The recent collapse of the protracted negotiations to restructure Zambia’s external debt, following a default in November 2020, underlines the failure of the prevailing international financial architecture to address global challenges. Not only has the structure not been adapted to…
There has been much excitement recently at the supposedly significant recent increase in work participation rates in India, which is being heralded as a sign of the success of the current government’s economic policies. How significant is this increase in…
Imperialist hegemony over the third world is exercised not just through arms and economic might but also through the hegemony of ideas, by making the victims see the world the way imperialism wants them to see it. A pre-requisite for…
Significant segments of the non-Communist Western Left see the developing contradiction between the United States and China in terms of an inter-imperialist rivalry. Such a characterisation fulfils three distinct theoretical functions from their point of view: first, it provides an…
All fascistic outfits have one common characteristic: they reject outright all evidence that goes against the narrative they spin; and the Hindutva elements in power in India are no exception. Their narrative presents India as the fastest growing economy in…
The latest Annual Report of the Periodic Labour Force Survey, covering July 2022 to June 2023, has some interesting results. On the face of it, there seems to be some improvement in the labour market, as expressed in the declining…
India has a robust and admired statistical system. But the government is suppressing data to suit its narrative. It is perilous not to know the reality of the governed No government in India has been as adept in shaping the…
The sovereign debt crises confronting many low and middle income countries is now common knowledge and is frequently referred to by global policy makers—even though remarkably little is being done by the international powers-that-be to resolve these crises. The general…
Much of the ex-colonial world, having set up dirigiste regimes to wrest control over its natural resources from metropolitan capital and to build up industries behind protectionist walls, was sought to be re-assimilated into imperialist hegemony through the neo-liberal economic…
Many economists have been advocating a universal basic income for India, an idea that was mooted even in the official Economic Survey for 2016-17. Of course the practical proposals towards this end have varied, some suggesting a common universal transfer…
