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Bangabandhu – The People’s Protagonist-54 Bangabandhu’s socialism and first Five-Year Plan Dr. Atiur Rahman 6th April, 2021 10:39:32 The First Five-Year Plan drew heavily from one of the four basic principles of the constitution: socialism as envisioned by Bangabandhu. This socialism was purely indigenous. Bangabandhu was a born pragmatist and could adjust to new realities using his extraordinary intuition. He was not a communist. But he believed in “socialism and not in capitalism.” (Sheikh Mujibur Rahman, ‘The Unfinished Memoirs’, UPL, Fourth Impression, 2019, p. 237). He, in fact, provided the four pillars of the constitution nationalism, socialism, democracy and secularism on the very first day he touched the ground of independent Bangladesh on January 10, 1972. He talked about these pledges even during his short stop-over in Delhi on his way home from London. Strikingly, he combined socialism with democracy to propound a new paradigm on the socialistic tran

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