Man's Place In The Economy

The use of manpower and the employment question will have to be thought of in the context of the human being as a whole, as an integral being. The economic theories of the past few centuries and the structure of society based on these theories, have resulted in a thorough devaluation of the human being. His personality is altogether irrelevant to the economic set up. Capitalist economy recognizes only an "economic man", whose all decisions are based entirely on calculations of gain and loss, in terms of material wealth. For this economic man, five rupees are always more than four rupees. He works solely to gain more wealth, and execs to get the maximum gain. For him, just like other commodities, human labor is a commodity to be brought and sold In the market. This is free enterprise. It holds all other restriction and regulations unjust, save the brake of competition. In the race no one is prepared to stop and give a helping land to the weak who is left behind; elimination of the weak is considered just and natural. He is uneconomic, marginal unit, not fit to exist. This is what it advocates. By the elimination of such marginal units, the economic power accumulates in the hands of a few. This is considered normal and natural is capitalist system. But when monopoly is a established, even the check of competition ceases to operates. In such a. situation the incentive resulting from competition is no longer available. Prices are arbitrarily fixed and quality of products deteriorates.

Even as regards the consumer's needs, the capitalist is guided not by the necessities and desires of the consumer. but by his purchasing power. The needs of the wealthy and the well fed are attended to rather than those of the poor and the hungry. As a result where countless varieties of goods are produced for he needs of the wealthy, even the basic necessities of life for the poor become scarce. The centralization and monopolization of reduction totally undermine the influence of the consumer. The markets are so organized that the consumer has to go by standard products. This standardization is on the increase at such a pace that individual preference of the consumer is ignored. Like the books in the library, even human beings are allotted numbers as consumers. The system which boasts of giving highest importance to the individual has ironically destroyed all individuality. Clearly, the capitalist system is incapable of helping the development of an integral human being.

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