July, Stalin, and Five-Year Plans: How Reality Upstaged Nehru's Economic Utopia
The QuintThe following is an excerpt from Jawaharlal Nehru's speech from 1937, when he was the Congress party president. “I am convinced that the only key to the solution of the world’s problems and of India’s problems lies in socialism, and when I use this word, I do so not in a vague humanitarian way but in the scientific, economic sense. I see no way of ending the poverty, the vast unemployment, the degradation, and the subjection of the Indian people except through socialism. That involves vast and revolutionary changes in our political and social structure, the ending of vested interests in land and industry, as well as the feudal and autocratic Indian States system. That means the ending of private property, except in a restricted sense, and the replacement of the present profit system by a higher ideal of cooperative service.
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