Capitalism, as an economic system, has played a pivotal role in shaping the modern world. It has driven innovation, increased wealth, and lifted millions out of poverty. However, in India, capitalism is often viewed with scepticism, if not outright hostility.
This negative perception stems from a mix of historical, cultural, and economic factors. Additionally, capitalism is widely misunderstood, leading to its unfair vilification. Before capitalism emerged as the dominant economic system, wealth was created and preserved through various economic structures, including feudalism, mercantilism, and agrarian economies.
Wealth was created largely through land, conquest, and trade, while being preserved through hereditary privilege, state control, and monopolies. Capitalism revolutionized wealth creation by emphasizing productivity, entrepreneurship, and investment, making wealth more dynamic and less tied....
