Skip to main content

Socialism Vs Capitalism

I was discussing sociallism vs capitalism with my father, who is a retired economics professor. Found some interesting facts ... Sharing them ...

Socialism believes in distributing wealth equally. For example: If there is INR 10000 and 10 people in the pool, every one gets INR 1000. Wow, that sounds great in a diversified society like ours. Will this work? My take is NO. Because, the focus is only on sharing the wealth. If every one gets equal share, high acheiver will downgrade himself or herself and low acheivers will still downgrade themselves. This is a chain reaction and will reach a point where you will not have anything to distribute. The opposite side is 'Capitalism' where only the acheiver gets the rewards for his or her efforts.

India adopts hybrid policy of Socialism and Capitalism, where the distribution of wealth happens through public sector enterprises and wealth creation happens through private sectors. The policies will be made in such a way that private sector will be encouraged to create wealth. The efficiency of private sector will create wealth. The income earned through private sector will be diverted to sustain public sector where livelyhood opportunities will be provided to have-nots or less-haves. The income earned through either private or public sector will also be used in welfare programmes for the poor.

Conclusion: Socialism will eventually result in equal distribution of poverty in reality, though the intent is the equal distribution of wealth.
Labels:

Comments

  1. SreeFebruary 21, 2011 at 12:06 PM

    Very well written thought. I totally agree with your POV.
    -Sreedhar

    ReplyDelete

Post a Comment

Thanks for your comments.

Popular posts from this blog

GCP: GAE - Memcache best practices

Memcache is a distributed in-memory data cache in front of or in place of robust persistent storage for some tasks. GAE includes a memory cache service for this purpose. Best practices for using memcache: 1. Handling memcache API failures gracefully; Do not expose errors to the end users 2. Use batching capability of the API when possible 3. Distribute load across your memcache keyspace Use sharding and aggregating for improving performance efficiency. Use TTL (expiration policy) to make sure the memcache does not fill-up indefinitely Use getIdentifiable() and putIfUntouched() for managing the values that may get affected by concurrent updates Use batching (getMulti ("comments", "commented_by") ) to fetch related values together instead of one by one Use graceful error handling
Post a Comment
Read more

Essential GCP services for a new age application

Identity and resource management IAM  Identity aware proxy Resource Manager Stackdriver Monitoring Stackdriver Monitoring: Infrastructure and application monitoring Stackdriver Logging: Centralized logging Stackdriver Error Reporting: Application error reporting Stackdriver Trace: Application performance insights (latency) Stackdriver Debugger: Live production debugging Development management Cloud Deployment Manager: Templated Infrastructure deployment Cloud Console: Web based management console Cloud shell: Browser based terminal/CLI Development tools Cloud SDK: CLI for GCP Container registry: Private container registry Container builder: Build/Package container artifacts Cloud source repository: Hosted private git repository Database services Cloud SQL: Managed MySQL and PostgreSQL Cloud BigTable: HBase compatible non-relational DB Cloud Datastore: Horizontally scalable non-relational (ACID) Cloud Spanner: Horizontally scalable relation...
Post a Comment
Read more

Media distribution platform

Media distribution platforms focus on effective distribution of the media content, predominantly videos. With the increasing demand on enabling the web presence with dynamic video content, the platform adds immense value paving ways for generating revenue. It is not unusual to see the popular content management organizations will expand to provide media distribution services. In simple words, media distribution involves content ingestion, content processing, content categorization, content management, content protection, content distribution, content delivery targeted specifically to content consumption layer. Content ingestion is a process of gathering content from various sources. When acquired from various sources, they need to converted in uniform format to manage it efficiently. For example, news clip recorded on the field can be in raw digital format, or user generated home video uploaded to the system, or Warner brothers new movie made available in the system. Before making the...
Post a Comment
Read more