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Author: Prabhat Patnaik

Home Prabhat Patnaik
This author has written 391 articles

A Tale of Two Countries

  • July 13, 2020
  • Prabhat Patnaik
  • Economy and Society, Political Economy
  • 0 Comments

On May 25 in Minneapolis, an African-American arrestee George Floyd was choked to death by a white police officer pressing his knee against Floyd’s neck. The entire America erupted in protests, which targeted not just contemporary racism but even historical…

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India’s Abysmal Healthcare System

  • July 6, 2020
  • Prabhat Patnaik
  • Economy and Society
  • 0 Comments

DD Kosambi uses a telling example to illustrate the crisis of Indian feudalism: at the third Battle of Panipat in 1761, the troops on oneside had not had enough to eat, while the troops on the other side just managed…

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The Absurdity of Hiking Oil Prices

  • June 29, 2020
  • Prabhat Patnaik
  • Finance, Macroeconomics
  • 0 Comments

Between, say December 25, 2019, and June 23, 2020, world crude (brent) oil prices have fallen by nearly 37 per cent. They had fallen by over 60 per cent between end-December and mid-April, but there has been some price-recovery since…

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A Stock Market Boom amidst a Real Economy Crisis

  • June 17, 2020
  • Prabhat Patnaik
  • Finance, Macroeconomics
  • 0 Comments

Something very odd is happening in the United States. The coronavirus toll keeps rising with no end in sight. The economy has virtually collapsed with more than 40 million people filing for unemployment. Thousands are out on the streets protesting…

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Imperialism and India’s Food Economy

  • June 15, 2020
  • Prabhat Patnaik
  • Economy and Society, Food and Agriculture
  • 0 Comments

The tropical region can grow a variety of crops which either cannot be grown at all, or for much of the year, in the cold temperate regions of the world where metropolitan capitalism is located. These include beverages, fibres, vegetables…

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The Problem of External Debt

  • June 3, 2020
  • Prabhat Patnaik
  • Finance, World Economy
  • 0 Comments

There is a massive problem of external debt building up for the third world, of which the recent Argentine debt crisis was only one manifestation. At the root of the problem is the collapse of primary commodity prices in the…

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The World at Crossroads

  • June 2, 2020
  • Prabhat Patnaik
  • Economy and Society, Political Economy
  • 0 Comments

The Financial Times of London is one of the most “respectable” bourgeois newspapers in the world. Even this newspaper has now come to recognise something which the Left has been saying for quite some time. In an editorial on April…

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The Mendacity of the “Rescue Package”

  • May 24, 2020
  • Prabhat Patnaik
  • Finance, Macroeconomics
  • 0 Comments

The inhumanity of the Modi government towards the people is matched only by its mendacity. And in both respects the Modi government is far ahead of most other governments in the world. Which other government would have passed off a…

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The War on Labour

  • May 18, 2020
  • Prabhat Patnaik
  • Economy and Society, Macroeconomics
  • 0 Comments

Even as millions of migrant workers are wearily trudging back to their villages with no money, no food and no shelter, or are locked up en route in shoddy quarantine camps, a war has been unleashed on the rights of…

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A Dangerous Courses

  • May 11, 2020
  • Prabhat Patnaik
  • Finance, Political Economy
  • 0 Comments

Despite repeated demands by the states the Centre still has not released what is their legitimate due, namely the compensation for their revenue loss owing to the introduction of GST; this has not been paid since August. Meanwhile the Covid-19…

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