Sunday, August 28, 2005

In search of an ism...

Capitalism is based on human nature - that human response is governed chiefly by incentives.
Communism portrays itself as the means to a "just society" - for welfare.

Can't we find an ism to combine these aspects of capitalism and communism?
Or does the solution lie in the undefined grey area between these two?

3 Value-adds:

Anonymous Anupadmaja said...

Hey Varathkanth,
Just came across your blog today. I have been part of many arguments around the topic - Who is better - the US or India!

My reply has always been, in the future it would be great to have the best of both worlds. Coz there are shortcomings in both and great things about both.

I guess it would be a greater dream to dicover the "ism" you are talking about.

As usual everyone of us is waiting for someone else to take the initiative.

Let us know if you do!

September 25, 2005 12:37 AM  
Blogger eV said...

Anu, I dont have an answer. I was just raising questions that I'm trying to grapple with. But it does make me feel uncomfortable that people have taken capitalism and communism to be the only available ideological options. I admire the concept of capitalism as it is based on an insight - on how humans respond to incentives. But very often, this reasoning is used as an excuse to curtail attempts to come up with an alternative ideology.

September 25, 2005 12:46 AM  
Anonymous Anupadmaja said...

Well said. As you said, this reasoning is used as an excuse to not discover any more. and whats worse, with time even these lose their charm and nobody has any real idealogies that they follow. The old ones float around in the theoretical sense alone.

September 25, 2005 9:11 AM  

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