India’s oldest Socialist Weekly!
Editor: Dr. G.G. Parikh | Associate Editor: Neeraj Jain | Managing Editor: Guddi
The struggle between the emerging imperialist powers in the late 19th century ended in two world wars in the 20th century. The attempt of U.S. imperialism to destroy the emerging economic and political power of China poses the same risk.
As billionnaires meet in luxury, Oxfam publishes a staggering condemnation of capital’s failure to meet humanity’s needs.
The capitalist mode of production is in a ‘polycrisis’, that is, where various crises – economic (inflation and slump); environmental (climate and pandemic); and geopolitical (war and international divisions) – have come together in the early 21st century. An update of this polycrisis.
Debt payments are consuming more of government spending in poor countries when they were already struggling to provide education and health services. On average, the poorest countries spend just 3% of GDP on their most vulnerable citizens – compared with an average of 26% for other economies.
So is it all over? Well, it ain’t over til it’s over. The latest Fed data from show that U.S. banks lost $100bn in deposits in one week. Since the crisis started three weeks ago, while the large U.S. banks have added $67bn, the small banks have lost $120bn and foreign-owned banks $45bn.
The empirical evidence is just not there for the ‘trickle-down’ theory or the Laffer curve.
If we accept that life expectancy is a good measure of human development, the latest data are revealing: Life expectancy fell in the U.S. in 2021 to its lowest since 1996, mainly due to COVID-19 deaths. In contrast, life expectancy China throughout the COVID pandemic!
Three-part article on the future of work since the pandemic slump: Remote Working; Working Long and Hard; and Automation.
Once again, Western ‘experts’ are predicting a financial crash in China. How much truth is there in this latest batch of critiques on China’s economic progress?
A review of John Smith’s Imperialism in the 21st Century. This “powerful and searing indictment of the exploitation of billions of people,” argues that “the huge low wage proletariat that has emerged in the last 30 years is the key to the profits of imperialism.”
Janata Weekly is India’s oldest independent socialist weekly.
Ever since its founding in 1946, Janata has voiced its principled dissent against all conduct and practice that is detrimental to the cherished values of nationalism, democracy, secularism and socialism, while upholding the integrity and the ethical norms of healthy journalism. For more than seventy years now, week after week, it has continued to analyse the changes taking place in the country and the world from a socialist standpoint, and thus promote the spread of socialist ideology in the country.
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