I too have had the same change of views. I was a free-market absolutist.
This phenomenon of Woke Capitalism, which took root post the 2007-08 US financial crisis changed my views. @AlexeiArora had been one of the earliest voices warning us.
This phenomenon of Woke Capitalism, which took root post the 2007-08 US financial crisis changed my views. @AlexeiArora had been one of the earliest voices warning us.
Woke Capitalism is a way through which the bourgeoisie retain their power by changing focus from economic differences on to race (or caste in Indian context), gender, sexuality.
The economically weaker proletariat is suppressed as white trash (or sanghi).
The economically weaker proletariat is suppressed as white trash (or sanghi).
The end goal is a big power grab by the elite business class.
Capitalism today re-morphing into mercantilism and it is the "Return of the East India Company" as @RajivMessage puts it.
Capitalism today re-morphing into mercantilism and it is the "Return of the East India Company" as @RajivMessage puts it.
Also @VivekGRamaswamy has been writing & speaking about this Woke Capitalism phenomenon. His solution is to go back to "true meritocratic capitalism", like it was in the US till the 2000s.
But the problem with that is, it is this very thing which led to Woke Capitalism.
But the problem with that is, it is this very thing which led to Woke Capitalism.
The only alternative is State-guided markets/State Capitalism, like in China. This is not Neuhruvian License Raj.
- The State controls key industries
- Lets private corporations to operate, unlike in Nehruvian Socialism
- "Let some people get rich first" as Deng Xiaoping said
- The State controls key industries
- Lets private corporations to operate, unlike in Nehruvian Socialism
- "Let some people get rich first" as Deng Xiaoping said
By the way, this economic model is not something unique to China. Every "Asian Tiger" nation from Singapore to Taiwan to South Korea have used the same model and now even Vietnam is using it.
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