Marxist theory develops with changing times, as capitalism itself develops, which is why it remains a living doctrine. On the question of the role of the peasantry in the revolutionary process that leads to the transcendence of capitalism, there have…
The International Monetary Fund has announced a fresh issue of $650 billion Special Drawing Rights in August which would be distributed among member countries in proportion to their IMF quotas. This amount is less than what had been demanded by…
Liberal commentators see Modi’s rise as being caused exclusively by the ascendancy of Hindutva. But they never explain why Hindutva should suddenly acquire this ascendancy. If this ascendancy is traced to the demolition of the Babri Masjid, then why two…
Everywhere in the world people got vaccinated against the Covid-19 virus without having to pay a penny, but not in India. Everywhere in the world, historic landmarks that define a nation, that constitute the warp and woof of a nation’s…
Junior Minister for Rural Development in the central government, Sadhvi Niranjan Jyoti, ruled out in parliament any increase in the amount of monthly pension given by the centre to the elderly under the National Social Assistance Programme (The Telegraph, August…
The anti-colonial nationalism that informed the struggle for liberation in third world countries was, as is well-known, of an entirely different genre from the bourgeois nationalism that had emerged in Europe in the seventeenth century. There is a tendency in…
President Lopez Obrador of Mexico in his inaugural speech itself had called neo-liberalism a “disaster” and a “calamity”. The Leftist political party, MORENA, to which he belongs, had stated in its programme: “The global economic crisis has revealed the failure…
6.25 x 9.5 inches (x+382) 392 pages Hardback ISBN: 978-81-947175-9-1 Rs 1200 For sale in India and South Asia only Mainstream economics invariably sees capitalism as an isolated and closed system. In this path-breaking book, authors Utsa Patnaik and Prabhat…
Simple analogies can be deceptive, even dangerous. An example is the analogy often drawn between the household and the state. Just as a household cannot “live beyond its means” for ever, and sooner or later its creditors not only stop…
Many would remember that the Soviet Union and other Eastern European socialist countries used to be characterized by long queues of consumers for several commodities. This was a source of much derision in the West and was attributed to the…
