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March 25, 2009

Interesting blog on individualism and socialism….

Filed under: India, socialism — neosurya @ 07:32

Saw these entries on a blog:
In defence of individualism

A Second Republic

== Begin Quote ==
To understand the pitfalls of the notion that collectively held property actually exists, the reader should take a walk around Lutyens’ Delhi. All the bungalows there are public property: They belong to the state.But does this mean that they belong to us, the people? Certainly not. If anyone of us were to try and enter one of these compounds, even if just to admire the flowers in the opulent garden (maintained at public cost), we would be turfed out pronto.


So let us consider how the socialist state acquired these titles. It owns all these bungalows, all over the country, where its functionaries reside for free.

It owns all these enterprises which it leases out to its cronies. It operates a land monopoly in most cities, including the Capital. It owns all the forests, all the rivers, all the mountains, all the oil under the ground, all the minerals: It practically owns the entire country.

For the rest of us, property titles are extremely insecure. We really own nothing. Tribals get booted out of their traditional homelands, which are leased out to forest officials and contractors for private gain.

In Karnataka, the state government is passing law to take over temples: God is being nationalised!

At this point, let us pause to reflect on the fact that there can be some truly public properties which every citizen and even every foreigner is free to use like a public thoroughfare or a public park.

Liberal economists call these public goods and call for public investments in public goods alone. This is because businessmen will not invest in goods which everyone can use for free.

In India, although this is a planned economy, the state has not invested in these public goods at all. Instead of investing in roads, it invested in an automobile factory. It owns Scooters India. It owns oil companies. Hotels. Steel plants. Airlines. Should liberal jurisprudence hold these property titles to be valid?

Absolutely not. These are all criminally acquired titles. The taxpayer’s interests have not been represented in this planned socialist democracy. Instead of investing in public goods, they have invested in private goods. This is planned theft.

== End Quote ==

Very interesting observations about socialism; kinda agree with these views. Individualism is interesting but is not a completely tested concept. I wonder how certain things like social security, safety, and quality of life would pan out.


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