Many Indian leaders were educated at British universities where socialist – often Marxist – economics was in vogue. This applied to other leaders of the Third World who had been educated in Britain such as Julius Nyerere, president of Tanzania from 1964 to 1985, who also implemented Fabian and African socialist ideas. He had read economics and history at the University of Edinburgh. He enforced collectivisation, and when peasants resisted, he burnt down villages. The result was economic decline, corruption and food shortages. When Tanzania tried market economics, it recorded impressive growth: gross domestic product (GDP) rose 40 per cent between 1998 and 2007.

What It Means

This is a placeholder explanation generated by the low-overhead model. It interprets "Many Indian leaders were educated at British universities where socialist – often Marxist – economics was in vogue. This applied to other leaders of the Third World who had been educated in Britain such as Julius Nyerere, president of Tanzania from 1964 to 1985, who also implemented Fabian and African socialist ideas. He had read economics and history at the University of Edinburgh. He enforced collectivisation, and when peasants resisted, he burnt down villages. The result was economic decline, corruption and food shortages. When Tanzania tried market economics, it recorded impressive growth: gross domestic product (GDP) rose 40 per cent between 1998 and 2007." in the context of "Martin McCauley, The Cold War 1949-2016 (2017)" to mean that wisdom is timeless.