People have some fundamental rights to create sustainable communities and to control their own resources, economies, and means of livelihood. These rights in turn influenced by their right to choose what cultural values they will embrace. A globalised economy in its present form denies these rights by transferring power to make the relevant choices to global corporations and financial institutions. It does not serve the human interest.
The theories of both capitalism and communism accept the aphorism, “He who control the gold rules”. Communist theory proposed workers control of means of production but never cared to implement it. Adam Smith implicitly made the same assumption in the vision of an ideal market economy comprising small farmers and artisans – a circumstance in which owner, manager, and worker supposed to be the same. But the capitalism persistently transfers property rights to economic oligarchies and financial institutions that are largely unaccountable even to their owners. Whereas communism vested property rights in a distant state and denied the people any means of holding the state accountable for its exercise of those rights............Read More
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"Human beings have still not been able to form a human society, and have still not learned to move with the spirit of a pilgrim. Although many small groups, motivated by self-interest, work together in particular situations, not even a small fraction of their work is done with a broader social motive. By strict definition, shall we have to declare that each small family unit is a society in itself? If going ahead in mutual adjustment only out of narrow self-interest or momentary self-seeking is called society, then in such a society, no provision can be made for the disabled, the diseased or the helpless, because in most cases nobody can benefit from them in any way... in that case there always remains the possibility of some people getting isolated from the collective. All human beings must attach themselves to others by the common bond of love and march forward hand in hand; then only will I proclaim it a society." |