Difference between a midwit and an actual smart person

It was at this time that many of the future leaders of the Third World were exposed to Fabian thought, most notably India's Jawaharlal Nehru, who subsequently framed economic policy for India on Fabian socialism lines. After independence from Britain, Nehru's Fabian ideas committed India to an economy in which the state owned, operated and controlled means of production, in particular key heavy industrial sectors such as steel, telecommunications, transportation, electricity generation, mining and real estate development. Private activity, property rights and entrepreneurship were discouraged or regulated through permits, nationalisation of economic activity and high taxes were encouraged, rationing, control of individual choices and Mahalanobis model considered by Nehru as a means to implement the Fabian Society version of socialism.

And then we have.

Lee Kuan Yew, the first Prime Minister of Singapore, stated in his memoirs that his initial political philosophy was strongly influenced by the Fabian Society. However, he later altered his views, considering the Fabian ideal of socialism as impractical. In 1993, Lee said:

They [Fabian Socialists] were going to create a just society for the British workers—the beginning of a welfare state, cheap council housing, free medicine and dental treatment, free spectacles, generous unemployment benefits. Of course, for students from the colonies, like Singapore and Malaya, it was a great attraction as the alternative to communism. We did not see until the 1970s that that was the beginning of big problems contributing to the inevitable decline of the British economy.

!bharatiya . Now that the dust has settled I wonder who turned out to be right?