An Indian Socialist FAQ

What do you mean by Capitalism? Were the 1991 reforms responsible for India's increased growth rate? Has the increased growth rate benefited everybody, especially India's poor? What is the reality of China's growth story? What really happened in 1991? What do you mean by Capitalism? Capitalism is an economic system characterized by the existence of a market and private property. According to this, India was a capitalist country before and after the 1991 reforms. De-regulation and privatization are characteristic of a particular kind of Capitalism called a Neoliberal/Free-Market Capitalism, not Capitalism in general. Infact, after World War 2, the most popular form of Capitalism was Keynesian Capitalism characterized by extensive public investment and regulation. This changed around the 1970s when US and UK shifted to neoliberal capitalism under the leadership of Ronald Reagan and Margaret Thatcher. Is free-market capitalism better than keynesian capitalism? No. Does free-ma...

Good Reading Materials: In Conversation With Suvir Kaul About Kashmir's History & Pandit Exodus Class Background: Kashmiri Pandits were a feudal landlord class. Muslims were for the most part illiterate peasants. Government Welfare: Rehabilitation Package for Kashmiri Pandits: Government jobs for KPs: Cash Relief and Monthly Ration: Reservation and Quota for KPs: Government Buildings: Accomodation for KPs: Township and Houses: Source:  https://twitter.com/Gumnaam_Rehnuma/status/1271001829279625216