STATE REGULATED CAPITALISM ADVANCED BY THE LABOUR CODE BILL AND THE PANDEMIC
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Keywords:
Labour Code Bill, Capitalism, Neo-liberalism, Pandemic, Indian proletariats Labour lawsAbstract
‘Socialist’ in the Indian Preamble signifies the commitment of the Indian State to bring about social and economic equality in the society. The archaic labor regulations have proved that it is rather used as a façade to conceal the capitalist motives of the State. Prof. Baxi’s piece, ‘Law and State regulated Capitalism’, written in the pre-liberalization period, quite elegantly deconstructs how the State has used the legal apparatus to not only establish and maintain the capitalist structure but also perpetuate it in the Indian society. He also argues that the legal system is designed for the efficient advancement of capitalist objectives. In 2019, the Indian Parliament took a step towards consolidating multiple labour legislations into four codes which was viewed as a step towards reformation of labour laws prevailing in the country. This paper seeks to critically analyze the Labour Code Bill 2019 and the events during the pandemic to assess whether the arguments in the piece written in 1990 are relevant even after 29 years of liberalization.
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