WESTERN CAPITALISM VS. STATE CAPITALISM Capitalism is an economic system whereby means of production were owned and controlled by private actors in which they were allowed to own and control the use of property base on their own interests, and where the supply and demand in markets were coordinated by invisible hand of the pricing mechanism in a way that may suit the best interests of society (Scott 2006). Reisman (1998) describes Capitalism as “a social system based on private ownership of
the ‘Third World’ nations as they are put in the margin by the ‘First World’ nations. Postcolonial literature is internally a diverse cluster of writers and writers. The postcolonial writers are involved in the struggle against the colonialism/imperialism and such works are as odd as the struggle against it. The postcolonial writings reflect the new consciousness of the writers. Post-colonialism helps to see how and why the differences are created between the ‘First World’ and the
CHAPTER - I INTRODUCTION “History has come to a stage when the moral man, the complete man, is more and more giving way, almost without knowing it, to make room for the commercial man, the man of limited purpose. This process aided by the wonderful progress in science, is assuming gigantic proportion and power causing the upset of man’s moral balance, obscuring his human side under the shadow of soul-less organization.”- Rabindranath Tagore, Nationalism, 1917. Aristotle felt that the purpose of