The Marxist slogan - "to each according to his needs" - is pure nonsense. What it really means is that a State must be set up to take over the "means of production" and thereafter "distribute" all that is produced fairly to "the people" - who are all "workers." This ought to be called Statism - not socialism or communism. Their Great God is The State.
The Market operates on a different principle - to each according to his accomplishments. Thus, none are dependent on The State for supplying their needs. Instead, everyone goes to market with his accomplishments, earns his rewards - and then provides for his needs himself, via the Market.
For the Market to work Private Property is essential. All the means of production are privately owned. Thereafter, all that is required is Liberty - so that none interfere with anyone's efforts to satisfy his customers.
One further point must be noted about the difference between these two ideologies: when the principle "each according to his accomplishments" prevails, everyone "works" to improve himself. People strive to be better. Firms try and improve their products. And there is Competition. All this results in a "work ethic."
Under socialism / communism, no one works. Everything is run at a loss. There are no incentives to perform better. Everything produced is shoddy. The workers lose as consumers.
Some people say that Competition means "dog-eat-dog capitalism" - but that is really not true. Market Competition is not the "survival of the fittest." Rather, all accomplishments are "graded" and rewarded accordingly. The great singer becomes a star. The lesser singer croons away in a small bar. The great whisky sells alongside the lesser whisky... and so on. All survive, not just the fittest and the best.
We in India must now choose between these rival ideologies.
Enough of Marxist nonsense!
Enough of socialism and communism - and their statism.
Enough!
Let there be Property and Liberty - and free markets.
To each according to his accomplishments.
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