by Prabhat Ranjan Sarkar
The economic development of a country depends on the collective labour of different social groups. This is the reason that the system of the division of labour gradually evolves out of the practice of domestic economy. The value of the labour of all groups, including industrial labourers, peasants, carpenters, blacksmiths, goldsmiths, potters, physicians and clerks, is equal in the collective development of the economy.
By Acarya Samanvayananda Avadhuta
Cooperatives constitute the mode of grass-roots development. Today, while Europe is moving towards becoming a federation of nations, Asian nations face economic crisis and keep turning to Europe, the IMF and the World Bank to come to their rescue by encouraging foreign investments in the Asian region. This amounts to giving big concessions (i.e. removing national safeguards in the name of liberalizing the economy) to multinationals to set up manufacturing plants for low-tech and high-tech consumer products to be then exported for consumption in developed countries. This kind of over-supply oriented industrial development reaches a saturation point and then sets off economic recession. In any case this export-oriented industrial development helps provide employment in the urban centres. It does not result in the technological development of the developing countries since this is not on the business agenda of multinationals. Most of all, this type of economic colonization never remedies the rural areas where the bulk of the population resides and where poverty since liberalization is now most abject.
