IL Explainer - Ep 5 | Free Enterprise and Freedom

Source: https://www.youtube.com/watch?v=DOqQV3_qb3M Duration: 177.4s

Murarji Vaidya (00:01): Today, I’ll be discussing freedom and free enterprise. This is a 1956 essay by Murarji Vaidya. The essay begins by talking about the second five year plan of India. Now as per the Planning Commission, the second five year plan, what is the main objectives of the second five year plan was reducing income and wealth inequalities and improving the redistribution of economic power. Now with this, their business owners or industrialists or they’re politicians and bureaucrats. Now exploited by the few. It will simply shift from business owners and industrialists to, call it, those with political power, that is politicians and civil servants. Now however, with such concentration of both political and economic power, India might risk its individual liberty and democracy.