64 SOCIAL SCEINTIST ff» ' rf'"^ import substitution more of a necessity. It is a vicious circle in which there is little reason to believe that the present policies regarding protec-» tion have been framed on the basis of a careful consideration of the domestic and foreign ratejs of transformation. Instead, there are reasons to believe that such policies are framed under pressure from the vested interests who in pursuance of the short-term exploitive gains, are only too keen to sacrifice the long-term interests of the economy. More than anything else, this shows the basic weakness of the so-called mixed economic system where the capitalist class is always able to mould the State policy instruments to serve their own interests and in the process frustrate the national objectives. No amount of planning can stem the tide of the powerful market forces rooted in the existing class structure of the economy and this will lead to a situation where public wealth will continue to be exploited to serve private ends. EKONOMIKUS CORRECTION In the third para on page 13 (September issue) the last sentence appearing in italic should be read as follows : If is the gulf between the ever-expanding capital in the hands of an ever "narrowing circle of monopolists on the one hand and the impoverishment of an ever-widening circle of the common people that is relevant to the discussion of the capital'labouf relations analysed by Marx.