There are a number of ways in which a democracy that has struck roots among the people, that has captured the people’s imagination, and that is vigorously used by them to assert themselves, is sought to be enfeebled.
- These vary from a substitution of parliamentary democracy by a presidential form of government;
- to a substitution of politicians by bureaucrats and technocrats as the heads of government even within a parliamentary democracy (to facilitate which a process of vilification of politicians is unleashed by the bourgeois media and “opinion makers”);
- to the institutionalisation of a uniformity among all political parties on policy issues, ostensibly for the sake of “development”.
One national daily has even called upon both the prime minister and the CPI(M) to quickly reach a settlement (for which, needless to say, the latter must abandon its opposition to the nuclear deal), so that the “stock markets are not disturbed”! The interests of finance capital in short must take precedence over the people’s interests, and the country’s future.
The introduction of capital account convertibility greatly increases the voice of finance capital in the country’s affairs; and it is instructive that in the very midst of the stand off between the prime minister and the Left, a committee has been appointed to work out the modalities of introducing capital account convertibility. You may think it is a case of bull-headed obtuseness; but it is not. It is a part of a strategy.