📌 SOCIALIST
- What Is Socialism?Understanding SocialismOrigins of SocialismSocialism vs. CapitalismBones of ContentionCan a Country Be Both?How Mixed Economies DevelopTransitioning From SocialismPrivatizing a Socialist Economy
What Is Socialism?Understanding SocialismOrigins of SocialismSocialism vs. CapitalismBones of ContentionCan a Country Be Both?How Mixed Economies DevelopTransitioning From SocialismPrivatizing a Socialist Economy
🔸Even before the term was added by the 42nd Amendment in 1976, the Constitution had a socialist content in the form of certain Directive Principles of State Policy. In other words, what was hitherto implicit in the Constitution has now been made explicit.
🔸Moreover, the Congress party itself adopted a resolution 5 to establish a ‘socialistic pattern of society’ in its Avadi session as early as in 1955 and took measures accordingly.
🔸Notably, the Indian brand of socialism is a ‘democratic socialism’ and not a ‘communistic socialism’ (also known as ‘state socialism’) which involves the nationalisation of all means of production and distribution and the abolition of private property.
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