How to really define “Development”??

How to really define “Development”??

This question has no objective answer.Debate regarding development has been going on since the age of Father of Political economy “Adam Smith”.Countries in 19th and 20th century have looked development as synonymous to capitalism.Growth rate has been the prime indicator of development.Markets were free to sell and buy.Big industries were setup,huge profits were incurred.World became dominated by big nations and capitalist class.

Countries became of other countries.Colonial countries’ economy got subjugated to their empire countries benefit.While at the same the world was seeing the phenomena of “Inequality” in all ways -political,social and economic.Inequality became too much to be ignored.People like Karl Marx and Friedrich Engels came to make people realise about their suffering.They advocated for Equality and due rights of the people.They gave the ideals like “Communism” and “Socialism”.China and USSR became torchbearers of these ideologies.But these ideologies were really successful is the questions.People in these country suffered poverty,hunger.Grass on the other side was also not green.It had its dark spots as well.Countries following capitalism such as USA,west European nations had unequal societies.Poverty and Hunger could be seem in these countries as well.Capitalism as a theory was shaken by the Great Depression of 1930’s.

So the point really is What is correct?Capitalism or socialism?Of Late answer to this question has been that none is correct.Consensus has been building around that a blend of capitalism and Socialism has to be the way.Countries took the path of development which is inclusive.Development which will be economic,social and humane.So which country is really the torchbearer of this kind of development?Is it USA,Russia,India or China?

No clear cut answer.Despite treading this path,inequality across the world is still rising.Top 1% people across the world really control 50% of wealth.Bottom three decile share only 1% of the world wide income.”Sociocapitalism” has not really born fruits till date.Question arises is what else needs to be done to ensure development which  will carry forward all,remove absolute poverty,hunger etc.

Countries need to vigorously follow the cycle of taking from the rich and giving to the poor.Increasing progressive direct taxes and spending on the human development of poor.Spending on education,health,employment,skill development is the key.These basic facilities have to be very very cheap.State should take the initiative of building institutions which are qualitative and quantitative.Poor have to be provided the equal platform,opportunities to make their life better.This would not only increase the developmental levels but would also bring peace and harmony across the world.

We have got one Earth.Everyone has got equal share to its resources.Distribution across the geographies have made people dependent upon each other.So.trade is happening for mutual sustainability.Trade should be happening on equal term caring about the needs for all.Mutual cooperation would lead to eradication of global menaces such as terrorism,hatred,dominance etc.

After all ,purpose of life is to lead a good life which is peaceful.All our needs should be met.Standard of living should be good.This will not come by way of competition but by way of cooperation.Countries should rise above skepticism,distrust and hatred towards each other.They should work for well-being of mankind.Natural resources should be used in an equitable manner.

Leaders like Gandhiji, Mandela,Martin luther are again needed in this world full of suffering.People should rise above race,religion,caste,colour,sect,gender-bias.There is no gain in discrimination based on these things.No one got segregated on these lines based on their own-choices.It was by accident of their birth that they fell into one.So their is no actual gain based on these issues.

Giving people freedom to development according to their will and providing necessary opportunities is the way forward.Inclusive development is the answer.Only capitalism and Socialism would not do.Positive intervention by state is needed in every walk of life.