Today discussions at CCD @ 2 pm - Constitutionals Provisions for Nepal's Business and Economy...trying to pursuade folks to get away from imposing failed ideologies....
trying to figure out how socialism, mixed economy and partnerships all can be clubbed into one concotion for economic structure for the constitutuion....for a free market and economic freedom propogant, this sounds really sanskrit......
I think the word 'fusion' is best left to music and food...
A COMMENT BY MR SUJEEV SHAKYA. I AGREE WITH HIM PARTIALLY.HE IS OUR FRIEND FROM NEPAL.
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Manjushree Thapa I'm surprised that this should be a matter for mention in the constitution, free market or mixed economy, either way. Isn't it more appropriate to leave it to elected governments to decide their policies?
14 hours ago · LikeUnlike
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Sujeev Shakya @ Manjushree...yes...but the definition of our mixed economy sounds more classical socialism that has failed badly....no one has been able to give me what will get into the constitution..its like recipe for bloody mary where people have their own ones...and a bar in kathmandu actually uses whisky to make bloody mary! this is sort of Nepali concotion is what I cannot understand....
13 hours ago · LikeUnlike
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Manjushree Thapa Well I'm a bit of a mixed economy gal myself, think it's worked fine in Europe and Canada, and even in India, where it laid the groundwork for liberalization. But still wonder whether it's something that should be specified in the constitution (beyond vague guarantees about private property, etc.).
13 hours ago · LikeUnlike
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Sujeev Shakya Yes, but using socialism and mixed economy together is an oxymoron. the socialism defined at times here is state ownership of capital and business.....China too is a form of mixed economy, but some think that China has gone too far into the capitalist territory...so it has to be some steps back...YES...best to keep these debates away from constitution I agree...
13 hours ago · LikeUnlike
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Bharat Mani Pradhan Also away from fb.
13 hours ago · LikeUnlike
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Kiran Krishna Shrestha
I thought - mixed economy does have the elements of socialism in it. The thing we lack is not choices between socialism , capitalism or mixed economy - but a system to monitor its functioning. If capitalism / privatization would lead to ex...amples like Hariishiddi bricks, Bansbari Jutta, Biratnagar Jute, or Bhrikuti Kagaj.... I do not know where it will take things. A system that deals with evaluation of management competency, and economic governance is something that may be worth considering. Fusion creates confusion - if the person driving the fusion is confused :-)See More
12 hours ago · LikeUnlike · 1 personLoading...
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Sujeev Shakya @ Kiran, good examples of govt businesses are No Oil Corporation (NOC), No Electricity Authority (NEA) and No Aircrafts Corporation (NAC)...but yes the private sector also here have to do a lot to establish their credibility...
11 hours ago · LikeUnlike
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Nar Kumar Chhantyal @Manjushree I don't think Mixed economy worked in India and and laid the groundwork for liberalization. It somewhat worked in Europe, but nowadays they are feeling the pain of it.
9 hours ago · LikeUnlike
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Nar Kumar Chhantyal
I don't know whether India has written something like mixed or free market on their constitution. I guess they haven't.
The most positive part of Indian constitution is 'Property Rights'. which obviously fueling the free market system.
And ...mixed nature of economy is hampering the farmers and poor the most. I can't sell my farm products out of my state. This is socialist way. And I can purchase whole lot of Unilever products all around India. This is market approach. Look which producer is suffering here
MY COMMENT---(I AM TRYING TO INCREASE MY CREDIBILITIES IN A WAY,SO THAT..ONE CAN SAY THEY ARE PROUD OF ME FINALLY!!!...VIBHA)
---As you mentioned india...i want to suggest...Well one need to incorporate good points from even failed idealogies.Indian constitution does that.I think Indian topographical,demographical,population...many aspects are quite different from Nepal's...so as economy.Socialism has failed,though its elements are there in our constitution.We all are equals,deserve everything equally thats why social justice and reservations are there.About economy- socialist way is to keep state economy and trade in states hands.One can buy from whichever state but cannot sell their products out side own state...which didn't work in our country as every state is not self independent,neither they produces everything they want to have!!...so they not self relaint or self sustainable...though this theory was quite ideologically good...many step ahead of initial batter system which can make locals self independent,self sufficiant or self content with lesser choices!!
...This is what even Gandhian economics says.
Mixed economy in which public private government partanerships...lead to open market economy and privatization (and end of licenceraj which had increased corruption and cases of black money.)It lead to finally liberalization and globalization,it suited indian economy and financial growth and even temparament till some extent!!!
....but it resulted in increase of poverty and farmer suicides also...or disbalance and gap between two...rich are richer and poor remain poor...with increase in population....which can be an asset but has added in problems...its other side of coin!!!
Nepal has socialism.Now its opening up.And is not so rich country.Many products/goods are imported from outside.So they need element of all to create original theory according to what suits to there local conditions...instead of some fixed existing ideologies we all are following since years...its my suggestion as a friend.
As much I know about Nepal it is An isolated, agrarian society until the mid-20th century, Nepal entered the modern era in 1951 without schools, hospitals, roads, telecommunications, electric power, industry, or civil service. The country has, however, made progress toward sustainable economic growth since the 1950s and is committed to a program of economic liberalization.
Nepal has used a series of five-year plans in an attempt to make progress in economic development. It completed its ninth economic development plan in 2002; its currency has been made convertible, and 17 state enterprises have been privatized. Foreign aid accounts for more than half of the development budget. Government priorities over the years have been the development of transportation and communication facilities, agriculture, and industry. Since 1975, improved government administration and rural development efforts have been emphasized.
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