- Rajesh Tyagi/18.9.2017
Last week was witness to two major events in India, that would give a facelift to its capitalist development - one, inauguration of a project of bullet train, the rapid rail transport, connecting the cities of Bombay and Ahmedabad and the other start of Sardar Sarovar Dam on river Narmada.
The two projects are critical to historically belated and subsequently retarded capitalist development in India.
Like the British were forced by the course of development of history and against their free will to industrialize India including introduction of trains in it, the Indian capitalist rulers, despite their far limited resources, are forced to take it further, even at greater pace.
Taking power in 1947 as clients of world Imperialism, Indian bourgeoisie had little to their coffers. The roadmap they fantasized about for an independent capitalistic development did not fruition under the strangulation of world imperialism. The Nehruvian model, based on the program of an independent capitalistic development, a mix of state monopoly and private enterprise, started to crumble even before its take-off, in the face of neo-liberal offensive of world capitalism.
The two projects are critical to historically belated and subsequently retarded capitalist development in India.
Like the British were forced by the course of development of history and against their free will to industrialize India including introduction of trains in it, the Indian capitalist rulers, despite their far limited resources, are forced to take it further, even at greater pace.
Taking power in 1947 as clients of world Imperialism, Indian bourgeoisie had little to their coffers. The roadmap they fantasized about for an independent capitalistic development did not fruition under the strangulation of world imperialism. The Nehruvian model, based on the program of an independent capitalistic development, a mix of state monopoly and private enterprise, started to crumble even before its take-off, in the face of neo-liberal offensive of world capitalism.
