Abstract
The objective of this chapter is to sum up the major lessons that this book yields. It shows in brief how capitalism functions; how the giant capitalists usurp state powers and create a mechanism of exploitation that forces the workers to make their labour and saving available to the giant capitalists at minimum possible prices. It explains why the giant capitalists colonized the whole world and why they granted their colonies independence following the rise of the Soviet Union as a superpower after World War II. It also elucidates here how the giant global capitalists have conquered back their colonies using the example of India. It also suggests here a strategy by means of which the masses can wrest the political parties from the clutches of the giant capitalists, usurp state power and move towards establishing socialism and putting an end to capitalist exploitation. It also shows how the strategy mentioned above can make an erstwhile colony like India truly self-reliant and independent.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
References
Banerjee, A. V. (1992). A Simple Model of Herd Behaviour. The Quarterly Journal of Economics, 107(3), 797–817.
Dutt, R. P. (1970). India Today (2nd ed.). Calcutta: Manisha.
Government of India. (2018). Union Budget 2018–19. Ministry of Finance.
Khan Durrani, F. K. (1944). The Meaning of Pakistan. Lahore: S.H. Muhemmad Ashraf.
Oxfam India. (2018). India Inequality Report 2018. Retrieved from https://www.oxfamindia.org/sites/…/himanshu_inequality_Inequality_report_2018.pdf.
Picketty, T. (2014). Capital in the Twenty-First Century. Cambridge, MA: Harvard University Press.
Pruthi, R. (2004). Sikhism and Indian Civilization. India: Discovery Publishing House.
Reischauer, R. (2000, February). A New Look at Homelessness in America. Washington, DC: Urban Institute Publications.
Stewart, N. (1951). British Policy in Indian History. Science & Society, 15(1, Winter), 49–55.
Stiglitz, J. (2012). The Price of Inequality. New York: W.W. Norton and Company.
U.S. Department of Agriculture. (2018). Food Security in the US. Economic Research Service.
U.S. Department of Health and Human Services. (2016). 2015 National Health Care Quality and Disparities Report and 5th Anniversary Update on the National Quality Strategy, Agency for Health Care Research and Quality.
U.S. Department of Housing and Urban Development. (2018). Annual Homeless Report (AHAR) to Congress, Office of Community Planning & Development.
Van Dyke, V. (2009). The Khalistani Movement in Punjab, India and the Post-Militancy Era: Structural Change and New Political Compulsions. Asian Survey, 49(6, Nov./Dec.), 975–997.
Wanniski, J. (1978). The Way the World Works. Polyconomics.
Author information
Authors and Affiliations
Rights and permissions
Copyright information
© 2019 The Author(s)
About this chapter
Cite this chapter
Ghosh, C., Ghosh, A.N. (2019). Survival of the Common Man Under Capitalism: A Plausible Strategy. In: An Introduction to Economics. Palgrave Pivot, Singapore. https://doi.org/10.1007/978-981-15-1056-4_7
Download citation
DOI: https://doi.org/10.1007/978-981-15-1056-4_7
Published:
Publisher Name: Palgrave Pivot, Singapore
Print ISBN: 978-981-15-1055-7
Online ISBN: 978-981-15-1056-4
eBook Packages: Economics and FinanceEconomics and Finance (R0)