Rubber prices, which had recovered a little after the fall during the pandemic, have collapsed again, with the farmers in Kerala, which grows 80 per cent of the country’s rubber crop, being badly hit. The central government has flatly refused…
There is a commonly-held view that while capitalism in its early stages brings about unemployment and hence an accentuation of poverty, this initial damage is subsequently reversed as it keeps growing. The unemployed get largely absorbed into the ranks of…
The month of March 2023 has come out to be yet another nightmarish experience for the world of global finance, after the collapse of Washington Mutual and Lehman Brothers in September 2008. This started when on March 10, the world…
Interview with Jayati Ghosh by Sudipta Datta In her 2022 book, The Making of a Catastrophe (Aleph), on the disastrous economic fallout of COVID-19, Indian development economist Jayati Ghosh writes that job losses and food insecurity were significantly higher for…
There is nothing mysterious about the reasons for the collapse of the Silicon Valley Bank and the Signature Bank in the United States. There is also nothing mysterious about why the entire banking system of the capitalist world has come…
C. P. Chandrasekhar speaks to us about the Silicon Valley Bank crisis and whether the financial contagion is likely to spread to India and other countries. Last week, California-based Silicon Valley Bank, the 16th largest bank in the United States,…
There is an overwhelming asymmetry between the level of “development” and the possession of natural resources among countries of the world. Take the group of most advanced countries, the G-7 comprising the US, the UK, Germany, France, Italy, Japan and…
There is an impression shared by even progressive intellectuals that the entity that goes by the name of “physical infrastructure” is an absolute necessity in each country, and that the actual amount of infrastructure that exists is always less than…
It comes close to a fairytale as one starts narrating the meteoric rise and fall of the Adani Group in terms of its changing fortunes or valuations in the market. I think history will reckon this as a singular event,…
Recently, a three-judge Bench of the Supreme Court put forth the idea of setting up an expert committee that could recommend ways to protect common investors from market events. The court’s recommendation came soon after the stocks of the companies of…
