ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Capitalism, Markets, Market Socialism and Democracy

Capitalism, Markets, Market Socialism and Democracy Arun Ghosh WRITING in late 1995, and quite contrary to popular beliefs and perceptions, one can safely assert that barely five years after the collapse of communism in Eastern Europe and the former Soviet Union, the inner contradictions of capitalism are beginning to surface in all developed capitalist countries, and that there are unmistakable portents in Eastern En rope of a popular desire to go back to some form of' socialism other than the dictatorial regimes that had existed prior to 1990. Indeed It would also appear, if history has any lessons for the future, that the left parties in India need to re-examine some of their basic assumptions and the philosophic roots of their ideology, their tactics and their longer term goals.

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