About: Socialism in Bangladesh

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Socialism in Bangladesh differs from socialist countries where all the means of production are owned socially. Socialism is one of the four fundamental principles of state policy in the original Constitution of Bangladesh, along with nationalism, democracy and secularism. It's also mentioned in the preamble. "Socialism" has been considered in the Constitution as "a way to establish an exploitation-free society". The constitution allows cooperative and private ownership along with state ownership. The Constitution pledges to ensure the emancipation of peasants and workers, and endeavours to protect and improve their conditions. Like socialist constitutions, it also declares for free and compulsory education.

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  • Socialism in Bangladesh differs from socialist countries where all the means of production are owned socially. Socialism is one of the four fundamental principles of state policy in the original Constitution of Bangladesh, along with nationalism, democracy and secularism. It's also mentioned in the preamble. "Socialism" has been considered in the Constitution as "a way to establish an exploitation-free society". The constitution allows cooperative and private ownership along with state ownership. The Constitution pledges to ensure the emancipation of peasants and workers, and endeavours to protect and improve their conditions. Like socialist constitutions, it also declares for free and compulsory education. After the independence, newly established Bangladesh, led by Sheikh Mujibur Rahman, was shaped as a socialist economy. However it resulted a chaotic situation and economic backslide. In 1975, the country's political structure was changed to a socialist state and only one vanguard party existed in the country. After the assassination of Mujib, the country saw a regime change and socialism eventually removed from the constitution in 1979 and liberalization was started. Free market economy was introduced, state enterprises were dismalted and subsidies were withdrawn. In 2011, the term "socialism" and "socialist" were reintroduced to make the constitution more in line with the original document, but the country remained a liberal mixed economy. (en)
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  • Socialism in Bangladesh differs from socialist countries where all the means of production are owned socially. Socialism is one of the four fundamental principles of state policy in the original Constitution of Bangladesh, along with nationalism, democracy and secularism. It's also mentioned in the preamble. "Socialism" has been considered in the Constitution as "a way to establish an exploitation-free society". The constitution allows cooperative and private ownership along with state ownership. The Constitution pledges to ensure the emancipation of peasants and workers, and endeavours to protect and improve their conditions. Like socialist constitutions, it also declares for free and compulsory education. (en)
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  • Socialism in Bangladesh (en)
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