Context: COVID Vaccine IPR debate Why Capitalism is least concerned about Humanity? Focused on profit: Capitalists insist that private producers of vaccines must make profits because that is their compensation for investing in research and production. They believe that they are not morally compelled to serve the poor at a loss. For the poor, governments …
Babeuf Conspiracy: The French Revolution a 1789 promised equality But while it put an end to the autocratic rule of the French king, it did not did not usher in an era of equality in economic, social and political life. The-wide gap between the aims of the French Revolution and the actual conditions in France …
After the World War 2, the strategy of the West towards Soviet block crystallized as a “Policy of Containment”. Critically analyse. (200 Words) Policy of Containment was a United States policy to prevent the spread of communism abroad. After reaching an agreement at Yalta, USSR, established governments which owe allegiance to Russian in Poland, Hungary, Rumania, Bulgaria, …
Liberal democracy rests on three distinct sets of rights: property rights, political rights, and civil rights. In the light of these rights, critically comment whether India can be called a truly liberal democracy. (200 Words) India has proved to be a robust and a vibrant democracy, with a strong yet flexible constitution and high electoral …
Policy of minimum governmental interference in the economic affairs of individuals and society. “Leave us alone.” The policy of laissez-faire received strong support in classical economics as it developed in Great Britain under the influence of economist and philosopher Adam Smith (Wealth of Nations -1776). Belief in laissez-faire was a popular view during the 19th …
Strong nation subordinate the economies of small nations under their domination for their own interest. Forced them to buy and sell on their own terms. The term imperialism means the practice of extending the power, control or rule by a country over the political and economic life of the areas outside its own borders Imperialism refers …
Discuss how Deng Xiaoping was instrumental in helping China abandon its orthodox communist doctrines and help its economy incorporate elements of the free-enterprise system? Do you think the modern China has moved away from Deng’s philosophy? If Yes, write a brief note on it. (200 Words) The Great leap forward and Commune policy introduced by …
Colonialism means the practice of acquiring colonies by conquest (or other means) and making them dependent. The country which is subjugated by a metropolitan capitalist country is described as a colony, and what happens in a colony is colonialism. In other words, Colonialism =the total system of imperialist domination of a pre-capitalist country. Occupation / direct rule over …
Why communism lost its sheen? Adaptation by capitalism to counter communism. In its efforts to ward of communism, capitalistic forces offered: DecolonisationUniversal adult suffrage i.e. democracyMore employment and thus economic wellbeing of citizens Emergence of USA as an unquestionable world leader after Hiroshima and Nagasaki Communism basic philosophy was to revolutionise people and overthrow governments. …
Industrial Capitalism : The system of society that came into being as a result of industrial revolution may be termed as industrial capitalism. Capitalism expands material well-being by replacing existing technologies, products and business methods with superior substitutes. Though this initially disrupts established industries and communities, it is the main engine of economic progress. …