Nuclear Energy

� Privatise the public sector, including the welfare services.
� Remove all controls placed on profiteering, even in essential services like drinking water,
food, education and health.
This restructuring of the Indian economy at the behest of India's foreign creditors has been
given the high-sounding name of 'globalisation'. Since then, governments at the Centre and the
states have continued to change, but the globalisation of the economy has continued unabated.
Unbridled Corporate Plunder
The essence of globalisation is that the Indian government is now running the economy
solely for maximising the profits of giant foreign corporations – also known as Multinational
Corporations (MNCs) – and India's big business houses. These corporations are on a no-holds
barred looting spree. They are plundering mountains, rivers and forests for their immense natural
wealth. They are seizing control of public sector corporations, created through the sweat and toil of
the common people, at throwaway prices. Privatisation is also enabling them to enter essential
services – including education, health, electricity, transport, even drinking water – and transform
these into instruments of naked profiteering. Because these are essential services, the profits are
huge.
In this plunder, India's business houses can only be junior partners of the foreign MNCs,
as the latter are gigantic: just 200 MNCs control a quarter of the global economic activity; dccxvii of
the world's 100 largest economies, 51 are MNCs, and 49 are countries. dccxviii But that is all right
with them, as their profits too are increasing. They are now not bothered about who is controlling
the Indian economy, but only about filling their coffers.
Hoarders and blackmarketeers are having a field day – as laws controlling their activities
have been relaxed in the name of freeing the markets. The speculators are ecstatic – they have never
had it so good. The swanky upper middle classes are also in raptures over globalization – the
world’s most trendy consumer brands are now available in the country. The top Indian intellectuals
and the media – faithful servants of the capitalist classes – have launched a massive propaganda
offensive to convince the Indian people about the benefits of globalization. In sum, globalisation
has become the consensus policy of India's elites. And since it is the elites, especially the big
business houses, who finance and thereby control the political parties, all of them, irrespective of
their colour, are implementing the economic 'reforms' wherever they are in power (in the Centre and
the states).
The government of India has given up all concern about the future of the country, about
conserving the environment for our future generations, about the livelihoods of the people of the
country, about making available essentials like food, water, health and education to the people at
affordable rates so that they can live like human beings and develop their abilities to the fullest
extent. It is now only concerned about how to provide new and profitable investment opportunities
for foreign multinational corporations and their Indian collaborators. The invitation to foreign
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