Capitalism, especially Indian capitalism with its monstrous inequalities, has proved to be totally incompatible with democracy when the latter is understood in terms of its basic principles and aspirations—liberty, equality, and comradeship (fraternity is not the appropriate word now). But in transforming Indian society to ensure a better future for the Indian people, radical politics must preserve the kernel of the liberal–political tradition in the process of transcending that heritage. While keeping in place its historic legacy, “New Democracy” needs to be reimagined as part of a longer, truly democratic, human needs-based “political transition period” on the road to socialism.
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