Why Communism failed At the outset, let me just say that unchecked Capitalism does not work, leading to monopolies and oligarchies and extreme inequality. It is incumbent on the government to ensure that the economic benefits are distributed fairly and flows (not trickle) to all sections of the population. This needs to be done thru what I call as Welfare Capitalism. Some may call it democratic socialism, but I prefer not to use the word socialism, as many people fear the word Socialism due to constant fear mongering by powerful media and due to varying interpretations. Welfare Capitalism would entail a market economy with: Progressive taxation – the more you earn, higher the tax rate Wealth tax on extreme wealth and Inheritance tax Ensure affordable food, education, housing and healthcare for all. Subsidize as needed Protect workers rights in terms of reasonable work hours, liveable wages etc. Protect environment, consumer rights etc. Now to the ...
Jawaharlal Nehru Jawaharlal Nehru was a freedom fighter, prolific author, philosopher, influential speaker, visionary leader, the first Prime Minister of independent India, the architect of modern democratic India and my favourite leader. Nehru is also fondly remembered as "Chacha Nehru" (Uncle Nehru) due to his immense affection for children, whose birthday (November 14th) is celebrated as Children's Day in India. This is a small tribute to honour the life and work of a truly remarkable leader, and to celebrate his many achievements in the Freedom struggle and in nation building. Freedom Struggle: Active Participation in Freedom struggle: He actively participated in all major movements for independence from British rule, including the: Non-Cooperation Movement (1920-1922) Salt March (Satyagraha) (1930) o Quit India Movement (1942) Advocacy for "Purna Swaraj: As President of the Indian N...