A recent mint article reads, “Sugar Production up 13% so far this market year at 307 lakh ton: ISMA”. With this statement, The Indian Sugar Mills Association (ISMA) highlighted the good run the sugar industry is having this season.
Almost every other article in the first few months of the pandemic started with “The coronavirus induced lockdown and the ensuing supply chain disruption have brought economies to a standstill”. And then we had articles saying economic activity has resumed following the gradual lifting of lockdown, along with forecasts of the vaccine launch. But are there any businesses which are covid-proof?
Economies today are variants of broadly two kinds- capitalist (or market) and socialist economies. Certain connotations to these systems have developed over time like ‘wealth, greed, disparity’ for capitalism and ‘fairness, justice, humanity’ for socialism. But there is more to it than meets the eye. And we know that these systems did not just pop out of the ‘Big Bang’. They have evolved, serving the needs of the people of their time. So we’ll back up a bit… centuries ago, to touch upon the various systems we’ve witnessed to understand how we got here. And we’ll also examine the current systems for their efficacy. Read on to know more.