Social Scientist. v 1, no. 3 (Oct 1972) p. 68.

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Nationalisation of Indian and foreign monopoly houses can be an effective step provided the Government is sincere about implementing their loud professions. But, in the hands of the Congress Government, rationalisation5 measures are being utilised to bestow concessions to big business in terms of the compensation offered. Two instances would suffice to reveal the Government's duplicity. Firstly, the nationalised general insurance companies, both Indian and foreign, have been granted a sum of Rs 38.23 crores as compensation (Rs 5 crores more than the sum earlier decided upon) through the legislation passed in the last session of Parliament. A second Bill pays the British company, Indian Copper Corporation, a fat sum of Rs. 7.5 crores as compensation for nationalisation. It seems the Government is bent upon rewarding the foreign companies who have looted our country's resources. The Indian monopolists are not kept out of the Government's generous handouts. For, in the Rs 38 23 crores compensation accorded to the General Insurance companies, 'deserving recipients' such as Tatas (New India Assurance and South India Assurance), Birlas (Ruby General Insurance), Sahujains (Universal Fire & General Insurance) and many others figure. This generous doling out of the public money reduces 'nationalisation' into a mockery and a paying concern for Indian and foreign monopolists.


Ideology and The Vietnam War

SINCE the end of World War lithe imperialist role of America has steadily grown. During this period, the importance of the erstwhile imperialist powers—England, France, Germany and Japan—has relatively diminished. In line with this development, and so as to meet the exigencies of new situations, the ruling classes of America have, from time to time, formulated sets of doctrines to buttress American internal and external policies. The principal object of the latter has all along been the subjugation of underdeveloped nations to its own will.

The effort at subjugation has always been tinged with ideological overtones. Often these overtones have been condemnatory, as with regard to India during the 1971 war with Pakistan ; often aggresively authoritarian, as when dealing with the puppet regime in South Vietriam and sometimes conciliatory, as in regard to China after President Nixon's visit to Peking. At all times, however, ideology has been used to justify foreign policy.

The leading ideology of any country is the ideology of the ruling classes and it represents their interests. An ideology may be generally regarded as a system of ideas and is determined by the material conditions, especially the economic relations of a society. Hence an ideology represents not only particular class interests, but corresponds closely to

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