THE ROAD TO DEMOCRACY: SOCIALISM

Posted: July 4, 2011 in Political Terminology, The NamoLeague Times
Tags: , , , , , , ,

After the amendment in the Indian Constitution in 1976, India was declared a socialist state, along with being sovereign secular democratic republic. Being a socialist state, India implies social and economic equality. Social equality means that there cannot be any discrimination based on caste, creed, color, sex, language or religion. Every citizen has equal rights, status and opportunities. Whereas, economic equality means that the Government will strive for equal distribution of wealth and provide a decent standard of living for all.

The theory of socialism advocates common ownership and cooperative management of the means of production and allocation of resources. It is an economic and political system in which the production and distribution of goods are controlled substantially by the Government rather than the private players.

There are different types of socialist states. Some do not tolerate capitalism at all, while some allow it as far as the Government maintains its dominance. It is interesting to note that all communists are socialists, but all socialists are not communists. The term socialist state differs as defined by various theories. According to Marxism, a socialist state is a state that has abolished capitalism and is moving towards communism. But, there are some countries, including India that use the term ‘socialist’ in their Constitution without claiming to follow communism or any of its derivatives.

India has adopted a socialistic and mixed economy and the Government has framed many laws to achieve the aim. Because there are several branches of socialism, the view has been so-far-unsuccessfully challenged since 1994 in the many courts in India.

Read original article at: http://epaper.namoleague.com/EpaperArticle.aspx?title=THE%20ROAD%20TO%20DEMOCRACY:%20SOCIALISM_282

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