One question faces India today. What should be the driving force for development - the capitalism or the socialism?
India is big country and a big section of population is still struggling for basic amenities. There is need of rapid development as well as availability of basic amenities at affordable prices. In this scenario if the situation is left totally on market and let the corporates decide the fate then there is risk of market manipulation. On the other hand a complete socialist model may not yield desired result of development. It is not desirable for any government to run the business.
So what is the right way forward. There is one solution which can help in harmonizing both factors and yield desired results.
Public Utility Service Commission PUSC
We can have autonomous PUSC bodies for various public utilities. For example :
- Electricity
- Water and Sewerage
- Roads
- Telecommunication
- Petrol and Diesel
- Food material
- Healthcare
- Education
These commissions will do the macro management. Being autonomous these will work in more swift and result oriented manner. In addition free from all political compulsions these bodies can take care of all sections of society on the basis of actual need and availability. The corporates will play their part under supervision of these bodies in a fair, transparent, accountable and level playing manner. The supervision of PUSC and the market factors then will balance each other to give best results in efficient manner.
India needs harmony of socialism and capitalism. We must understand capital has no value without development ready population and vice versa. Both needs to nourish each other instead of exploiting each other. The harmony and balance is the key forward. This will give real development of entire population as well as will give big business growth.
India is big country and a big section of population is still struggling for basic amenities. There is need of rapid development as well as availability of basic amenities at affordable prices. In this scenario if the situation is left totally on market and let the corporates decide the fate then there is risk of market manipulation. On the other hand a complete socialist model may not yield desired result of development. It is not desirable for any government to run the business.
So what is the right way forward. There is one solution which can help in harmonizing both factors and yield desired results.
Public Utility Service Commission PUSC
We can have autonomous PUSC bodies for various public utilities. For example :
- Electricity
- Water and Sewerage
- Roads
- Telecommunication
- Petrol and Diesel
- Food material
- Healthcare
- Education
These commissions will do the macro management. Being autonomous these will work in more swift and result oriented manner. In addition free from all political compulsions these bodies can take care of all sections of society on the basis of actual need and availability. The corporates will play their part under supervision of these bodies in a fair, transparent, accountable and level playing manner. The supervision of PUSC and the market factors then will balance each other to give best results in efficient manner.
India needs harmony of socialism and capitalism. We must understand capital has no value without development ready population and vice versa. Both needs to nourish each other instead of exploiting each other. The harmony and balance is the key forward. This will give real development of entire population as well as will give big business growth.
