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Economy and Society

Home Economy and Society

The Protracted Crisis of Capitalism

  • August 31, 2020
  • Prabhat Patnaik
  • Economy and Society, Political Economy
  • 0 Comments

There is a commonly-held view that the current crisis in capitalism, which has resulted in a massive output contraction and increase in unemployment, is because of the pandemic; and that once the pandemic gets over, things will go back to…

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An Elementary Misconception about the Hindu Rashtra

  • August 24, 2020
  • Prabhat Patnaik
  • Economy and Society, Political Economy
  • 0 Comments

The BJP as we know is a Hindu-supremacist party. It is the political front of the Rashtriya Swayamsevak Sangh, a fascistic organisation which believes in establishing a Hindu rashtra. Though the BJP itself cannot openly espouse this vision because of…

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Detainees during the Pandemic

  • August 13, 2020
  • Prabhat Patnaik
  • Economy and Society
  • 0 Comments

It is a common practice all over the world that when those incarcerated face a threat to life, the authorities send them home. Even Benito Mussolini had been forced by an international campaign to shift the Italian Communist Leader Antonio…

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New Education Policy: India’s great leap backward

  • August 10, 2020
  • Prabhat Patnaik
  • Economy and Society
  • 0 Comments

In a document like the New Education Policy, one must distinguish platitudes from new provisions, including within the latter even the dropping of old platitudes. Thus phrases like “education is a public good”, “6 per cent of GDP should be…

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Modi’s Covid-19 Policies make clear that in India some lives matter more than others

  • July 30, 2020
  • Jayati Ghosh
  • Economy and Society
  • 0 Comments

In February, 12-year-old Jamlo Makdam left her home in the Indian state of Chhattisgarh to work as a farm labourer in the chilli fields of Telangana, earning 200 rupees (about £2) a day. But on the morning of 23 March,…

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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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Corona Pandemic, Sudden Visibility of Migrant Workers and the Indian Economy

  • July 6, 2020
  • Byasdeb Dasgupta
  • Development Economics, Economy and Society
  • 0 Comments

The outbreak of the Novel Corona Virus pandemic has brought to the fore the fact that the Indian economy is run to a large extent, if not to the largest extent, by the inter-state migrant workers. One report has in…

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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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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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India’s Response to Covid-19 has been Sadistic

  • June 12, 2020
  • Jayati Ghosh
  • Development Economics, Economy and Society
  • 0 Comments

One of the most vocal critics of neoliberalism in general and the socioeconomic policies of India’s BJP-led Central government in particular, eminent economist Jayati Ghosh is known for her sharp and lucid views on social issues. In a conversation with…

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