Capitalism, Communism, and Socialism

This small land of ours was very big in the absence of inventions. Gradually as people started to progress and develop. Many ideologies arose over a period of time. In which Capitalism, communism, and Socialism have impacted people’s lives on a large scale. And when I speak Capitalism, I mean America and Europe, and when I say Communism it means china & Russia, and when it comes to socialism its India.

Capitalism believes that what one earns has the right to spend, and in such a system, the government makes rules in which people can earn maximum and improve their standard of living by spending more and more on themselves.  America, Europe, and entire developed world is the finest example of capitalism.

Communism believes that the property of the country is not of any individual. In fact, the property belongs to the whole society and it should be used for the benefit of the whole society. China and old-time Russia are excellent examples of this.

Our socialism stands between capitalism and communism, which is our India.

Growth & Development in different Ideologies

While the USA and Europe achieved a good standard of living in a very long time after a lot of wars and bloodshed, communism did everything in a very short time. But yet Communism has not been able to give its people a quality life. We Socialist India are also on the same path of rapid development but because we are a democracy our pace is very slow.

This whole fight is to give a wonderful life to its people. And to stay there.

Company: the instrument of development

company is the instrument through which this rapid growth could have been possible. global companies provided further impetus to development.

The global company uses raw material from one place and laborer’s from another place, capital of some other place, and produce the product to be sold at different places and finally remit the profit somewhere else.

India and china potential for rapid growth

Because India and China were liberated around 1950 and their progress was very low, the labor here was very cheap. But the movement of the country’s policies was intrinsic and was against the interference of the outside world.

After the Second World War, India was offered a seat in the United Nations Security Council, which India handed over to China. But remember, even after being free, the borders of India and China were not clear and they were dispute regarding boundaries. Around 1950, India and China decide to improve their political relations and put the border disputes backstage for gradual improve itself. But China attacked in 1962 in a bid to prove itself better than India and soured their relationship.

And for about 10 years there was no relationship between the two countries.

liberalization and globalization in china & India

By the 1970s, China had changed its policies and opened up its country to heavy investment and now China was moving towards a manufacturing nation. And it was time to improve the economic relationship between India and China, while political and border disputes went backward. And by the 1990s, India also understood the importance of privatization, liberalization, globalization and opened its economy for outside investment.

What helped China grow at a rapid pace after 1970 and after India’s 1990s was the availability of cheap labor and raw material.

China as a favorable destination

As of 2009, many companies and many countries had invested in China on a large scale due to China’s liberal policy and cheap labor and policies to make themselves manufacturing hubs. But the Great Depression of 2009 had changed the opinion of the countries and many of them now wanted the world to have non-monopoly of the USA in the world and there should have been many multiples in the world and world trade not just to be carried in US dollars but other currencies too are used in world Trade all over the world. And by this time the population of USA had also increased and due to lack of jobs, now they were also demanding indigenization.

China nonresponsible attitude and apathy to other countries during corona

Considering China’s attitude in corona, America and many developed countries does not want China to be the manufacturing hub of the whole world and they want to relocate their manufacturing But China’s incentives are encouraging companies to stop there.

So now these global companies will decide the relationships that will be formed in India, China, and America and all over the world. And in this development battle, only those win who attract the global company to its nation.