January 06, 2007

Flashback: British Gameplan in India

Before British rule, there was no private property in land in the India! The self-governing village community handed over each year to the ruler or his nominee a share of the years produce.East India Company put a stop to this and introduced a new revenue system superseding the right of the village community over land and creating two new forms of property on land -landlordism and individual peasant proprietorship. It was assumed that the State was the supreme landlord. Fixed tax payments were introduced based on land whereby payment had tobe made to the government whether or not crop had been successful. As one British put itwe have introduced new methods of assessing and cultivating land revenue which haveconverted a once flourishing population into a huge horde of paupers. Indeed the firsteffect was the reduction in agricultural incomes by 50% thereby undermining the agrarianeconomy and self-governing village.

This is a very important piece of information in context to todays' times...the times of Real Estate boom / bubble and it's related negative factors as Politics, Crime, Prices,Urban chaos etc. Imagine if it was still a Self Governing Village/Community base system ! Imagine few Positive factors ! !

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