True Face Of The Left Revealed
0 Comments Published by Dijo on Tuesday, October 31, 2006 at 1:31 AM.
Finance Minister Chidambaran recently stated how he would like to convert the millions of government employees who are savers into investors. One of the easiest ways to do this was to use the pension funds as an investment in the Stock Market. This seemed like a stroke of genius as far as i was concerned because of the way it would have increased the worker's wealth. Fact is that the Indian Stock Market has been growing at about 15% percent since its inception, which is much more than the Provident funds which the government is finding so difficult to sustain anyways.
So I was rather surprised when the Communist parties opposed this. They were the last people who should have had a problem with this I thought, afterall it was the workers who were going to benefit from it. Also supposing that the left parties have their votebanks among the working class, anything that is good for the workers must be good for them too.
Still I had no clue why they were behaving in so strange a manner. That was until Sunday. The guys at Indian Express have something called the Idea Exchange going where the supposed intelectuals of the country debate with the Express staff. They had Prakash Karat this Sunday and when asked why he was opposed to the idea of the worker's pension money being invested in Stocks in his own words was this "Putting government funds in the stock market means you are providing a vast source of capital to the corporate sector." The other reason that he gave was some obscure report in Chile for a similar experiment.
Now how sick and perverted is that? How can anyone have a problem with money being invested into the private sector as long as it is solving the purpose? I have read parts of Das Kapital and the one thing that was always there was the pursuit of reason in everything. They seem to have abandoned that and ahve shifted to dogmas instead. Well there you go.... thats for me the signs of the beginning of the end for a party.
P.S News comes in that the pension billed may still be passed although in a diluted form as the government has assured the leftists that the money will be invested only in government securities.
So I was rather surprised when the Communist parties opposed this. They were the last people who should have had a problem with this I thought, afterall it was the workers who were going to benefit from it. Also supposing that the left parties have their votebanks among the working class, anything that is good for the workers must be good for them too.
Still I had no clue why they were behaving in so strange a manner. That was until Sunday. The guys at Indian Express have something called the Idea Exchange going where the supposed intelectuals of the country debate with the Express staff. They had Prakash Karat this Sunday and when asked why he was opposed to the idea of the worker's pension money being invested in Stocks in his own words was this "Putting government funds in the stock market means you are providing a vast source of capital to the corporate sector." The other reason that he gave was some obscure report in Chile for a similar experiment.
Now how sick and perverted is that? How can anyone have a problem with money being invested into the private sector as long as it is solving the purpose? I have read parts of Das Kapital and the one thing that was always there was the pursuit of reason in everything. They seem to have abandoned that and ahve shifted to dogmas instead. Well there you go.... thats for me the signs of the beginning of the end for a party.
P.S News comes in that the pension billed may still be passed although in a diluted form as the government has assured the leftists that the money will be invested only in government securities.
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