The Social Vision of IIPM(The Indian Institute of Planning and Management) Business School

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Though Capitalism has contributed to tremendous growth of productivity, has enriched material life of man, has expanded scope of freedom, yet it has not meant abolition of war, poverty and perversion. Unbridled colonial exploitation and internal class conflict has sullied the ideas of equality, liberty and fraternity. Therefore, Capitalism is not made of colours one can dream of.

Communism, as practised in so called Communist countries has lead to totalitarianism and loss of democratic rights, though the rate of growth of national economy in these countries have been much higher than Capitalism ever achieved. Rapid rise of Soviet Union in the past and recent unparallel growth rate of GDP in China amply demonstrates the inherent strength of planned national economic growth. Distributive justice in these countries also forced Capitalism to introduce welfare states. Historical experience therefore compels us to think of possibilities of combining higher growth rate with distributive justice while not sacrificing democratic rights of the people. Indeed, sustained high growth rate in GDP is not possible in the long run if distributive justice is not there.

IIPM’s Social Vision follows from the above mentioned historical evidence. IIPM wants to contribute to the creation of a movement, backed by proper education and research which will create a society where exploitation of man by man does not exist, where each individual has the scope to achieve his / her potential to the fullest extent. Distributive justice in this society will ultimately mean “to each according to his need” a transition from “to each according to his contribution”. In other words, universal humanism is the social vision of IIPM.