(via Sunny Narang)
Anglo-Saxon Capitalism versus Rhine Capitalism : USA and UK versus Germany and Japan : World War victors versus losers: Khichdi-Chaat-Pao Bhaji Capitalism is India's gift
In his 1991 book Capitalisme contre Capitalisme, Michel Albert coined the term Rhine capitalism and warned that “The largest banks know, however, that they are literally 'too big to fail'
and can count on a helping hand from government if the worst comes to
the worst... Thus, in yet another intriguing but ominous irony of
history, 10 years of ultra-liberalism have resulted in a US financial
system whose future may only be assured with the help of federal
government handouts."
Michel Albert (25 February 1930 - 19 March 2015) was a French economist. He was born in Fontenay-le-Comte, Vendée
Gandhi
always knew the unlimited greed of the Anglo-Saxon created Capitalism
will destroy the ecological resources of planet Earth . He also knew
Communism had no soul . By 1990 Communism died in Soviet Union and in
China a new animal , was made hyper-successful with Anglo-Saxon
Capitalist support and investment , and this new animal was a hybrid of
an Asian Collective Model with hyper-mass-manufacturing , a combination
of State-Capitalism (What we call Public Sector) and Joint-Ventures with
MNC's .
The
article below came in Nikkei, the largest selling Japanese paper ,
talking about different approaches to Industrial Capitalism .
So
besides the two western models of Capitalism , the Welfare "Rhine
Capitalism" that was evolved post-World War 2 to balance Soviet "Red
Menace" in Europe that was actually saved from self-destruction by the
Anglo-Saxons , UK and USA who are the founders of "Anglo-Saxon"
capitalism or now called " Cowboy Capitalism" , there are multiple
Capitalisms that were created in Asia .
In
Japan , South Korea old clans created big enterprises with very
deep-state networks , a kind of Community-Capitalism and produced global
corporations with family names like Toyota . Hyundai, Samsung ,
Marubeni , among hundreds others have been created by partnership within
politicians , bureaucrats and businessmen .
In India we have a "Khichdi-Chaat-Pao Bhaji" Capitalism .
Only
5% are employed in Organised Sector that is Government or Sarkaari Jobs
and Standard Capitalism of the mix of Rhine and Anglo-Saxon kind , the
State-Capitalism kind , the Clan-Community-Capitalism kind . So the 4
systems of known organisation create at most direct 5% and indirect 10%
of Indian employment .
Examples :
Rhine Capitalism : Tata
Anglo-Saxon Capitalism : Reliance
State-Capitalism: NTPC , MTNL, ONGC , and hundreds of others mixed with Joint ventures with MNC like Maruti-Suzuki .
Clan Community Capitalism : Birla, Dalmia , Singhania etc .
Then
there is the 90% that is employed in many varieties of pre , present
and post kinds of Nano-Micro-Small-Medium Capitalisms which take some
features from the above 4 and have their own unique features too !
From
a marginal farmer also selling roasted peanuts part-time , to a
handloom weaver , to artisan-led coops , to Punjab Jugaads , to
thousands on tiny manufacturing workshops making everything from plastic
buckets to carpets to garments to socks to namkeens to the
Khichdi-Chaat-Pao Bhaji hawker we have a plethora of enterprise forms .
I
always say in India the doodhwalla, the local paneer-khoya-dairy brand ,
the Nestle's , the Amul's , the Mother-Dairy's , from MNC to a single
Cow-owner along with religious trust run dairies and gowshalas all
co-exist.
India's
"Khichdi-Chaat-Pao Bhaji" Capitalism is a Great Mix and Mash-Up of
Nehru, Gandhi, Tata-Birla-Ambani and way beyond their limited
imagination economy .
Just like the Jati or Caste vyavastha-system.
India's
nature is to Defy Definition . And so will be its Web of Always
Confounding Truths , always beyond simplistic models of other
geographies.
So let's Celebrate our own Unique ability to create more diversity than follow anyone else .
India's solutions can only be created on our own soil of eons of madness, discovery , beauty and creativity.
"Communism
has collapsed. Capitalism has rid itself of the competition on which it
thrives. But though now victorious, capitalism has become a threat. The
future of us all may be shaped by the outcome of the conflict between
capitalism as victor and capitalism as threat. Not only in Europe, but
also in the US and Japan - and no doubt shortly in the Eastern countries
too - the great debate is capitalism versus capitalism.
On the one hand is the "neo-American" model based on individual achievement and short-term profits.
On
the other is the Rhine model practices in Switzerland, Germany,
Benelux, Northern Europe and, partly, in Japan. In the Rhine model
collective achievement and public consensus are seen as the keys to
long-term success.
The
first is more seductive, the second more effective. These two opposing
forms of capitalism are engaged in a war which, like all internal
conflicts, involves both secrecy and even hypocrisy. The outcome of this
struggle could affect the quality of life on all levels of society.
The
author of this book aims to provide a synthesis which will force the
reader to consider the political and economic issues at stake towards
the end of the century."
Soros alarm
Amid
the accelerated globalization of markets since the turn of the century,
the Anglo-Saxon model became dominant in corporate management and many
other areas. This seems to have widened the gap between the winners and
losers, causing larger societal distortions. The question is where and
who to go to for the power to solve the problem.
In
a recent interview with an American newspaper, legendary investor
George Soros said, "We must do something to push back against what's
happening here." In November, he pledged $10 million to civil society
organizations to combat increasing racial discrimination.
If
setbacks triggered by the Anglo-Saxon model of capitalism are to be
overcome, it is crucial to build a mechanism to redistribute society's
wealth -- a necessary step toward the maturity of capitalism.
Nations
become inward-looking and close themselves at times. To get capitalism
to stride forward when this happens, the international community has no
alternative but to enhance the power of diverse markets.
The search for and implementation of new market mechanisms will be a perpetual process."
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