Early into his second term, US President Donald Trump has lived up to his image of being a Great Disruptor with his across-the-board (country-wise and commodity-wise) increase in tariffs on imports into the US. In the process, he has launched…
Advocates of neoliberal financial policies still argue that the post-1991 licensing of the so-called new generation private banks was a major step in enhancing competition and spurring “innovation” in the banking space. This position is maintained despite a raft of…
The BJP-led National Democratic Alliance government seems set to initiate another era of trade liberalisation. In recent weeks, there has been a flurry of ministerial-level delegations visiting the country and travelling abroad, announcing the revival after years in some cases…
Nobody can claim that the rate of growth of agricultural production, especially of foodgrain production, has been higher in the neoliberal period than during the years of dirigiste development that preceded it; it may have been somewhat lower but let…
If the first month of Donald Trump’s second term as US President is any indication, global capitalism under US hegemony appears to be undergoing an internally driven restructuring. It must be noted that this process, as other restructuring episodes in…
Donald Trump’s foreign policy has left commentators in a real tizzy. His markedly differing positions with regard to Ukraine and Gaza, in the first case apparently pursuing peace, and in the second asking for ethnic cleansing of an entire population,…
Under late capitalism, there is an assault on the working people that is reminiscent of early capitalism and this assault is worldwide, not just in the third world but in the advanced capitalist countries as well. This assault is at…
Georg Lukacs, the renowned Marxist philosopher had once remarked that “even the worst socialism was better than the best capitalism”. That remark made in 1969 and repeated in 1971, no doubt on the basis of Lukacs’ perception of actually existing…
Well-known Marxist scholar, the late Amalendu Guha, had argued persuasively that in modern India there co-existed in the minds of the people a dual national consciousness: a local, regional-linguistic nationality consciousness, of being a Bengali, or a Tamil, or a…
A CHORUS of “establishment” voices, from consultancy firms to the financial press, has been demanding a boost to domestic consumption as a means of reviving the flagging growth rate of the Indian economy. The latest to join this chorus is…
