Centre pledging future of economy: Nayanar

By Our Staff Correspondent

MANGALORE, JAN. 12. The Union Government, led by the NDA, is pledging the interests and the future of the national economy with the financial ``imperialist'' forces such as the World Bank, the World Trade Organisation and the International Monetary Fund, Mr. E.K. Nayanar, Chief Minister of Kerala, has said.

Speaking on the theme ``WTO and the wrong policies of the Central Government'' here today under the auspices of the CPI (M) Dakshina Kannada unit, Mr. Nayanar said since the time the concept of a mixed economy was shelved, the country was drifting aimlessly, pushing the vulnerable classes of society into a vortex of ``insufficiency'', marginalising the economic gain of the agricultural sector and ignoring the problems of unemployment.

Giving an overview of the economy, Mr. Nayanar said the country was witnessing a reversal of roles in the industrial and agricultural sectors. The winding up of various public sector enterprises was a show of weakness, and privatisation of entire sections of the economy such as the telecom sector, airlines, postal services and ports, indicated nothing but a lack of initiative on the part of the Government. Mr. Nayanar criticised the Government for the fall in prices of rubber, coconut, black pepper, cardamom and other agricultural commodities. He said the country under the leadership of the NDA had weakened the agricultural sector, which was considered to be the backbone of growth by the framers of the economic policy of the country.

Calling upon the working class to organise a ``massive struggle'' against such ``mortgaging of the national economy by a compradore bourgeoisie to imperialist forces,'' Mr. Nayanar, said the 21st Century ought to see a strengthening of socialist forces as a continuation of the 20th Century, which had seen the strengthening of the global working class.

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