The Corporate is the only winner

On the surface of it, Modi has emerged the victor in the elections. NaMo has vanquished every other name - that of individual, organization or political party. People may tend to think that Hindutva, RSS or BJP have won. But analysts have been quick to point out that Modi hardly bothers about any of them. He wants all of them to be nothing more than his obedient slaves. What is being missed altogether is that even Modi is not the real victor. If anyone has won the 2014 WAR, it is the Corporate India with the backing of the Corporate International.

It was long back in 1997 when my book, The Devil of Economic Fundamentalism, showed how the forces of economics have subjugated every field of human existence, politics being its main source of monopolization. In the chapter entitled, “State or Estate,” I had written,

“Democracy literally means ‘a government by the people, of the people and for the people’. In truth it is a corporatocracy, the government of the corporate, by the corporate, for the corporate. The result is that in most of the cases it is not the best among the people that ascend the ladder of politics but the ones chosen by the corporate, who often prove to be the worst for the people. The irony is that it is the people who appear to be voting them to power; they have no option but to elect from among those chosen by their rich masters.”

This election was unique in the sense that never in the past, the corporate has been as determined as it was this time to bring one single leader to the helm of affairs. Congress and BJP used to be favourites with Corporate India but other parties also had some support. This time, the two other leaders at the national level, Rahul Gandhi and Arvind Kejriwal, were perceived as the enemies of the interests of the corporate. The former showed increasing fondness for Welfare Economics, which the corporate loves to hate, and the latter challenged the biggest faces in the corporate India. Modi, on the other hand, was seen as a true friend, and the corporate does not disappoint its friends. Money flowed, media systematically destroyed the image of all his adversaries, Rahul and Kejriwal being the favourite targets, and hype was manufactured which brought every other factor to naught.

How Modi will address the corporate demands is the moot question. He cannot ignore the hopes of the people which have reached unprecedented heights. The problem is that as soon as he tries to do something that disfavours the interests of the market forces, the media will start questioning his intentions and methods. He would like to control inflation but any long-term curb on inflation is not possible without an intervention in the tendency of the market to make unjustifiable profits. If he tries to put the onus wholly on the people involved in the production and supply of the agricultural products, not only this will yield only a short term reprieve, it will also make him an unpopular figure in the villages and smaller towns. If he fails to curb inflation effectively, the masses will of course become disenchanted sooner than later.

Once he starts failing on the economic front, Modi may again look towards the forces of Hindutva. But the problem with him is that the hardcore loyalists of BJP are not more than 18 percent in the country. It means that more than 13 percent of the people who voted for him this time in the hope of better governance may easily shift their allegiance as soon as the Hindutva agenda starts coming to the fore.

Modi’s friends argue that Modi aims for  long innings, and would therefore keep Hindutva at bay. But the bigger challenge for him is to keep the corporate at bay. If he ignores them, the media and market-driven institutions will dump him. If he ignores the aspirations of the people, other parties will jump back into reckoning.

History tells us that political parties come and go and leaders rise and fall, but the graph of the forces of economics continues to rise. This will continue till a true leader emerges on the scene. The sad truth is that the true leaders take birth only in centuries.

Dr Javed Jamil is a thinker and writer with over a dozen books including his latest, Muslims Most Civilised, Yet Not Enough and Muslim Vision of Secular India: Destination & Road-map. He may be contacted at:

This article appeared in The Milli Gazette print issue of 16-30 June 2014 on page no. 11

We hope you liked this report/article. The Milli Gazette is a free and independent readers-supported media organisation. To support it, please contribute generously. Click here or email us at

blog comments powered by Disqus