The Resurgence of Inflation
The official wholesale price index for March 2021, which was released a few days ago shows it to be 7.39 per cent higher than for March 2020. Such a high rate of inflation has not been seen in India for…
Biden’s Package and Its Pitfalls
U.S. President Joe Biden’s $1.9 trillion rescue package is one of the most ambitious measures to revive the U.S. and, with it, the world economy. Coming on the heels of Trump’s $2 trillion package last year and a further $900…
Ruling Classes and Concern for the Poor
When Elizabeth Warren a contender for American presidentship had proposed a progressive wealth tax during her campaign for Democratic Party nomination, 18 American billionaires had come out in support of her proposal; one cannot recall or even imagine any comparable…
Fiscal Policy in a Bind
Even the blinkered BJP government sees the need for a fiscal policy that would stimulate the economy by increasing government expenditure; but it finds itself in a bind since it does not know how to finance such larger government expenditure.…
Reviving the Economy through Incantations
Voltaire had said “one can always kill a man with incantations, plus a little poison”. Voltaire was a rationalist which the BJP government alas is not. It believes that one can revive an economy with incantations alone, for that is…
Biden’s Rescue Package
Even before taking office, Jo Biden, the new American president, has announced a rescue package of $1.9 trillion, of which as much as $1 trillion will be in the form simply of transfers to the working people. Since the estimated…
A Dangerous Red Herring
In its systematic attempt to vilify the farmers’ movement against the three infamous agriculture bills that open peasant agriculture to corporate take-over, the government keeps using the argument that the opposition to these bills is confined to farmers only from…
The Corporate-Hindutva Alliance and the Peasants
We are witnessing a bizarre situation. One comes across instances where consumers want growing of food crops for supplying to the public distribution system, while producers, lured by the apparent gains of shifting to cash crops, are reluctant to do…
Engels on the Peasant War in Germany
At a time when peasant masses in the country are engaged in a valiant struggle for the repeal of the Central government’s three infamous laws, and have laid peaceful siege to Delhi, braving rains and bitter cold, it is worth…
The Timidity-cum-Callousness of the Modi Government
The Modi government must be the most timid in the world vis-à-vis international finance capital. By the same token, it must be the most callous in the world vis-à-vis the working people of the country. The one is the flip…