Socialism

by Prabhat Patnaik

English 128 pages 1 edition

What does ‘socialist’ in the Indian Constitution really mean, and how far has policy moved the country towards—or away from—that promise? In this crisp volume, economist Prabhat Patnaik revisits the anti-colonial imagination of a democratic, secular, egalitarian order; examines the post-Independence dirigiste settlement (planning, public sector, bank nationalization); tracks the neoliberal turn and its consequences for employment, welfare, and popular sovereignty; and maps the political economy of our present. Arguing that equality of opportunity is impossible under persistent unemployment, inherited wealth, and privatized social goods, Patnaik sketches concrete prerequisites—universal high-quality public education and healthcare, curbs on inheritance, and a state oriented to social ownership—to move ‘towards socialism’.