Lately Nehru has been berated by the right-wing groups for being too-nice with India’s troublesome neighbors (ok, couple of them more than the rest). But I feel, his greatest failing was closing down our economy and instead promoting mediocrity by giving national industrial interests complete control. Indira Gandhi extended that control to the financial sector when she nationalized banks in 1969. George Fernandes threw out Coca-Cola and IBM during Janata Party’s brief rule. Since then, things have changed and parties that earlier swore off liberalization actually adopted it readily, slowly paving India’s way to steady economic growth. However, one entity has steadfastly refused to change with the times i.e. India’s Left parties.
It can almost be summarized that voters in West Bengal, Kerela, and Tripura are responsible for slowing down India’s liberalization programs. The Left Front holds 61 seats in the current Lok Sabha; a large number considering today’s coalition politics. An integral part of the UPA government, the Left has blocked any moves by the Central Government to privatize often citing the reasons of profitability in certain PSUs. I find it hard to believe that they still think of the government as a profit-making body. Profitability is no reason for the government to exist; it merely exists to regulate and protect our borders.
The Left Front has been consistent in West Bengal and Kerela mostly, and I wonder when voters in those states will realize that they have been voting for people that have serious detrimental effects to the Indian economy. Unhindered political rule by the Left Front in West Bengal hasn’t done the state any good. Investors have fled and unemployment has remained consistently high. However lately, the West Bengal government headed by Buddhadeb Bhattacharya is doing the same things in the state that they oppose at a national level i.e. attract foreign investment and shut down state PSUs. The Left Front makes an attractive opposition party and they flounder when they are on the ruling front often adopting measures that make them no different from their capitalistic foes.
Do me a favor; ask your friends and relatives in West Bengal not to vote for the Left anymore. India is suffering.
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