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…
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…
What had been only a suggestion by several prescient members of the capitalist establishment till now, has become official policy, at least in Britain where Prime Minister Boris Johnson has announced that his government will undertake public investment to stimulate…
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…
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…
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…
In an editorial on April 3, The Financial Times of London wrote: “Radical reforms in reversing the prevailing the policy direction of the last four decades will need to be put on the table. Governments will have to accept a…
The current globalization was always legitimized by the argument that capital today, unlike in colonial times, had become blind to racial and other such distinctions across countries in deciding upon its location; it would now flow wherever opportunities for profitable…
The move for capital account liberalisation, which took off in India within a few years of 1991 economic reforms, was followed by large inflows of non-debt creating foreign direct investment (FDI) and portfolio investment. The steady opening up was responsible…
It is said that in a crisis everybody becomes a socialist; free markets take a back seat, to the benefit of the working people. During the second world war for instance, when universal rationing was introduced in Britain, the average…
