Topic > The Solution to Poverty in India: Socialism or Capitalism

Poverty is a truth of reality that has existed since the dawn of man, a constant and disappointing fact of life. Indeed, the vast majority of people around the world live in poverty, and only a select few rule the world. Many in the past have attributed the existence of poverty to the capitalist economic system and would prefer an alternative such as socialism/communism. However, Marxism has failed in every nation, without exception, where its disastrous ideologies have taken hold, and even the thought that further implementing this disastrous ideology around the world will solve anything is both arrogant and childish. There is a clear way to improve the lives of the countless people suffering from extreme poverty, both in India and abroad: the full and genuine implementation of free-market capitalism, which in India could only come as a result of the complete repression of continued existence of the caste system, the reform of the judicial system and the complete elimination of corruption in government administrations. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an Original Essay World poverty, contrary to popular belief, can be solved and there is a simple solution. Complete, full, unadulterated free-market capitalism, unencumbered by social or political hierarchies that are opposed to capitalism and that prevent those who attempt to rise in society from doing so. A key factor that still prevents India from eliminating poverty today is the persistence of India's outdated caste system, which has existed for centuries and has hampered its ability to help the poor. The caste system almost always defines one's economic place in society and economic future. The caste system is officially illegal in India, however the law is not enforced adequately enough, which has damaged the economy tremendously. However, in other countries it is not the caste system that holds them back, but rather socialism. However, the case of India is distinct. Socialism has hindered the economies of countless nations; in India, the caste system. In true capitalism, as seen in the United States, everyone is given the same chance, not the same outcome. Capitalism allows for economic mobility, which is limited by the existence of the caste system in India, yet people continue to boldly attribute India's economic failures to capitalism. In more recent times, the Indian economy has actually been relatively prosperous, thanks to the implementation of cheaper capitalist policies and the crackdown on the caste system. For example, in India the number of people considered to be in extreme poverty has dropped dramatically from over 300,000,000 to only around 70 million today. This shows how policies that further lean into capitalism are now being implemented, and how further policies like this could easily continue to help the Indian economy, as well as economies around the world. However, it is not just the caste system and the lack of true free-market capitalism that hinder the economy. The controlled economy cannot prosper as long as the caste system continues to exist in India. Another serious problem that can be found around the world, in many highly poor nations, is the justice system which is often distorted. Not only do these nations' justice systems favor those in power and those with economic power, hindering the ability of poor communities to rise up, but they also often turn a blind eye to other issues that harm the economy,such as rampant crime, and the flow of drugs, human trafficking and sex trafficking that continues to plague these nations today. For example, in the book Behind the Beautiful Forevers, Abdul, the protagonist, is falsely accused of setting fire to the house of his neighbor, Fatima, and is prosecuted for this. This is just one of many examples of the incompetence and incapacity of the justice system in India, which can be seen similarly across poorer nations. The justice system in India, as well as in many poorer and impoverished countries, cannot function properly, and is often sadly unable to stop crime, while, at the same time, many law enforcement officials accept bribes not only from political officials corrupt, but also sometimes by drug cartels, criminal gangs, etc. However, the extent to which the justice system has failed depends on the nation. The justice system in many so-called “third world countries” can often be compared to the economies of advanced nations, and it is clear that the justice systems of third world countries often reflect the economies of the nations. Justice systems can often be considered inadequate and insufficient. This is a common trend around the world, especially in economically poorer nations. Incompetent judicial systems can lead to more widespread corruption, drug trafficking, sex trafficking, robberies, thefts, etc. However, talking about corruption, corruption is another major problem that hinders the development of countless poor nations. Furthermore, another serious problem plaguing many third world countries is blatant and rampant corruption. For example, as seen in Behind the Beautiful Forevers, government officials often accept bribes, as seen with Asha, who uses her power as an official to influence the slum, and has many relationships with those higher up to move up, when in reality , progress should happen on the basis of merit and not through corruption and scandal. This is a very true reflection of what is really happening in India and many poor and impoverished nations. Corruption is absolutely rampant and elevates the wrong people, leading to bad leadership and a failing economy, while also limiting those who wish to rise up. in terms of growth economics. Corruption, along with the caste system and an incompetent judiciary, has been instrumental in hindering the progress of the Indian economy. It is vital to the progress and advancement of the Indian nation, as well as all poor nations of the world, from El Salvador to Zimbabwe, that corruption is completely eliminated. Corruption is one of the biggest problems facing the world today, and it is essential that we get rid of corruption and that the government cracks down on corruption in general. Corruption is still rampant and thriving in India today. Corruption remains a major problem in India, significantly hampering its potential. According to Forbes, India still remains one of the most corrupt nations on the face of the Earth, and is considered "highly corrupt", with a score of 43 on the Corruption Perception Index, making it extremely corrupt (Desai, Rodak) . This shows how extremely corrupt India is and demonstrates the reality and severity of the major problem that is corruption in India. It is necessary for India to cleanse itself of this corruption if the nation ever seeks to advance. Corruption is one of the strongest deterrents of economic wealth, as is socialism, which goes hand in hand with corruption, as seen in Venezuela and many other socialist nations around the world. If India ever wants to progress, it must get rid of the scourge of corruption. Many reforms – justice reform,.