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Tightened market grip responsible for rot in politics: Joshi

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"Ever since the market forces took centre stage in the country following initiation of economic reforms and liberation in the early 1990s, the political system gave need to the needs and expectations of the corporates and presided over economic policies that suited the rich people," he said at a seminar here.

The market forces loosened their purse strings to virtually control the political system comprising both the political parties in power and those in the opposition and made them tweak economic policies to suit their economic interests at the cost of welfare of the masses and development for the natives, the senior leader alleged.

It has been noticed over the past two decades that the political parties have lost touch with the masses and pulse of their aspirations as reflected in total disconnect between the people and the political system, he said.

There was a time when the political parties used to go to the people to seek donations to run their affairs, including election expenditure, but slowly and steadily these parties have stopped this practice as the corporates ensured that the purses of these parties grew thicker, he said. MORE


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