Is Neo-Liberalism Generating Conflict and Inequality

Source: IPF      Date: 18 Jul 2014 19:54:08

The era of Marxism and Capitalism is still in negotiation, however capitalism is taking lead in the given structure and delivery. The European debate on Neo-liberalism has completed 75 years and created its own space in the Latin America and Europe, although Latin America is in partial agreement but progressing. Asia has made brief political entry into neo-liberalism. The speed of change are beyond review and assessment as it has followed western model of comparative growth. The last trace of neo-liberalism and impact on social theory is found in the European nations who have been careful to the social issues along the economic growth.

India has been changing fast on economic and social design of the nation. The social and economic philosophy of India has been challenged in the present system of neo-liberalism by all intellectuals, scholars, and politicians. The society and nation has done poor and could not find an appropriate replacement on theoretical foundations of last century especially after the independence. This was also the time when the scholastic inputs were delusional and influenced through rationality method, imported intellectuality and limited understanding.

Search of newer and extraterritorial concepts and philosophies guided Indian thought leads to west and deviated them from Indian rich literature and theories to western literature to find shadow of growth and peace. The long tradition of sharing knowledge with the world was limiting to import of the theories and models only.

The neo-liberalism way to social and economic growth has seen some unrest in the model. The social conflicts and economic inequality are at higher degree in the world. Political leaders and scholars are looking towards a way forward for the new balance of the social and economic development, growth is not sufficient.

The most unfortunate aspect of the contemporary debates under the shadow of liberlisation is that quest for contesting inequality are missing. The growing inequality all over the world has been emerging as serious challenge and Indian is no exception. There is need to address the issue.

Pandit Deendayal Updhyay’s integral humanism is spirited with the ‘Idea of Growth with Economic Justice’. His philosophy has become more relevant in the contemporary world when economic development has been undermining ecology of family, society and culture on the one hand also diversities of human life. 25th September is birth anniversary of Pandit ji. On the occasion, the seminar is organised to debate on Indian society and culture and challenges of neo liberalism.