Showing posts with the label agriculture

Economic Realism of Pandit Deendayal Upadhyaya - Some Thoughts on Agriculture

While Pandit Deendayal Upadhyaya agreed with some form of mixed economy, one sees practicality in his economic thought and vision. There are two particular instances that seem to clearly indicate what he thought of different kinds of measures. Minimal government intervention in the private space of entrepreneurship beyond a certain regulatory approach was clearly seen as a plus by him, judging by his critique of the five year plans over centralization. As noted by Mahesh Chand Sharma, Panditji saw major problems with the second plan vis-à-vis the first five year plan, especially on the mission statement of creating a socialist society:  Socialism as a confused principle only ends up in the emergence of autocratic governments, and remains fundamentally incompatible with democracy. The second plan, being a plan that aimed to alter a fundamental system in its entirety, would certainly be a problem as it shifted focus from functionality. The obsession with big industry was ‘indecent’ and ‘