Abhay Firodia hits out at socialism

ST CORRESPONDENT
Monday, 1 October 2018

“Socialism is anti-enterprise, and hence, it is anti-prosperity. While people look forward to getting government jobs, these are the least productive and least accountable jobs,” Firodia said.

PUNE: “We can prosper only if our policies aim towards creating prosperity and not employment. Prosperity creates jobs and enterprise education and ethics together can bring future prosperity,” said industrialist Abhay Firodia. 

He was speaking at the inauguration of NATCON, a national conference organised recently by the National Institute of Personnel Management (NIPM). Vishwesh Kulkarni, Chairman, NATCON Management Committee, Umesh Joshi, Chairman, NIPM Pune Chapter, Musharraf Hossain, President, Asia Pacific Federation of Human Resource Management, Rakesh Anand, Chairman, National Organising Committee were also present.

“After independence, we were made to believe by Nehru and others that if you create public sector prosperity, you create prosperity. However, that is not true. Socialism is anti-enterprise, and hence, it is anti-prosperity. While people look forward to getting government jobs, these are the least productive and least accountable jobs,” Firodia said.

Taking a jibe at socialism and emphasising the need for promotion of enterprise, he said, “When the wave of socialism hit, even countries like the United States of America (USA) tried to adopt it. However, socialism proved to be the most disastrous for Soviet Union, China and East American countries who tried to hold on to it. Countries like India with mixed policies that partially adopted it, also showed failure. It was the countries that shunned it, were the ones that prospered.”

Addressing the participants of the conference, he also stated, “To go into the future, we have to totally support merit. We can’t support entitlement. As a country, there is a need to support and promote merit and this has to go into minds of those who control the people i.e. the HR (Human Resource) personnel.”

He also stated that India is just partially liberalised and there is a need to bring in liberalisation in education to bring about prosperity. 

The two-day conference which was organised with the theme of ‘Managing Future of Work and Workplace’, discussed the topics of the impact of economic conditions on human resource management, increasing insecurity in the field, etc.

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