Wednesday, February 06, 2013


Socialists are not the only people to comment on the gap between the rich and the poor inside capitalism. Here is an Indian billionaire on the subject. 'Azim Premji, the billionaire philanthropist and chairman of Wipro, the IT service group, said that practices such as flying in American bands for weddings at $1 million a time were damaging in India, where official statistics last year suggested that 360 million people were living in the depths of poverty.' (Times, 4 February) Mr Premji's futile solution to the problem is philanthropy by the owning class whereas the solution of socialists is for the working class to abolish capitalism. RD

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