Finance, Forex and Investments

Which type of economy can give happyness and minimal or reasonable standard of living to the people of India?

Is the present economic system adopted in India taking us in the direction to guarantee food, housing, education, job, and spiritual growth of people of India? If not then what type of economy we should we employ?

Public Comments

1. No system of economics can guarantee anything, only God in heaven can do that. The system in which believes that each individual can succeed, can grow and his growth has no limits is Capitalism. All other systems are limited by their always failed attempts at equal halves for everyone. These systems do nothing to encourage growth. This reminds me of a quote: "Discontentment is the mother of progress." When a baby is born, he can not crawl. He then learns to sit up and roll. Only in a moment of struggle does he realize his want to crawl but inability. This is a moment of encouragement! The baby wants for himself to crawl and the only way for him to learn is to struggle to do so. In this struggle, the babies muscles are strengthened to a point that at one point the baby can crawl. Too many times in life do we refuse to do what a baby can accomplish. Struggle begins to strengthen and develop us. Along with Capitalism, private property rights are a must. These are required for Capitalism to work, for who wants to work land or work in a craft in which that which is worked for can be taken without penalty?