John Maynard Keynes was by far the most insightful bourgeois economist of the twentieth century. He could not afford to be a mere apologist of the system, since he was writing in the midst of the Great Depression and in…
In terms of economic policy, the Modi government must be perhaps the most conservative in the world. During the entire period of the pandemic when millions of people lost their incomes and livelihood support, most governments around the world provided…
The G-7 meeting that has just concluded has promised to donate one billion doses of anti-Covid vaccine to the rest of the world, consisting primarily of the so-called “developing” countries. The US has promised 500 million doses, Britain 100 million…
A spade must be called a spade. The biggest ally of the coronavirus today as it decimates mankind is the institution of capitalist property rights. The Economist estimates that the actual death-toll across the world from the virus so far…
India is facing an acute vaccine shortage. The impression that generally prevails is that this shortage is because while production capacity is slow to increase there has been a sudden spurt in vaccine demand since vaccination is now open for…
Following its $1.9 trillion Covid-relief package, the Biden administration has further announced an infrastructure package of $2.3 trillion. But in contrast to the former which is to be spent within months, the latter is to be spent over an eight-year…
On March 24, 2020, Narendra Modi had announced that the country would go into a lockdown after four hours! This nation-wide lockdown was to last till the end of May, after which there were local lockdowns but not a general…
On October 2, 2020, even before any vaccines against Covid-19 had been approved, India and South Africa had proposed to the WTO that a temporary patent waiver should be granted on all such innovations. In the following months, 100 countries…
Of all the decisions taken by the Modi government the most mindless has been the so-called “liberalization” of vaccine distribution. Originally, the central government was the sole buyer from the two producing firms at a fixed price of Rs.150 per…
When the country is grappling with the worst health crisis it has faced in a century, the Covid-vaccine producers have decided to seize the opportunity to go on a profiteering spree, taking advantage of the Modi government’s incompetence or complicity…
