The aim of all fascistic governments is to disempower the people; and the Modi government is no exception. The Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) which promised one member in every rural household a maximum of 100 days…
Kliberal opinion holds that the international monetary and financial system is a device for promoting the interests of all participating countries by providing a convenient payments arrangement within which trade can be carried on. The reality however is altogether different:…
Karl Marx had once said that all criticism must begin with the criticism of religion. Paraphrasing Marx one can say in the current economic context that all criticism must begin with the criticism of the GDP. This conceptually and statistically…
Hearing a petition on November 22 to remove the term “socialism” from the Preamble of the Indian Constitution, the Chief Justice of India made two significant observations: first, the term “socialism” in the Preamble of the Constitution is used not…
It is common for governments these days to provide fiscal transfers to capitalists, whether through reduced corporate tax rates, or by providing direct cash subsidies, to encourage greater investment by them and thereby stimulate the economy. During Donald Trump’s first…
Trump’s victory in the US Presidential election conforms to a pattern presently observable across the world, namely a collapse of the liberal centre and a growth in support either for the Left, or for the extreme Right, the neo-fascists, in…
The Kazan summit of the BRICS countries was a historic one for several reasons: first, it created a new category called “partner nations” as a step towards full membership, and accepted 13 such new “partner” countries, among whom were Cuba…
This year’s Nobel Prize in economics (the Riksbank Prize to be more precise) has been awarded to three US-based economists for their research into what promotes or hinders the growth of wealth among nations; and they assign a crucial role…
Several international organisations are now engaged in the business of measuring what they call “poverty”. The World Bank has been in it for some time, but now we have a new measure of “Multidimensional Poverty” brought out by the UNDP…
The “inevitable striving of finance capital”, Lenin had written in Imperialism, (is) “to enlarge its spheres of influence and even its actual territory”. He was writing of course in a world marked by inter-imperialist rivalry, where this striving took the…
