Written by: Aswin Siwakoti - 23014, Grade XI
Posted on: 29 November, 2021
Politics and economy have a very close relation with each other. In this current era we are living here, economy means everything. Everything depends on the economy from small things to big things. As said by Karl Marx, a renowned philosopher, “economy is the base and everything is structured around it and this applies to politics as well to operate politics economy is a must otherwise no politics can run with the scarcity of money.
Let’s delve deep into the relation between these two in order to know about their relationship more accurately. Let’s take an example of two countries, the USA and China. In the present context, the United States can be seen involved in the Middle East. The politics in the united states is very strong and right now their interests can be broken down into these areas which are ensuring free flow of oil, preventing nuclear proliferation, fighting terrorism, and promoting democratization in those areas. And on the other hand, we can find how vastly the politics have changed in China because of the well structured economy they have been possessing at the present scenario. They are able to bring a greater change within the country or in world politics. Over the past 30 years, China has gone through drastic change, most notably the economic reforms of the late 1970s which brought them almost everything which made their politics and economy strong, and till now they are still impacted and stand high. As the industrial revolution started two major competing economic systems were introduced which were capitalism and socialism which completely changed the economic status of many countries and some of the political parts were also influenced.
We can even find different books and novels where the philosophers have expressed how the politics and economy are causing a huge change in this era or they have said about kali yuga as well. During the time of economic recession, people tend to follow socialism and their political ideology becomes extreme we can take the example of Nazi Germany which was the national socialist party whose extreme ideology gave them fame amongst the public because at some point they were at the lowest condition or point. So if we see from the present perspective, the economy has a greater role than any factor in this world. Politics and the economy will form a law like how lobbyists are kept in a party and parties are funded.So politics and economy go a long way back and they are influencing everything which is accumulated in this world.
