Democracy in the modern age necessitates planned central direction as well as decentralisation political and economic power , in so far as this is compatible with the safety of the state, with efficient production and the cultural progress of the community as a whole. The smallest territorial unit should be able to exercise effective control over its corporate life by means of a popularly elected panchayat. In so far as it is possible, national and regional economic self sufficiency in the essential of life should be aimed at. In the case of industries, which in their nature have to be run on the large scale and on centralised basis, they should belong to the community, and they should be so organised that workers become not only Co - shares in the profit but are also increasingly associated with the management and administration of industry. Land , with its mineral resources , and all other means of production as well as distribution and exchange must belong to and be regulated by community in its own interest.
Our aim should be to evolve an economic structure which will yield maximum production without the creation of private monopolies and concentration of wealth and which will create proper balance between urban and rural economies. Such social structure can provide an alternative to this acquisitive economy private capitalism and regimentation of a totalitarian state.
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