Capitalism cannot solve the problems of mankind -- Socialism is the only alternative.

Finance Minister Arun Jaitley claims that because of the bold steps taken by Prime Minister Narendra Modi, the Indian economy has become the fastest growing economy in the world. Whereas, the former Finance Minister, P.Chidambaram claims that, Indian economy started competing with the developed countries, only after the Neo Liberal Economic policies were introduced in 1991, by the Congress government, led by P.V.Narasimmha Rao and Dr.Manmohan Singh. However, the trade union movement  keeps on saying that, whether the government is run by the Congress Party or the BJP Party, the Neo Liberal Economic Policies being implemented by both these parties, have only helped the rich to become super rich, while the poor have become miserably poorer. Yesterday's Times of India report proves what Arun Jaitley and P.Chidambaram say is wrong, and what the trade unions say is correct. 

As per the report published in the Times of India yesterday, the richest 1% Indians have 58% of the total wealth of India. Just 57 billionaires in India, have the wealth equivalent to the bottom 70% of Indians. Not only this, only 8 billionaires of the world, are having 50% of the world's total wealth with them. This is because, all the capitalist countries of the world are following the same Neo Liberal Economic Policies, being dictated by the World Bank and the IMF. Trade unions also say that Capitalism cannot solve the problems of mankind, and Socialism is the only alternative.