The Financial Times of London is one of the most “respectable” bourgeois newspapers in the world. Even this newspaper has now come to recognise something which the Left has been saying for quite some time. In an editorial on April…
In a trend which sees equity markets in the “emerging economies” imitate stock markets in the US, the MSCI Emerging Market Index that collapsed over the month ending 23 March, from more than 1,100 to just above 750 (Chart 1),…
Mainstream economic policies that advocate fiscal-monetary austerity along with financialization and speculative transactions have squeezed the pace of expansion for the real economy. A major impact of above has been the dismal state of employment and job creation in the…
