CORPORATE STRANGLEHOLD IN INDIA
is tightening and enormously growing, much more so ever since the BJP Government under Narendra Modi came to power in 2014. Especially, the Gujarati corporate capitalists are receiving the largest/best part of the cake under the Gujarati Modi-Shah duo’s shameless open favoritism and disbursal of the spoils. True, even under the earlier Congress governments favor/promotion of corporate capitalism was very much there and they were also undermining the social properties oriented mixed economy policies/measures initiated under Nehru and continued for long thereafter. We also know how even in those days the ruling classes undermined the public sector by egregious corruption and channeling of public moneys to the private sector. Well, the then license-permit raj damaged the national economy too; and Manmohan Singh under the then PM PVNR succeeded in starting its dismantling and liberalizing the economy to favor/promote private/corporate capitalism. There were egregious corruption scandals too during the MM Singh rule till 2014, the furor created by which was adroitly used by the communal fanatic but not less corrupt-cum-capitalist oriented BJP to come to power in 2014 and since then we see the massive plundering of the country’s public properties to favor/promote super rich Ambanis, Adanis, etc. – a clear regional linguistic favoritism overlapping the other vices. Most recent disturbing news is that Adanis have grown like a leaping Octopus and now their daily income amounts to more than 1000 crores rupees overtaking Ambani’s daily income by at least 6 times – all this within these 7 years of BJP rule. Earlier Mr. Krishna Rao, of Andhra Jyoti, had questioned whether the country was being turned into an Adani Estate, with many ports in AP/other coastal regions, several airports and other public industries either transferred to or sought to be given over to Adani’s ownership/management. Even the Vizag Steel Plant, achieved by the prolonged arduous struggles of Andhras, is now decided for privatization and possible Adani takeover! Unless our people rise and conduct widespread, intense agitations to contain this privatization pandemic and save at least the main public sector industries, this editor sees no light at the end of the tunnel and the Modi-Shah duo who, apart from their undermining the social welfare ideals/measures, have already, without any discussion in parliament/public, joined India to the evil axis of the U.S. imperialists, giving up all pretensions of non-alignment, will ruin whatever autonomy the country’s linguistic groups now enjoy/are promised and jeopardize the country’s unity/integrity even. §§§
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