The Hindu : Tamil Nadu News : "Neo-nationalism" is exploitation of working class: Raja

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Friday, Feb 09, 2007
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Tamil Nadu

Tamil Nadu

"Neo-nationalism" is exploitation of working class: Raja

Special Correspondent

Says it has no economic, political or cultural perspective "It has no economic, political or cultural perspective"

— Photo: K. Pichumani

FIRM STAND: D. Raja, CPI national secretary, at a national dialogue organised by the Loyola Economics Association for Development in Chennai on Thursday.

CHENNAI: An alternative to "neo-imperialism" will definitely emerge, as it cannot sustain itself. To say there is no alternative to "neo-imperialism" is nothing but a panic reaction to support it, CPI national secretary D. Raja said here on Thursday.

Participating in a national dialogue on `Neo-imperialism-an economic perspective,' organised by the Loyola Economics Association for Development, Mr. Raja said "neo-imperialism" had no economic, political or cultural perspective.

It was nothing but exploitation of the poor, especially the working class. He was confident that a new system would emerge, which would be free of exploitation of the working class.

FDI a threat

Unfortunately, a section of the people believed that privatisation was the panacea for the economic ills of the country. But heavy inflow of foreign direct investment would be a threat to the economy. The country could not depend on FDI as it would be withdrawn by the investors the moment they sensed that the condition was not conducive. Only internal generation of resources would provide stability to the economy.

Mr. Raja called for a meaningful economic cooperation among the Asian countries to face the onslaught of the European Union and the United States.

S. Narayan, former Economic Adviser to the Prime Minister, said the country should realise its strength and weakness and try to balance the two.

Padmini Swaminathan, director, Madras Institute of Development Studies, said imperialism was not confined to domination of one country over another. It was also suppression of the poor by the rich in all countries. There was always an identity of views among the rich in all countries. The marginalised, irrespective of the country they belonged to, continued to be neglected.

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