy was what India needed the most. Today whatever progress and develoipment you see around you is due to this drastic change in the policy. Now you can decide whether socialism was not the root cause of all the ills that India had to bear due to "Nehruvian Socialism".
Answered by QueSera Sera, 27 Apr '10 08:25 pm

 
  
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2.

I prefer Capitalism with all the aspects with honesty & bribeless which will make our country Develope faster .
Answered by ajay, 27 Apr '10 08:06 pm

 
  
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3.

Don't ignore the middle way between them
Answered by ignoreme, 27 Apr '10 08:03 pm

 
  
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4.

Socialism as it is a political philosophy that encompasses various theories of economic organization based on either public or direct worker ownership.
Answered by Sridhar, 27 Apr '10 08:08 pm

 
  
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5.

Socialism is always better than capitalism.
Answered by Jafar Basha, 27 Apr '10 08:02 pm

 
  
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6.

If i have a choice, i would go for Capitalism
Answered by rajan, 27 Apr '10 08:02 pm

 
  
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7.

Capitalism
Answered by hitler, 27 Apr '10 09:27 pm

 
  
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8.

Socialism
Answered by ILAPAKURTI SATYANARAYANA, 27 Apr '10 09:05 pm

 
  
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9.

Capitalism has its demerits, it has to be pursued with necessary precautions. But socialism and communism are unnatural and unrealistic. It never has worked !
Answered by Shunmugham, 27 Apr '10 08:14 pm

 
  
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10.

A model envisaged by Mrs Indira Gandhi which was a hybrid of the two. Capitalism is not good for a country like India ,where there is a big rift between those who have and those who do not have.
Answered by KARTIKAY SHARMA, 27 Apr '10 08:12 pm

 
  
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