The weaponization of tariffs by US President Donald Trump has clearly generated fear and loathing across the world. These threats are not only purely performative; nor are they just transactional in nature. The logic of these tariff threats in most…
The BJP-led National Democratic Alliance government seems set to initiate another era of trade liberalisation. In recent weeks, there has been a flurry of ministerial-level delegations visiting the country and travelling abroad, announcing the revival after years in some cases…
Nobody can claim that the rate of growth of agricultural production, especially of foodgrain production, has been higher in the neoliberal period than during the years of dirigiste development that preceded it; it may have been somewhat lower but let…
If the first month of Donald Trump’s second term as US President is any indication, global capitalism under US hegemony appears to be undergoing an internally driven restructuring. It must be noted that this process, as other restructuring episodes in…
Donald Trump’s foreign policy has left commentators in a real tizzy. His markedly differing positions with regard to Ukraine and Gaza, in the first case apparently pursuing peace, and in the second asking for ethnic cleansing of an entire population,…
Under late capitalism, there is an assault on the working people that is reminiscent of early capitalism and this assault is worldwide, not just in the third world but in the advanced capitalist countries as well. This assault is at…
There is a sense of panic gripping financial markets in India. The immediate causes are a combined slide of indices of stock markets and of the rupee vis-à-vis the US dollar. For market players accustomed to what has been an…
Georg Lukacs, the renowned Marxist philosopher had once remarked that “even the worst socialism was better than the best capitalism”. That remark made in 1969 and repeated in 1971, no doubt on the basis of Lukacs’ perception of actually existing…
No budget in post-independence India had been as openly cynical about the lives of the vast masses of the working people as the one presented on February 1, 2025. All pundits, from the finance minister downwards, agree that the strategy…
The Finance Minister’s Budget Speech for this year described agriculture as “the first engine of growth”, and the Economic Survey also described agriculture and food management as the “sector of the future” (even though it was relegated to Chapter 9…
