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→You seem confused - perhaps I have not understood you...: new section
(The preamble of the Indian constitution defines India as a sovereign, socialist, secular, democratic republic.)
(The preamble of the Indian constitution defines India as a sovereign, socialist, secular, democratic republic.)
== You seem confused - perhaps I have not understood you... ==
It seems that the article maintains that Socialism is a bad thing - however the current economic conditions whereby the banks and big business (i.e. GM) is maintained by a nationalized system of state ownership. This means that the article maintains socialism is a bad thing only insofar as it does not benefit the 'meek' but only the wealthy and greedy. The previous Conservative Government even set in motion policies to protect inefficient companies such as General Motors on the principle that the markets were best served by the long-term initiatives of the state - wholly outside of the free market capitalist economics, which this site professes to support.
Most of the Conservative right seems to advocate that Wall Street is negative however the whole body of the economic system is based on the speculative risk taking economic practice, which supposedly is wholly different and not dependent on the 'real economy’ that is symbiotic with it. In essence the article contradicts itself - on one hand advocating minimal government involvement and absolute faith in the free market whilst slamming down the 'socialist' economic practice it ultimately has to turn to at some level when this fails. The fallacy exists not in socialist dogma, but in the belief that capitalism works despite clear signs that it does not and repeatedly so in the past.
We can simply look today that despite superpower status, the notable decline in US power next to China - a planned economy with limited market freedom, and this is being felt worldwide. The colossal national debts suggest that capitalism is anything but efficient and very far from a utopian ideal which much of the conservative line paints.
I'm curious to know what your opinions are, or are it possible I have been mislead, or vice versa?--[[User:Sycamore|Sycamore]] 12:26, 1 September 2010 (EDT)