In: Economics
Is there a left or right bias in the presentation of “Commanding Heights”? and back it up with evidence?
The concept of commanding heights can be analyzed with the phrase emerged from a branch of modern political philosophy and can be traced back to Karl Marx’s ideas on socialism which stresses the commanding height and advocates for government control of it. Commanding heights refers to existing private industry essential to the economy like public utility, natural resources, heavy industry and transport to control over foreign and domestic trade.
Commanding heights are highlighted more of right bias because it refers to the critical factor that dominated economic activity like electricity generation, heavy manufacturing, mining and transportation. This is acting like a driving force to encourage employment production and consumption, the best example is Russia because government control on the sectors lead to dominance over the economic life of the nation when analyzed in the present condition the commanding heights more emphasis must be given for the economic welfare like health and education which is considered as for most parameter which is strives for employment and consumption which increases the driving force for extensive government intervention and planning with innovation. Therefore commanding heights plays a prominent role in shaping the economic activity with sustainable development.