Lack of internal production our bane: Pulapre Balakrishnan

Eminent academic and economist expert Dr. Pulaprae Balakrishnan lays bare the historical and societal roots of our economic impasse. The edited version of his C Achutha Menon commemorative lecture appears in the latest issue of ‘Mathrubhumi Weekly.’ On ‘Morning Show,’ he says that while the demise of feudalism freed Malayalees from bondage into capitalism, no creative mechanism substituted it, which would have set us on an egalitarian path of development. The active involvement of women has led to our enviable indices in education and health. He warns that lack of internal production, which unless addressed with political sagacity will lead us into a developmental morass.

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