The Party for Capitalist Economy stands for decentralizing. For the last few years, the trend has been to centralize everything- grant of subsidies directly to the consumers from the central government, admission of students to certain professional courses, deciding quantum of taxes to be collected by the state governments etc. Even the state governments are taking decisions on behalf of private institutes and individuals like fees to be charged by schools from students, cutting trees, age at which one should marry, age at which one should go for jobs etc. The Party for Capitalist Economy thinks that decision taking should be decentralized- Central and state governments should resist the temptation to have more powers and allow private individuals and institutions to decide. There appears to be a need for All India parties like BJP and Congress as well as other parties to debate on the pros and cons of centralizing power.
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Posted by kgovindan
We need to adopt capitalist economy, as it releases the full potential of the individual. Socialism locks the potential of the individual. Socialism does not motivate people to put in their best efforts in their work. To take an example, the state government owned and run transport corporations run at loss whereas private bus transport organizations run at profits. It is common to see that a government bus goes empty, while a private bus running a few minutes earlier or a few minutes later goes fully packed. The govt. owed Steel Authority of India (SAIL) runs at huge loss while privately owned Tata Steel runs at huge profit. It is good for the country, to privatize government owned companies so that they start earning profits and the money realized for sales, can be utilized for the betterment of the weaker sections of the society.