Economies around the world are moving towards decentralization

- The Conundrum of Economics - Dhawal Mehta

- The last of the three stages of capitalism is the increase in economic inequality

Right-wing politics in the Western world is divided into two sections: the Right and the Far Right. The right-wing ideology in economics there is now called neoliberalism. Neoliberalism is an extension of capitalism and the last of the three stages of capitalism and the last stage to increase economic inequality. The first form of capitalism started as merchant capitalism in the early 17th century. East India Company of Merchant Capitalism was founded in England in AD. It happened in 1600. The industrial revolution did not happen when the countries of the western world like England, France, Holland, Portugal etc. established their own commercial companies and established their colonies (colonies) in the poor countries of the world. Is. During the 1760s, the Industrial Revolution in England spread almost everywhere in Europe. This second stage of capitalism is known as industrial capitalism. After the end of World War I in 1918, industrial capitalism gradually took the form of financial capitalism, and neoliberalism, known as market fundamentalism, began in earnest after the end of World War II in 1945. Neoliberalism created a lot of prosperity in America and the countries of the western world, but at the same time it created economic prosperity very quickly in Taiwan, Thailand, South Korea, China and even in Japan after World War II, although the prosperity of South Korea, Japan or Taiwan was fully supported by their governments. . In the 1980s, the countries known as the 'Asian Tigers' developed high market fundamentalism (meaning that self-governing markets play the best role in the economy). The main economists who propagated this belief were Frederick Hayek and Milton Friedman (University of Chicago). In their 1944 book 'Roads to Serfdom' The future proved to be neoliberalism that made its mark.After the publication of this book in 1944, Hayek and other right-wing economists formed the Mont (ie Mountain) Perlin Society, which promoted neoliberalism in countries around the world.

Neoliberalism is considered a right-wing ideology in economics because it values ​​the market, not the individual. Neoliberalism has favored cash marketism and in its practice has increased wealth and income inequality between and within countries. In America it produced Donald Trump and in England it gave birth to extreme right wing Margaret Thatcher in 1939 and right wing Ronald Reagan in 1980 respectively.

Neoliberalism has a different meaning in Asian-African countries than in Western countries. In India it means far right i.e. in the name of Hindutva our nation is the best in the world. Also, our sages have already made the discoveries that have been made in science! Whether or not Hinduism is the best and most tolerant religion in the world should be debated everywhere, but in the name of Hindutva, history has been vandalized by erecting huge temples of Hindu deities or Hindu leaders. Many people do not like the idea of ​​using religion in politics to erect statues of Hindu gods and goddesses. So many believe that the western world has humiliated us, so let us show them who we are, how much higher and wider our spiritual culture is than yours is also a topic of discussion.