Vidyut@Vidyut
I get why the rich like capitalism. I don't get why the poor support it so staunchly. Got into some minor banter with a neighbour who disparaged something I said as socialist and said he didn't expect it from me, considering I'm literate and all.
That surprised me. I was a child born to working class parents in the 70s when India was still socialist. My father was a factory worker who began with a salary of Rs.350 (+overtime and obviously it grew over the years) but was able to buy subsidized household and other essentials at work, so the money stretched further. We got kerosene and sugar on the ration card. My education was funded with scholarships. He was vegetarian, but at work, he ate chicken because he got it for 75 paise (paise used to be a thing) in the factory canteen and that in turn inspired him to ensure I ate eggs once a week (Sundays) or more often.
He aspired to have a highly intelligent daughter who'd become a scientist, etc and purchased second-hand books till I was drowning in them, funded knowledge, hobbies, various classes (karate, music, dance, German, French...) I learned to use computers and owned one (Sinclair ZX Spectrum+) while still at school. This is before the internet. We went to interesting places on low budget tourism tours every summer vacations (yay Indian railways + travel allowance!) and to relatives in Pune once a year. He was 10th pass and my mother was 12th pass. I was so widely read that people much older than me used to run their English writing past me for feedback/improvements. It was the only job he did in his life but with those savings, he purchased a home in Vile Parle - Mumbai! My mother (a telephone operator) and he worked hard to pay off the last of the loan (from relatives) while I was still too young to remember. Both of them had no income other than these jobs.
He taught me about banking by making me write his salary cheque deposit slips in my "excellent handwriting" so the bank officials could read it correctly. The first cheque I deposited was for five thousand something.
We were definitely not rich, but we also had money for things that mattered and if we saved hard, we could dream of affording much more. If we'd liberalized our economy a decade or two sooner, my life would probably be very different from him simply not being able to fund my horizons so much. Both my parents were working class and worked hard. The difference between them and now is that they actually got paid in a way that let them have some kind of a life instead of simply existing to work more. My parents have never taken a loan in their lives other than the money they borrowed from relatives for their home (that they paid off in a few years)
Why in the world would I hate socialism? I saw prosperous homes in the lower middle class.
Show me the factory worker in raging capitalism who owns his home from his income or can ensure their kids have wider horizons and opportunity like this instead of quickly needing to help parents earn.