The world at crossroads
It is clear that the policies of the “last four decades”, which means the neo-liberal policies characteristic of the current era of globalization, have got to be changed
The mendacity of Modi govt.’s ‘rescue package’
Which other government would have passed off a slew of concessions to foreign and domestic monopolists as a “rescue package” for the people of the country?
The exodus of finance from the third world
This unwillingness of finance to stay in, or move to, the Third World, is impairing the ability of several countries to pay for their imports and to service their external debt
Why agriculture remains a ‘sink’ for Indian capitalism
Post-lockdown mass migration disproves tall talk about India emerging as an “economic superpower” or a “$5 trillon economy”, as its villages continue to be the “sink” to which distressed urban workers return
The stranglehold of finance versus people in the era of pandemic
Intensification of the conflict between interests of finance capital and that of people in the days to come will sound the death-knell of financial globalization
Pandemic and socialism
As COVID-19 grips the world, in country after country, there is socialization of healthcare and of production of some essential goods, which markedly departs from the capitalist norm
Two basic lessons from the coronavirus pandemic
The overall lesson is to reverse the direction in which neoliberalism has forced us and introduce a universal public healthcare system and a public distribution system. Otherwise several precious lives will be needlessly lost.
Capitalism, socialism and over-production crises
Unlike capitalism, socialism avoids any waste or slack, such as is caused by an over-production crisis, by raising the consumption of workers appropriately to avert it