Justice P. Sathasivam of the Supreme Court has said that national assets have to be shared by the whole country and not by a fortunate few alone.

He was speaking at a seminar on “Democratic socialism: Its future as a constitutional ideal and value in India'' at the Indian Law Institute here on Thursday.

The seminar was organised by Constitutional Cause to mark the 62nd anniversary of the framing of the Constitution of India. Constitutional Cause is a movement to propagate the ideals and values of the Indian Constitution.

Elucidating the concept of socialism of the Indian variety, Justice Sathasivam said it was different from both social democracy of capitalistic countries and socialistic democratic centralism of the communist countries. He stated that the Indian approach to socialism was India's distinct contribution to the world socialist movement.

“The value of democratic socialism is seen as a way of life which recognises liberty, equality and fraternity as principles of life. They are the trinity. One cannot be divorced from the other. Without equality, liberty would produce supremacy of the few over the many. Equality without liberty would denude the individual of his initiative. Without fraternity, liberty and equality would not nurture in their natural habitat,'' Justice Satahsivam stated.

“Economic justice means the abolition of those economic conditions which ultimately result in the inequality of economic values between men. The ideal of socialism and social justice are basic features of the Constitution,'' he added.

Delhi High Court Judge Justice S. Ravindra Bhat said that the land reform resorted to by the Indian State was the single most step after independence which helped many southern States to take giant steps towards development.

Kamal Mitra Chenoy of Jawaharlal Nehru University in his keynote address said there was an urge for the democratic socialism in the Constituent Assembly and for the merging of Fundamental Right and Directive Principles of State Policy. Now the monopoly had grown and the democratic Socialism had been weakened, he added.

President of the Constitutional Cause, advocate M. P. Raju, said that the value of democratic socialism was a seam running through the Indian civilisation from very early times which found its specific expression in the manifold resolutions adopted by the then Indian National Congress during the freedom struggle.