Ours is socialistic country but we are transforming capitalistic by privatising public enterprises, comment?

Question

India is a socialist country and Parlamentary form of government where public enterprises and private enterprises coexist. Public enterprise checks the monopolistic tendencies of private enterprises. Government of India is resorting to privatising all public enterprises leading to capitalism from the form of socialistic country. Why not our country is not adopting Presidential form of Government when there is everything is privatised. In sequence, Socialist fabric of India is torn by present day government due to privatisation all public enterprises are vanishing forming syndrome of capitalism. Elaborate.

Answer 1

Watch out. A lot more people will go hungry in your country when the corporations get control of your public enterprises. They will tell you it will be much more efficiently run privately, and that is no doubt true, but once they get control, the rates will go up and there will be no heart in the decisions.

Answer 2

I don't think i would classify India as having a socialist government but that kind of privatisation is happening in nearly every country on earth.

It is the example of the USA.

Answer 3

in russia [soviet union] the people got shares but they didnt appriciate what shares were and got ripped off ,or pressured into selling them cheaply
in australia they privatised many public resources and the people got nothing
in both cases the prices went up ,electricity for egsample has doubled , many new roads now where we have to pay toll ,

privatising things is looting the public resourse ,big buisness wants our waters and lands in short they are so much in debt they need to keep increasing the assets to get more money

capitalisation of communal resource must be set to delivery and service stabdards ,i note most proffits are comming by sacking repair and mainainance and putting them on contracts at much lower rates ,if not sacking them all together
a buzz word seems to be out sourcing

what little guys can do is not much but be on the look out for the practices that put the x communal recource into dangers ,ie get oversight and try to keep an eye out for abuses ,but apart from that not much else you can do ,i noted friendly sociaties and motering groups goy money ,when they got taken over but thats about it
most just loose
its about having more debt to service
and they pick the choice things first
water will double beware when govt ''gives us free water meters means its gotto get paid for guess who pays?

Answer 4

Whether India has a president or a prime minister has little consequence for the economic life of the country. It should be obvious that privatization is a good thing and should be pursued vigorously.